Can a part owner of a LLC withhold your earnings if they feel they are owed money for personal debts that are disputed?

No, under the facts of your case, they should not be able to withhold your paycheck funds because the employment agreement is between you and the...

In KS, how do I form a second company inside my existing LLC with all the protection afforded the existing LLC?

By forming a second company inside your existing LLC, you will have to form another company or LLC, and then give all of the shares or membership...

Removing 50% owner of our corporation if both parties agree.

As the two attorneys above correctly state: 1) You'll need to buy back the 50% shareholder's shares, and 2) Evaluate any taxes...

Can individuals in a family combine their property assets into a corporation?

You may exchange all of your property for stock of a new corporation tax free in something called a 351 transaction. However, when the elderly...

LLC to corporation in order to file for 501 c3 status

In addition to the IRS information above, here is California specific information: The Conversion It is possible to convert your LLC to a...

Where can I find specific language needed to start a not-for-profit sports club for the Certificate of Inc?

See page 22 of publication 557 here: http://www.irs.gov/pub/irs-pdf/p557.pdf and Revenue Ruling 75-38...

I have received a notice from the State of New York concerning back income taxes from 1985.

I agree with the prior attorney. Normally, there are only 3 years to audit tax returns. However, if a judgment has already been made, there...

What is tax on trust's cap gains/income when trust ends, and who pays it?

I agree with Mr. Fromm's answers above. Generally, the trust should be the one paying the taxes, rather than the beneficiaries of the trust. Then...

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Inherited 28,000 from sister in PA. do I pay state tax on this amount?

I agree with the prior attorney on all points. In addition, there is another kind of inheritance that is taxable called an "Inherited IRA." If...

If and S corp files bankruptcy will it still owe its tax debt?

I agree with the prior attorney on all points. Also note that in certain states you cannot "shut down" or dissolve a corporate unless you do...