Forming an LLC and want to leave additional room for future investors

LLC is essentially a partnerhsip. It has an operating agreement, a huge very extensive operating agreement (if you do it right). If everyone...

The # of hrs that constitute FT vs PT status is determined by the company correct? or is their a law that does?

You live in two countries, the U.S. and the State of Florida. Both have rules and both must be followed. Both probably distinguish between...

Do I need to create a foreign LLC for a website business?

There must be a reason why you want a foreign LLC. There are tax sourcing rules, personal jurisdiction rules etc, and none will detract from your...

Is this example a franchise or can it be classified as a 1099 relationship?

The glue that holds a franchise together is trademarks, but you have not mentioned these. From a Tax Court case and IRS perspective, when you...

Bet Income from Overseas

I had almost the identical question the other day. Here it is, slightly modified: 1. The state can take the position that gambling is illegal...

Better to patent or outright sell an idea?

1. "Idea" as I have heard from potential clients is usually 85% unfinished. The Value is in the details 2. Patent application is a muniment of...

1. Depends on your original contract which arises by course of dealing (since no formal contract). Did you let them see your list before, or did...

Want to get 2 domains for 2 lines of product and bill from same account. Not sure how to structure this..

DBA's are there to meet your responsibility to the state. You get scant rights compared to trademark. Putting all the business into one line...

How is restitution collected from a family?

Wow this one might go unanswered.... Comments 1. "My cousin's husband pleaded guilty to stealing $400K from his employer." How was it stolen?...

My soon-to-be-ex called my mortgage company and they gave her my tax information so she can file the mortgage on her taxes

A couple of points to consider: 1. "Mine is the sole name on the mortgage." In CA, the house payments made during marriage involve a community...