First you should establish the LLC, probably best in WI. To learn how go to: http://www.revenue.wi.gov/pubs/pb119.pdf.This also explains tax...

What's the liability here? Can this even be allowed to happen?

As I understand it the secret sale was a violation because approval of the Board was required. The Board then approved the sale at least tacitly...

Contract law question. Is either of these two clauses better than the other?

No. Neither of them is any good as it is just an option, an agreement to agree. How do you compel compliance? All TSN has to do to comply is say...

I am a 60% owner in an s-corp and my partner no longer participates in the business. What are my options?

There are actions you can take as 60% shareholder, but you must be scrupulously fair. This is because as majority shareholder you have the highest...

A gift to a relative is not taxed as income to the donee, but is treated as a gift taxable to the donor under the Estate and Gift Tax Law. No tax...

If I gave someone else permission to sign for me on the purchase of a business is it legal?

Why not sign the docs and deliver them to her now, just to be safe? To have another sign for you effectively, you need to sign a "power of...

Transferring S-Corp ownership to father...

I take this to mean that you will make a gift of your shares to her father. Before you do it, realize that this is not good estate planning. If...

Does this mechanic sound fish?

He could be fishy. Or he could just be disorganized. Why did you pay the bill? You could have held back part of it, even if you had to rent a car...

NV S Corp and Divorce

What is your question? If it's community, he is a joint owner. Upon division of community property, he is entitled to 50% of the value of the S...

Each Lessee shall be jointly and severally liable for all terms and conditions contained herein.

I haven't seen your two prior Q's. The lease provides for joint and several liability as between the landlord on the one hand and the tenants on...