Question regarding F Reorganization

Yes the new corporation will need to elect with 2553 if the shareholders want. If you are just forming a Nevada Corporation because you were told...

Have you thought about taking the debtor's stock in the corporation? If you get control of some stock, you may end any S-Election previously made,...

How specific does a corporation name have to be?

Even if you can't get the name from the Secretary for your corporation, the corporation may DBA to the name just like you did. Often adding...

Should I put in my articles of incorporation (filing in California) that my org. for public or charitable purposes or both?

Know that filing Articles of Incorporation for a California non-profit does not gain the corporation any tax free status. The process of becoming a...

Are capital gain taxes going to be due upon the sale of residence?

Everyone calls it a step up. But know that there can also be a step down. The tax basis of inherited property is generally the fair value at the...

In response to your additionally provided information. Corporations do not have "member" owners, but Limited Liability Companies do. So be sure...

Is it legal for a member of an HOA BOD to remove personnel files from the business office?

I am assuming the HOA is a corporation. The authority of a corporation's Directors is stated in the Bylaws and the California Corporations Code....

Two board members of an HOA I work for came into the business office, copied my personnel files and left with them.

I am assuming the HOA is a corporation. The authority of a corporation's Directors is stated in the Bylaws and the California Corporations Code....

Can I turn my non-profit corp into a for-profit corp?

If the corporation achieved 501c3 status, then any assets remaining at the end of the winding up process must be donated to another 501c3 corp. If...

Is it possible to transfer S-corp shares from one partner to another without an exchange of money?

Stock may have the following characteristics: authorized, issued, outstanding, treasury, surrendered, cancelled. The amount of authorized stock is...