Attorney Representation

Most states will let an LLC attorney represent a member in a matter against the other members if the other members either sign a waiver or it is...

Can a 99 year lease qualify as "ownership" for the purposes of a grant?

For many federal income tax purposes, a lease with a remaining term of 30-years-or-more is treated as outright ownership. However, your questions...

US Income Being Paid to My Hong Kong Account, Meanwhile Living in Taiwan. Do I Get Taxed in All Countries?

Your question is very broad and so difficult to answer. You refer to "US income," but US tax lawyers tend to think of that term being used to...

In general, creating shares with different economic rights will be considered the creation of a new class of shares for Subchapter S purposes. You...

Can a corp issue stock to a co-founder in CA by relying on the securities reg exemption of Section 25102(a) of CA Corps Code?

The section you cite generally provides a temporary exemption until another exemption is obtained/proven/etc. As Phillip pointed out, (a) is not...

83b Election in California.

There's something strange going on in your example. Almost always, a founder will have company shares (common) prior to any investor, including...

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While the non-sole proprietor might escape liability, they would also lack entitlement to the business upside. (Unless WA grants marriage-type...

If you own a restaurant with 5 people , can a major partner buy out a minor partner on a whim?

The majority partner's ability to purchase a minority partner's stock will be governed by the partnership agreement (assuming there is one). In...

Does the 83(b) election make any sense in case when all founders are NRAs?

There are instances where an NRA may want to make the election, e.g., if the NRA has any chance of becoming a US resident prior to disposing of the...

How much income tax has to be paid by a business owner which has a annual profit of $20,000 to $40,000

There are too many variables to be able to answer with any accuracy. You should engage an accountant to help with filing and paying taxes. If the...