I think there may be a confusion between your question and the answers you have previously received. The issue pivots on whether these...

Husband has an S-Corporation. We are divorcing. What is the risk to me if the corporate veil is pierced after the divorce?

It is very difficult to answer this question with the information you have provided. Who is liable on the corporate credit card? Just the...

As a foreigner, what do I need to be a director of a company located in USA, California without being a shareholder?

Just to be a bit clearer, there are no citizenship or residency requirements under California Corporate law to be a director of a company. You can...

I just added a corporate officer to my corporation. Can a corporate officer apply for corporate credit?

The powers of your corporate officers are set out in your by-laws. If your by-laws say that a "treasurer" or "president" may apply for credit, and...

"Issuing" shares and using shares as "collateral" are NOT the same thing. "Issuing" share means giving or selling new shares of the company. For...

Joint brokerage account tax question

When a nonresident alien opens a brokerage account, the brokerage is required to withhold taxes from distributions. Your mother can then file a...

Real Estate Partnerships

A court order won't give you new rights, it will enforce the rights you have. The question is whether your partner will give you access to the...

Assuming that you were not named as an individual in the suit, your personal finances are not at issue. As the manager of the LLC you do have to...

CA corporate and LLC laws, liability of taxs for LLC and personal income, sole member LLC tax liability

While the previous answer was correct for Federal taxes, California does charge a corporate tax on LLC's and S Corps. It is about 8% of income...

Inheretance Tax

Please be careful with this. There are reporting requirements for receiving an inheritance from abroad. Likewise the law treats the inheritance...