Questions answered by Andrew Richard Edward Gale

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Should I become an LLC or an S corporation?

Andrew's answer | Answered on March 13, 2013

If you were a contractor in California, I would lean towards an S corporation because of the way that taxes work here in this state. The answer...

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Can I transfer inactive incorporation from NY to Fl and activate it ?

Andrew's answer | Answered on March 11, 2013

And, to follow on to Mr. Doland's thought, once you have the corporation up and running in Florida, you can then merge the two corporations. This...

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Can personal debt and collectors come after my S corp?

Andrew's answer | Answered on November 06, 2012

I agree with the comments from Mr. Kurzon. Additionally, I think it would be very helpful for you to consult with a bankruptcy attorney. I...

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I live in California and plan to move to NY. Should I incorporate in DE or NY?

Andrew's answer | Answered on November 06, 2012

Unfortunately, you are not in the minority when it comes to not liking tax laws in the state of California. Double unfortunately, you cannot avoid...

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Setting up a Corporation

Andrew's answer | Answered on October 30, 2012

I agree with everything Mr. Doland outlined, but I think your question is focusing on the S corporation being the member of the LLC rather than the...

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I want to start my own small business and was wondering if it was better to be incorporated or have the company a LLC?

Andrew's answer | Answered on October 30, 2012

My best advice to you is to find a business lawyer in your community who can become your trusted advisor over the many years that you will run your...

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Can S corp bankruptcy affect only majority shareholder and not minority ones? Majority signed for some debts, others not.

Andrew's answer | Answered on October 29, 2012

To answer your question, the bankruptcy of a corporation affects all of the shareholders equally. When you say that you signed for most of the...

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I just realized that failed to pay payroll tax, what should I do/expect?

Andrew's answer | Answered on October 27, 2012

I know that it really stinks given the bad luck of your car accident and your health issues last year, but when it comes to paying the tax man -...

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Can a family run corporation fire a member of a corporation

Andrew's answer | Answered on October 21, 2012

I agree with the comments of Mr. Doland and Mr. Cornish. It can come as quite a shock to the person who was terminated, but there is no...

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Dad signed a contract ending partnership with his nephew,sold 25% share got check,and was given a verbal promise that he would p

Andrew's answer | Answered on October 21, 2012

Your facts are a little bit confusing because in the beginning you state that your father signed a "contract" with his nephew ending the...

Andrew Richard Edward Gale's Answers (39)

Should I become an LLC or an S corporation?

Can I transfer inactive incorporation from NY to Fl and activate it ?

Can personal debt and collectors come after my S corp?

I live in California and plan to move to NY. Should I incorporate in DE or NY?

Setting up a Corporation

I want to start my own small business and was wondering if it was better to be incorporated or have the company a LLC?

Can S corp bankruptcy affect only majority shareholder and not minority ones? Majority signed for some debts, others not.

I just realized that failed to pay payroll tax, what should I do/expect?

Can a family run corporation fire a member of a corporation

Dad signed a contract ending partnership with his nephew,sold 25% share got check,and was given a verbal promise that he would p