My company is a C corp and a foreign company holds 51% shares. The C corp was created in 2007.

Both attorneys are correct that the tax will be owed by the seller, not the buyer in the share repurchase plan. The tax the seller owes is the...

I agree with the prior attorney's remarks and would note that he recited the rules very well. Here are a few points of clarification to make the...

All non-profits must file Tax Form 990, which includes the income and expenditures of the non-profit for their financial year. Unlike normal tax...

Under the L1 and L2 visa, both you and your spouse can apply to work, which means that Line A of form W4 should be 1, Line B may or may not be 1...

If i have a time deposit under a trust account, who will be responsible to pay for the taxes on the interest income?

You must file form 1041 for the Trust after it has been created. It is the fiduciary's responsibility to file this form. Trusts are generally...

I agree with both answers, and would provide the following analogy to Mr. Shultz's comment -- in the corporate context, the officers of the...

LLC's and 1065 forms

I'm not quite sure I follow your question but there are two possibilities which I will both analyze: The Two IRAs are inside the LLC And IRA is...

Do I have to have employees in an LLC registered in California owned by Canadian?

I agree with the attorney above. You can form a California LLC as a Canadian with no employees or independent contractors. As far as the...

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Forming a company with foreign partner

A foreigner can be a member of an LLC but not a shareholder in an S Corporation, and since it's just the two of you, I recommend a "pass through"...

I agree with the prior attorney. Most states only require that you list whether or not the LLC is member managed or manager managed, and sometimes...