Archived
I had a verbal agreement to pay a professional engineer 500.00 for some work. after the job was complete he billed me $2500.00.
Barry's answer
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Answered on January 24, 2011
As a general rule, oral contracts (and oral amendments to contracts) are enforceable. Of course, using a written contract is prudent because it can...
A friend wants to invest in my LLC. How do I structure this and what can I give?
Barry's answer
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Answered on January 24, 2011
While LLCs do not have stock, an LLC can be structured to "look and feel" like a corporation. That is, an LLC can create "membership units" that...
Archived
Do I need to have 1065 or K-1 for my tax return?
Barry's answer
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Answered on January 24, 2011
As a general rule, an LLC with 2 or more owners is taxed as a partnership, meaning one 1065 is filed by the LLC and each member gets a K-1 which...
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