Archived
My relative has three sole proprietorship companies A, B and C. Could he change C to a parent company of A and B?
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Answered on February 27, 2013
If he has three sole proprietorship he has three businesses; but, no companies. He form three companies with his three businesses. The creation...
Archived
Since September of 2012 I have been calling a machine shop to try to get a core refund deposit refunded. All the response I get
Clayton's answer
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Answered on February 27, 2013
Quit calling. Write one demand letter stating the amount owed and the date it has been owed since. Include a copy of the receipt showing you paid...
Archived
Asset protection when sued over construction contract
Clayton's answer
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Answered on February 27, 2013
Its never to late to talk to an attorney about asset protection. However, virtually nothing that you do now will protect your assets from existing...
Archived
How much of my company's profits can I send to charity?
Clayton's answer
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Answered on February 27, 2013
Corporate charitable deductions are actually limited by more factors than simple a percentage. The details take more space than provided to...
Archived
Can a person buy a used car and get title transfered in someone else's name .
Clayton's answer
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Answered on February 27, 2013
The facts not provided may control the answer to the question.
Can you buy a car as a gift and have it titled to someone else? Yes
Can you buy...
Archived
A material supplier has filed a civil lawsuit from 2010.
Clayton's answer
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Answered on February 27, 2013
1. File bankruptcy before they are due and simply respond with notice of filing bankruptcy. The action will be stayed.
2. Request a continuance...
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Archived
Do I need a Lawyer?
Clayton's answer
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Answered on February 27, 2013
It is possible though extraordinarily unlikely that a bank would issue a card without your consent. It is more likely that someone made a card or...
Archived
Will a spouse be entitled to both 401k and pension ?
Clayton's answer
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Answered on February 27, 2013
If this is a divorce question, all of the assets are before the court for an equitable distribution. If this is an estate question, the...
Archived
After a Trust Fund Penalty has been paid in full, can the IRS assess the remaining penalties to S-Corp owners?
Clayton's answer
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Answered on February 26, 2013
Mr. Hoffman has given you some sound advice. I applaud the efforts that you have already undertaken to bring yourself in to tax compliance. You...
Archived
Is advertising money from offshore gambling website money laundering?
Clayton's answer
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Answered on February 26, 2013
Money laundering is a focus of the FBI and Attorney General's office because of its role in allegedly supporting terrorism. More money laundering...
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