Archived
Is it possible to obtain a business license in Nevada even tho I'll be operating my in-home online store in CA?
Terrence's answer
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Answered on November 18, 2013
Just having a business license in NV is not going to protect your assets from wife's X. You need to have more of a presence in NV. But if you...
Archived
I'm being billed for work I didn't order. What should I do now ?
Terrence's answer
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Answered on November 07, 2013
The reason you have an estimate is to let you know how much it will cost. If the dentist is charging more than the estimate then you have a very...
Archived
In chapter 7, can i include sales tax retuns unpaid fees from my business.
Terrence's answer
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Answered on November 07, 2013
You can not discharge sales tax in a chapter seven bankruptcy. Work with your lender since you are only two months behind on your mortgage.
Does the IRS choose which inquiries to pursue?
Terrence's answer
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Answered on November 07, 2013
That their is nothing wrong if you have a good faith belief in your position. Report it and if the IRS decides to pursue it it could put this...
If I am operating an LLC at my home (pilates studio) and if I'm sued, is my house automatically considered a company asset?
Terrence's answer
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Answered on November 07, 2013
You also might want to consider having a rental agreement with the LLC renting a portion of the house to the LLC. It helps respect the business...
Archived
Can my 50-50 partner with hold my pay check until we settle the dispute?
Terrence's answer
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Answered on November 07, 2013
My guess is you do not have a written agreement. Even so, you both have equal rights in equal say. She cannot force you out any more than you can...
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Archived
If an LLC does not pay any salary, can owner withdraw amount at his will?
Terrence's answer
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Answered on November 07, 2013
Yikes!! You are setting yourself up for an IRS audit! The IRS is targeting these types of transactions and owners that don't take a salary. The...
Archived
Does a California Court have jurisdiction over a Canadian Business?
Terrence's answer
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Answered on November 07, 2013
Your Canadian Corp. can be subject to California Court jurisdiction if your Canadian Corp. has contacts within the state of California. In the...
Archived
Are the LLC Manager personally liable for mis-management?
Terrence's answer
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Answered on November 07, 2013
This is California you can always sue. It is also very likely that you have causes of action against the managers which they might be personally...
Archived
I need some advice from a Business Formation lawyer
Terrence's answer
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Answered on November 07, 2013
Form a corporation. You can elect to be an S Corp. You will have the same tax advantages as an LLC.
Remember we win you operate as a...
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