In general, if you are talking about profits remaining prior to the end of the corporation's tax year, then no tax is due. Profits remaining in...

After probate, can a sibling who inherits a home with an existing mortgage leave the title in the name of the deceased sibling ?

You should definitely consult with a Washington probate lawyer regarding these issues. I am not licensed in Washington and express no opinion on...

Can a line of credit with a house on collateral legally be uncollectable after 4-5 years after the first breach of the contract?

I agree with the answers above, but also want to point out that the type and duration of the default are important. If the line of credit is with...

Seller defaults on Business Purchase Agreement.

I concur with the other answers here, but do want to add an element that should motivate you to see a lawyer immediately. In general, the...

Is prior owner, Title company, surveyor responsible if the property has now boundary dispute?

The burden is on your neighbor to prove his claim in your land. If it is ultimately determined that your neighbor has title to 1/3 of the property...

If I want to set up subsidiaries under one company, should I set up an LLC or something else?

As a general matter, you want to segregate different business lines into separate, stand-alone entities. The paramount concern is the effect of...

I live in Oregon, my fiance bought a car, I am making the payments on the car, if he dies, what will happend to the car?

If your fiancee dies before you get married and you are not on the vehicle's title, then it is highly unlikely that you will gain an ownership...

If A promissory note is considered legal and secured then how can creditor force foreclosure on home?

First, you mentioned that this was business debt memorialized by a Promissory Note. You also mentioned in the title of your post that the debt was...

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My C-Report is showing a fraudulent entry for a credit card, which now has been sold to a collection agency. Any suggestions?

Kudos to you for taking the initiative to contact the credit reporting agencies and the police. Unfortunately, there is not much you can do to...

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