My company is registered in Delaware, but do business only in California. Am I required to pay both CA and DE franchise taxes?
Allan's answer
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Answered on April 02, 2021
If you do business in California you should also register here as a foreign corporation and pay franchise tax in both states.
Can a LLC and an incorporation have the same name in california?
Allan's answer
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Answered on March 28, 2021
You can try to register the name to see if it is accepted. If it is accepted, then that is the registered name of your non-profit company, but...
How do I understand how much tax is owed in deleware for a dissolved llc?
Allan's answer
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Answered on March 28, 2021
An additional point to note if your company issued par value stock and received a very large franchise tax bill: The amount of tax due may change...
Archived
Can a newly elected Board member nominate his Mother to be President on the same Board? Isn’t this a conflict of interest?Legal?
Allan's answer
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Answered on March 28, 2021
There should be no obstacle to the nomination as long as the nominee is meets certain basic requirements applicable to all person serving as...
What state requires the most fiduciary responsibility from its shareholders. Delaware being the worst example as we know...
Allan's answer
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Answered on March 09, 2021
I second the above response. You should also consider the tax implications of the state in which you register, as well as the added regulatory...
Construction Contract Signature and it's Entity Structure?
Allan's answer
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Answered on December 30, 2020
Sign your personal name (e.g., Joe Smith) and print it out as "Joe Smith doing business XYZ"
A corporation must be registered with the Secretary...
I am looking to purchase a small business auto repair shop, primarily to get the lease for the location. Is this possible?
Allan's answer
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Answered on October 27, 2020
Yes, talk to a corporation lawyer. You should also look at the lease before buying the assets. The lease may allow the landlord to terminate on...
What is the definition of a officer/director of a foreign corporation on form 5471?
Allan's answer
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Answered on August 13, 2020
Regarding your position in your China subsidiary, if you are registered as the "legal representative" (法定代表人)of the subsidiary, then you are almost...
Archived
Adding shareholder to S-corp
Allan's answer
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Answered on July 27, 2020
Provided that the other shareholders agree and the corporate documents (Articles of Organization, Bylaws, etc.) permit (e.g., the authorized stock...
How does amendment works when shareholders agreement is terminated and new one is signed?
Allan's answer
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Answered on September 15, 2019
Did the agreement and/or the amendment (assuming you refer to two separate documents) remove co-founder C as a party to the shareholder agreement? ...
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