Can C-Corporation compensate personal living expenses of the sole shareholder?
A corporation's use of its funds for the personal expenses of a shareholder is generally treated as a distribution. The corporation may or may not...
Business Lawyer
Practice Areas: Business, Tax
A corporation's use of its funds for the personal expenses of a shareholder is generally treated as a distribution. The corporation may or may not...
If all of the LLC's business truly takes place out-of-state then CA can't require the LLC to obtain a "doing business" certificate or pay CA taxes....
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It's not entirely clear what transaction you're engaging in, since a "DBA" is not a legal entity. Therefore, it appears that you're converting...
"Linking" -- or having some formal arrangement between NFPs and for-profits -- is relatively common but highly complicated. For example, NFPs...
Yes -- being "inactive" from a Secretary of State perspective does not per se invalidate the corporation or its activities.
Your question is as much a math question as a legal one. Have the corporation issue for cash the number of shares that permits you to retain 51%...
You can ask him for your share of the refund. Based on what you've described, it doesn't appear he done anything wrong -- unless you didn't sign...
The tax reporting for this settlement will be very complicated because the taxability of settlement receipts depends on the nature of the claim,...
On your first question, "no," taxes and tax returns are confidential and not available as a public record. On your second, it depends on the...
The LLC will need an Operating Agreement that addresses the split of profits and losses, as well as a host of other items. These agreements are not...