What is my personal liability for taxes owed by a CA LLC?

None. An LLC is a limited liability entity, so the members are not responsible for its debts, not even its taxes, unless you made the mistake of...

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Does S Corp or LLC in California protect better?

Forming a corp or an LLC will not relieve you of your existing judgments or tax liens. Even if you have the entity assume them, you will remain...

I have stock purchase and stock restriction agreement as a part of a start-up. The stock certificate has not been given to me.

You would be better off having the cert if it comes to litigation, but I don’t think you need to worry too much. As the prior lawyer says the...

Stock Value-Arizona LLC 2 classes of stock

You cannot use an S corp, because the rules prohibit more than one class of stock, except that you may have both voting and nonvoting shares. ...

Pissed off Partner tried to ruin our company without my knowledge, what to do?

He has breached his fiduciary duty (the highest) to the partnership and to you as a partner. Depending on what your partnership Agmt says you may...

Can you be voted out of a s corp. in massachusetts???

Unless you have a good shareholder’s Agmt, you cannot force a minority shareholder to sell out. Since he is stealing you can bring an action...

When you buy a new business, does the LLC transfer to your name? or do you need to apply for a new LLC?

The point is that if you do a stock purchase the name comes with it, if an assets purchase, it does not. But that should not control the...

Both LLC's and C-Corps exempt from California $800 Franchise Tax the 1st year?

Taxation of C corps is covered on p. 6 in Instructions for Form 100 of the FTB. Go to http://www.ftb.ca.gov/forms/2010/10_100bk.pdf. No...

I am 50/50 shareholder in an llc and the only other shareholder wants to resign.

Assuming the situation is not controlled by your OA: As I understand it the one of the two members are in agreement that the one should leave. ...

My ex-boyfriend agreed to give me sole custody of our 4 yr old daughter. Can he claim her on his taxes every other year like

Where 2 unmarried parents seek the child as an dependent, the one who has custody for the most days of the year gets it. IRC 152(c). So you are...