Contact the IRS, when the open, and get your record of earnings for 2010. The FTB will acknowledge this as your earnings. Better yet if you can...

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How exactly is LLC in california taxed on funds not spent during year and left over?

There is a flow through treatment of the income earned. But you do have a right to deduct the expenses against the earned income. If the 100k was...

What preventive meassure can I take to protect a start-up business (Corp.) with two partners should either party get a divorce?

You need a buy sell agreement which states that should that if there is a divorce the divorcing spouse has no right to either share. This is a...

We were offered shares in a new business, paid but never received anything after 2 years. How con we get our money back?

I agree with the statements of the others. But you can put pressure on them to get your money back. However, note that most of the scammers never...

You are very close. Yes, they can give you shares in the corporation, assuming they are the only other owners. if not, you would be best to get...

I signed a lease agreement w/ relative but the business opened was solely mine, what are relative's rights to business?

This is apples and oranges. He has no right to your business unless there is a writing stating so. If he entered the lease and blindly thot he...

I filed as a nonprofit with the Secretary of State over a year ago, but now I want to change to a for-profit. What do I do?

Very tough a lot of hoops to jump through as pointed out by others. Consider just starting a new corporation. A new corporation will be quicker...

As a licensed psychologist do I need a separate corporation to protect me plus my therapy-related products & program I sell?

Don't need to but you should. It is a great way to protect your assets from business matters that just don't go right, whether with clients or...

In a CA bus.general partnership situation no written agreement can a general partner acquire another partner's share of

The short answer is yes. The longer answer is doing so likely created an overstepping of his rights. Notice should be given to all partners. ...

I want to create a US entity of a UK professional services company. What are the pro's and con's of an LLC vs. incorporation?

If you are not a US Citizen you may be locked in to using an LLC. LLCs and Corporations are similar but only to an extent. LLCs have more...