Question about transfer tax and transferring a property to a NY LLC

Many states exempt such transfers from transfer tax, provided your equity ownership of the LLC reaches a certain threshold--a NY tax attorney may...

Opening a small office in the US, where my company, based in Peru can bill foreign clients

It is definitely legal to open a US office for your non-US business, but there are many factors to consider and you should engage a US attorney to...

Should I apply for EIN with IRS?

Your first question is a matter of bank policy, not law. Many sole proprietors w/o employees choose to use an EIN in order to limit dissemination...

LLCs generally bifurcate transactions with their members as being within/without of the member-LLC relationship. It appears the operating agreement...

Does a US company hiring a US citizen (expat) overseas need to have an entity in that specific country?

While your issue is very common (US employer hiring US person outside of US), each scenario is very different and you will not be able to get a...

I am a US citizen/resident looking to incorporate a business with a Canadian citizen/resident. What corporate structure?

There are numerous factors to consider in a choice-of-entity analysis, the citizenship/residency of an owner being only one. As a non-US owner, you...

Tax and Sale of Business

Yes, the full sales price is included in income and (to the extent it exceeds basis) is taxable. Yest, there are certain circumstances where...

How can inside counsel/general counsel structure shares as a form of payment in an operating agreement, w/o being a partner?

Sometimes, the prohibition on partnering w/ non-attorneys is solely with respect to an entity providing legal services. So, you may want to...

Can I donate the same copies of the same vital records to more than one 170(b)(1)(a)(vi) organization?

You ability to take (multiple) deductions is based on whether you are repeatedly delivering the fair market value to the nonprofits. The county's...

I accept a 1099 misc for 10,000 from my boss for my wife but she never worked for this guy am i in trouble ?

Assuming neither you nor your wife received the $10k at issue, you should file (or amend) your return to reflect your actual income -- i.e., omit...