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Recent C Corporation questions
On a gh level, I understand the difference between an LLC
Dear Sir or Madam,On a high level, I understand the difference between an LLC and a C corporation or a full fledged corporation. However, if there is double taxation for corporations, why will any company form a corporation. Also if LLC is a simple structure and better of taxes, why is every company not an LLC. For example why large companies like AT&T, IBM, Facebook, Google, Amazon, etc. are not LLCs. Is there a difference when they go public or allocates shares before going public. I am being offered partnership in an LLC where all partners are US citizens.Ali
I am starting a new business and I am unsure what I should
I am starting a new business and I am unsure what I should become..I am a sole proprietor now, we want to become a LLC .Can you help me with the process? And is an LLC what I should become?We are opening a mobile bike shop which will someday be a brick and mortar bike shop.I want to be sure what I should become and how to do it.Thanks
Can some one who is non-resident of USA own a part of
Can some one who is non-resident of USA own a part of business establishment in USA ?Below is the scenario:I am planning to bring-in a restaurant chain which is outside USA to California. My franchiser want's to invest and hold 25% of the venture. He is a non-resident of USA. Can this be possible ?
I have a couple CA corporate law questions: My
Hello, I have a couple CA corporate law questions: My ex-wife and I owned a CA C corporation up until seven years ago when she quit, filed for divorce, and the corporation was abandoned. A business evaluation was done, a value was determined for the company, and I paid her half the value. Our final divorce judgment says that I'm the sole owner and we are to cooperate in transferring her share to me. I gave her a stock certificate for half the shares originally allocated to the corp and the bottom filled out to transfer the shares to me. She signed it and had a friend sign as a witness, but she didn't date it. So question #1, should I kick it back to her and ask that she date it? Does it matter? Then second question is what forms do I use to send a copy to the IRS and to the CA FTB so that is put on record with both feds and state? Thanks.
I 't have tax issue, I want to understand how to merge two
I don't have tax issueJA: The Accountant will know how to help. Please tell me more so we can help you best.Customer: I want to understand how to merge two c-corporations together and than move the one I have merged into CaliforniaJA: Is there anything else the Accountant should be aware of?Customer: one corporation has stock of the otherJA: I'm sending you to a secure page on JustAnswer so you can place the $5 fully refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and connect you two.
I have contacted the Boulder Clerk of Courts regarding theView more business law questions
Hello Richard,I have contacted the Boulder Clerk of Courts regarding the MOOT Order on my request for Extension of Time for the LLC until after the Motion to Dismiss is ruled on.The following were her comments:1) She said i needed to file a Motion for Clarification on the Order ASAP.2) In the motion she wants me to clarify that since I am the sole officer of the LLC AND the individual that I am making the request on behalf of the LLC.3) She also said the Law states that an individual/single officer LLC does not meet the requirements of a C corporation in regards ***** ***** an attorney to represent the LLC. In other words, if the Individual and LLC are the same entity, the both may be represented by the same - and in this case, she said that could be me, the individual.4) she mentioned that i should tell the court i am actively seeking councel but took that back when she referred to #3 above.Questions:Could you please clarify and find the court ruling that states an LLC and Individual are one entity.What are your thoughts on what the clerk said regarding the Motion for Clarification?Shall I send you a copy of the order stating MOOT?Thank you,Mardell