Archived
Getting a Tax Identification Number (TIN) for a startup co-founder - Can I just fill out a W-7 form? Any consequences?
Dana's answer
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Answered on July 10, 2013
I have helped dozens of foreign clients start businesses in the US. It appears that you are confused.
You wrote "I need to issue stocks to...
Archived
I own a C-Corp, which is in good standing. I also set up an LLC, owned by this C-Corp about 6 years ago.
Dana's answer
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Answered on July 10, 2013
The FTB is asking you to pay the $800 annual franchise tax for the LLC.
As you noted, that is a lot of money given how little the LLC earns....
Archived
I own a C-Corp, which is in good standing. I also set up an LLC, owned by this C-Corp about 6 years ago.
Dana's answer
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Answered on July 10, 2013
I agree with Attorney Smith. The FTB is asking you to pay the $800 annual franchise tax for the LLC.
As you noted, that is a lot of money given...
Archived
A friend sends me 150 dollars a week to help with bills, if he gets mad at me can he sue me?
Dana's answer
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Answered on July 09, 2013
I agree with my colleagues: Your friend does not have a legal right to demand return of gifts he has given you.
Archived
Do I have any recourse with a utility company that refuses to remove a charge on my account for a wrongfully closed bank acct?
Dana's answer
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Answered on July 09, 2013
It might be helpful to send a polite, sympathy-inducing Customer Service inquiry to the utility's Contact Us page (link below).
The...
Archived
Late fees on a California LLC no longer being used...what are my options?
Dana's answer
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Answered on July 09, 2013
Every year, countless LLC and corporation founders simply walk away from their entities, ignoring the Franchise Tax Board.
While it is difficult...
Is this a standard practice to sign "Stock Power and Assignment Separate Form" with NO intention of executing it in near future?
Dana's answer
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Answered on July 09, 2013
There is not necessarily a "standard" approach to this issue.
The first thing to realize is that the firm is doing this (ostensibly)...
Selected as the best answer
What happens to technology assets such as IP and software code in S-Corp (with more than one owner/director) on dissolution?
Dana's answer
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Answered on July 09, 2013
As my colleagues have noted, winding up the corporation's business is part of the dissolution process.
The post at the link below provides an...
How long is reasonable to make the initial capital contribution to a California LLC?
Dana's answer
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Answered on July 09, 2013
I agree with Attorney Doland.
Based on the facts you have provided - and assuming that you have made your capital contribution - it appears that...
Archived
We post a link on the internet directing to our website for particular services provided
Dana's answer
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Answered on July 09, 2013
The facts you have presented are confusing and incomplete, and you have not asked a question.
If your Q is whether you should remove the...
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