When she receives that distribution, will it be be taxed as personal income in Oregon, New York, or both states?

It depends on the length of her residence in either state. In New York, she may be treated as part-year resident for the part of the year when she...

Having a NY Authority to do Business but have no employees or sales done in NY, are we liable for any NY tax?

Not knowing your specific situation, I am only making general observations. When you have the authority to do business in New York, the tax...

Taxes

Please accept my condolences. Yes, you have to file a final income tax return. I am attaching a link to the IRS information on this topic. The...

If it is legal, then is there any pitfalls we should be careful about, such as tax implication etc?

I agree with my colleague. Just a follow up point - make sure that you have a written loan agreement. Consult with the attorney to make sure that...

Can I distribute funds the way I know my moth er would have?

Please accept my condolences. As the representative authorized by the court to handle the estate, one of your legal duties is to distribute the...

It is unclear as to the responsibilities of your new role. I am only making general observations. In many states, non-compete agreement is...

How should my wife and I structure our separate businesses; LLC or Series LLC?

In general, if there are two separate lines of business and two separate owners, it makes sense to have two separate entities, from the...

Can I quitclaim WA property to a CA trust and what are the requirements? I am in CA

Please accept my condolences. Without knowing your specific situation, I am only making general observations. The transfer of title in real...

Does a corporation's bylaws need to explain what "cause" is (re: termination with cause)?

I agree with Mr. Doland. The only way this type of forfeiture might work is in the situation of restricted stock issued to employees that are not...

What do I need to file for a cancelled CA LLC?

The LLC will stay in the IRS system until they receive a 1065. As my colleagues suggest, mark it final so they will close out your tax account. ...