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Recent Corporation questions

I need to know what kind of an action to be taken in terms

Hello ThereI need to know what kind of an action to be taken in terms of filings with secretary of state: The case scenario is as follows:Three people together formed a C corporation from Delaware state in August 2016. Three of them have elected a new Board of Director in Dec 2016 and the previous 3 directors resigned.

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INFOLAWYER

Attorney

Juris Doctor.

40,204 satisfied customers
When a corporation is in your name do you have to do

When a corporation is in your name do you have to do corporation taxes before personal income taxes if you haven't taken any money's from corporation and corporation hasn't made any money?

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LawTalk

Attorney at Law

Juris Doctor

35,884 satisfied customers
Want to know how can affect a person personal finances that

Want to know how can affect a person personal finances that obtain a EIN number for a business, if something goes wrong with the businessJA: What state are you in? And have you consulted a local attorney?Customer: Ca, and we haven't done it yet, we are looking into all the optionsJA: Has anything been officially filed? If so, what?Customer: Yes we have file with the state the formation of the company, now we need to get other forms fill up and we need to obtain a EIN but before we obtain one we want to know how it will affect the person obtaining the EIN in his or her personal finance and obligationsJA: Anything else you want the lawyer to know before I connect you?Customer: No for now. Thanks

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Richard - Bizlaw

Juris Doctor

10,860 satisfied customers
When a business is sold do the employee contracts transfer

when a business is sold do the employee contracts transfer to the new owner or do new contracts have to be signed?

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39,066 satisfied customers
I own an LLC in Florida. This LLC holds title to a property

Hello,I own an LLC in Florida.This LLC holds title to a property that is about to be foreclosed. We reached a settlement with the bank and are about to receive a check from them. They asked us to fill out a W-9 form which essential asks for our EIN or Tax ID#Here comes the tricky part: We own one LLC which we call the "umbrella" company. In order to not have all properties we own under the same LLC (protect ourselves) we were advised long ago to open separate LLC's for each property and they would all be managed by the umbrella company. And so I did.Each year we do only one tax return for the umbrella company.How should I fill out the W-9? I did it one time with the name of the umbrella company on it but the bank came back and said it has to be the name of the defendant. But the defendant - the LLC that is under the umbrella company does not have a TAX ID#..... what should I do and are we doing this all wrong?By the way a few days ago I did a DBA for the LLC in question.... I don't know if that helps.Thank you.

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KJLLAW

Juris Doctorate

1,942 satisfied customers
Thanks! just to recapitulate 1. I set up a (Wyoming) LLC in

thanks Richard!just to recapitulate1. I set up a (Wyoming) LLC in Feb 20172. In my operating agreement I mention "first year's operation will be funded by its single member advancing website costs as his investment"3. I do nothing in 2017, except somewhere in a notebook recording my expenses on the website4. In 2018 when I file my Personal taxes, I note the website expenses in Schedule CDoes the above sound correct ?You mention "You would account for your expenditures on behalf of your website as your investment and the expenditures as expenses of the LLC", I am confused about the"and the expenditures as expenses of the LLC" part. Where would I mention those, in a separate business tax form ?

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Richard - Bizlaw

Juris Doctor

10,860 satisfied customers
I want to find out how a corporate entity owned by

I want to find out how a corporate entity owned by non-physicians can acquire a medical practice in Texas, if at all.JA: Has anything been officially filed? If so, what?Customer: noJA: Anything else you want the lawyer to know before I connect you?Customer: Yes. The medical practice has one retiring physician, and we would need to replace that physician with a new physician. That is int.

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Irwin Law

Juris Doctor JD

9,504 satisfied customers
I want to write a letter to rent reduction letter for my

I want to write a letter to rent reduction letter for my business. Do you have any idea?JA: Because laws vary from place to place, can you tell me what state the property is in?Customer: I'm in MarylandJA: Has anything been officially filed? If so, what?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: I want to give him some reason

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RGMacEsq

Doctoral Degree

24,022 satisfied customers
I JUST OPENED A NEW BUSINESS AND IT IS AN LLC. A COURT HAS

I JUST OPENED A NEW BUSINESS AND IT IS AN LLC. A COURT HAS ISSUED AN ORDER TO ***** CAN THE COURT ATTACH THE COMPANIES BANK ACCOUNT?JA: Can you tell me what state the LLC is registered in?Customer: MICHIGANJA: Has anything been filed or reported?Customer: THE COMPANY HAS BEEN FILED.JA: Anything else you want the lawyer to know before I connect you?Customer: THE SUIT IS AGAINST ME PERSONALY AND WAS GOING ON BEFORE BUSINESS WAS OPENED.

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226 satisfied customers
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