I have 40% share of an S Corp, and would like to transfer /gift them to my brother as easily as possible. Do I need a bus eval?

After I published the above I realized that you will need to know about discounts on minority interests. You need to agree on the value of the...

I have 40% share of an S Corp, and would like to transfer /gift them to my brother as easily as possible. Do I need a bus eval?

Pamela’s advice is good as usual. Further thoughts: Unless the value is in six figures, you should not need an appraisal of the business. Your...

Employement breach

If you want an answer, you must tell us what the facts are. What does the contract say? I can't find a loophole if you don't let me see what if...

You should file a complaint with the FTC or the state board who regulates optometrists or both. They might retaliate temporaily but it would be...

My NJ LLC is a Debtor in an "Execution Against Goods/Chattels". I'm the Sole Member & work from home. Am I PERSONALLY protected?

No one can tell you whether you are personally protected since you have not given us enough facts. What is the basis of the claim that they are...

I purchased a company in Apr 2010 and am late on 3 payments. The seller agreed to extend the terms of the loan, by offering an

I assume you mean your "oral agreement" to amend. A verbal agreement is just one that uses words as do all written agreements. I agree with the...

What are the numbers for the Internal Revenue Codes or Rules that govern gift taxes and which code defines a gift?

Internal Revenue Code Chapter 12, Section 2501 et seq. Sec 2503 defines a "taxable gift." DISCLAIMER—This answer is for informational purposes...

I am a dentist of 18 years. My work is very very good and had my own business for years before identity theft closed it down.

Apparently you have got yourself into a scam shop that engages in all kinds of frauds on the public and their insurance companies. I hate to say...

I have LLC registered in DE and TX (same EIN). Should I fill out two 1120 forms for each state?

Followup: You did not say whether there are other members. If you are the sole member, then the LLC is a "disregarded entity" and need not file a...

Can I sue an uninsured motorist for hitting my parked car?

This question may be obvious, but don't you have uninsured motorist coverage on your policy? If not, why not? This acts like a policy on the...