If there are two privately held businesses, one in a mature
If there are two privately held businesses, one in a mature market that is losing value, the other a successful business growing, both owned by the same person, what benefit would there be to an acquisition of the weaker company by the stronger company? I know the own wants to cash out and sell the weak company before it continues to lose value or become worthless, and saddle the other company with a note created by him to finance this acquisition, but since the owner already owns 100% of the stronger company (which is now being saddled with debt to make the acquisition), the owner could achieve the same result by continuing to run the two companies separately and simply forcing the stronger company to take out a note to pay himself whatever he wanted, or pay himself bonuses to equal whatever money he wanted. Is there a tax benefit for this acquisition or perhaps it could be used to somehow hamstring one of the productive partners in the more successful business (there is no equity sharing at the stronger company, just compensation based on profitability).
My friend sells jewelry and wants to expand her business to
My friend sells jewelry and wants to expand her business to sell online - and has asked for my help (since this is the area I know)I am just trying to figure out what would be a fair arrangement between usShe would be responsible for the design and manufacturing and I would be responsible for building the website and growing and expanding online sales.How would you structure this fairly?
I want to form a 501 c3 non profit organization to help the
I want to form a 501 c3 non profit organization to help the underpriviledged prisoner's and families, to help, keep them communicating by phone, visiting, and sending care packages. i need to know if I can accept donations legally cash, also having people donate material items that I may sell. Do I need a business dba as well , to go along with my 501 c3 organization
I am currently doing due diligence on purchasing an existing
I am currently doing due diligence on purchasing an existing pet supplies store in Richmond, Virginia. LOI was signed two weeks ago. The business is located inside a somewhat old shopping centre. The lease was renewed early this year for three years. I'd like to know if I should have the store inspected? If yes, then when should be a good time to perform that and should be assets need to be inspected as well?
You just answered my other question. I tried to tip you and
You just answered my other question. I tried to tip you and it said It still has my card information incorrect. I don't understand. My question is if I do leave the job, as the sub without contract, can I still collect what they owe me to date, and if they sue me for what it costs them to complete the job, since they breached is the reason we leave / left the job, (we have not left yet) we can sue them for suing us and that is for damages at that point correct?
I have a business that I would like to franchise. I
I have a business that I would like to franchise. I understand that I need to register with the federal and state government to become a franchisor, but I'm unclear on some of the rules regarding the permitted fees. My cousin would be my 1st franchisee. Instead of charging him a franchise fee, I would like to charge him a yearly royalty fee of 75% of the franchise's yearly profit. He agrees with this. It would be fully disclosed on our franchise agreement. Would this be allowed or are there certain fee limits set by law?
I have a case where a parent company holds three LLCs under
Hi,I have a case where a parent company holds three LLCs under its roof. Each LLC has a separate FEIN number and the responsible party for each LLC is the corporate parent company. Moreover, each LLC is fully owed by the parent corporation and the operating agreement also mentions that the income and expenses flow to the parent company.My question: When we file the parent corporation tax return, should we file a consolidate tax return that includes the parent corporation and the three LLCs on it?Or,Do we file spate tax returns for the parent corporation and the LLCs? (all together one 1120 and three 1065). Or, there is no need to file 1065 since each LLC is a single member LLC owed by the corporation?Could you please clarify.Thanks!