We recently formed an LLC in the month of June 2016 in
Hello All, We recently formed an LLC in the month of June 2016 in California and I received EIN# ***** well from the IRS mentioning that we must file the form 1065 on 04/15/2017, I wanted to know two things from the Tax experts and business Attorneys here in reference to the information received from IRS, the questions are as follows 1. Based on the IRS info should i consider the LLC tax year (Fiscal year) has been chosen automatically by the IRS as 01/01/2016 to 12/31/2016 and for the same i should submit the income tax returns in 04/15/2017 let me know if im wrong, also if the Fiscal year has been chosen automatically by the IRS as 01/01/2016 to 12/31/2016 like i said above what if i choose the LLC to be taxed as "C" corp now i mean in the month of August 2016, will this have any effect to the automatic fiscal year 01/01/2016 to 12/31/2016 election by IRS? I mean will they change the fiscal year? 2. should i also submit the returns to California tax board and pay $800 franchise tax as well for this calendar year ( 01/01/2016 to 12/31/2016 ) even though the LLC was formed in June 2016?
Am I going to be charged questions? I have a nonprofit
Am I going to be charged for the questions?I have a nonprofit science workshop running for the last 10 years. I charge the students to cover the materials and the space a pay the teachers help. The income is below 50000.Expenses are higher . I substitute some money'sNow I am into 74 years getting tired. The program is useful for kids ranging from 1-12.Some commercial people are asking me to have a partnership with themWhat does it mean.?should I proceed or not.reasons to proceed is if some money's come from partnerships ,I can hire a manager to continue the science workshop.My workshop web is www. Irvingartofscience.org
I am responding to a civil complaint revolving around a
Hello. I am responding to a civil complaint revolving around a breach of franchise agreement. I would like to assert a Misrepresentation by the Plaintiff on account of their claim of having 170+ locations. In reality it is closer to 80 locations, as several years back many of the franchisees withdrew from the corporation. That withdrawal resulted in a rather large lawsuit that I am considering referencing in my response. But, technically, those franchisees lost said case. Am I correct in assuming it would be unwise for me to reference a case in which the losing side and I have the same breach in common?
I need help understanding "Res Judicata/Collateral
I need help understanding "Res Judicata/Collateral Estoppel".I am involved in a civil case in which I am being sued for breach of a franchise contract. The plaintiff has thus far only demanded a monetary judgement of $220K. But, has made it know to me that they intend and expect to take possession of my business.In a previous case, in which a very large numbers of franchisee's withdrew from the company, as I have, only a monetary judgement was passed. Would the Res Judicata/Collateral Estoppel prevent something like a cease and desist from being issued?
I am in the midst of a civil lawsuit, in which I am being
Hello,I am in the midst of a civil lawsuit, in which I am being sued for breach of franchise contract. One of the things I want to bring to the forefront of the case is the poor character of the plaintiff.I have knowledge of an assault that took place at the hands of the franchiser/plaintiff, but I highly doubt that the victim would testify, out of fear of the repercussions. The victim is another franchisee under contract with the franchiser. What assurance could be given that he would be safe in giving a statement?
We are a Francise owner in Connecticut. Our franchisor has
We are a Francise owner in Connecticut. Our franchisor has an infringement policy that states you can't sell in another franchisees territory. After 2 infringement violations, you lose your franchise. We just won a complaint against a neighboring franchisee & have since found more instances where they have made sizeable sales in our territory. She just all of a sudden sold her franchise to someone else & corporate says we have no rights now that she no longer is the owner of the franchise. They say the new franchise owner is not responsible. Is there anything we can do to get some compensation from the sales she has made in our territory? Can we sue her?JA: Because laws vary from place to place, can you tell me what state this is in?Customer: ConnecticutJA: Have you talked to a lawyer yet?Customer: NoJA: Anything else you think the lawyer should know?Customer: We can get proof that she did business in our territory. And there are other franchise owners that think she has done business in their territories.JA: OK. Got it. 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 Corporate Lawyer about your situation and then connect you two.
A friend of mine has a kettle corn business which she
Good morning. A friend of mine has a kettle corn business which she operates at fairs and other events. How can she get started to make her gourmet type popcorn at home and distribute to markets without opening a business in a shop? She operates out of a tent that is totally enclosed, has passed inspections and follows all code regulations, and has a TFF health license. thank you