I'm about to start a used car dealership in the state of
Hello,I'm about to start a used car dealership in the state of Alabama. My question has different parts to it.1- What type of corporation should I open? LLC, S-corp, etc...and what type of taxes I'm responsible for and how do I report them?2- What is my legal responsibility if someone test driving one of my cars hits someone and caused them physical disability or death or caused property damage to others?3- Regarding the business name, I want to name my business "Titan Auto" but when I search the business entity records for Alabama I find a business called"Titan Auto Insurance of New Mexico, Inc." so does that mean that I cannot use the name "Titan Auto"?
If I am named a sole successor of a 501(c)(3) can I live
If I am named a sole successor of a 501(c)(3) can I live there with my family and continue the mission of the nonprofit? Can I purchase the property from the nonprofit after I do that or should do it before? What's best and can I buy the property from the nonprofit if I become the president?
Wondering if I start a for profit business venture that
Hello. Wondering if I start a for profit business venture that creates a magazine and then I partner with a 501c6 as a main sponsor of the magazine, can the President of the 501c6 be an equity partner in my for profit that's producing the magazine? this is in MinnesotaJA: Has anything been filed or reported?Customer: no. just an idea right now.JA: Anything else you want the lawyer to know before I connect you?Customer: Is there a charge to be connected with a lawyer?JA: You just pay a $5 deposit now and the rest only when you get a reply from the Lawyer. All of this is 100% satisfaction guaranteed, so you can get a refund if you're not happy for any reason.Customer: How much is "the rest" ?
Here is my plan and questions: I'm buying a house or condo
Hello,Here is my plan and questions:I'm buying a house or condo conventional loan on my name. I will live there for a few months, I then want to sell it and with profits as I'm buying an REO I want to purchase another property and resell and possibly doing it again. So I plan to open an LLC so that profits of those transactions stay with the LLC (lower tax obligations), at some point all that money will be used for a business (non-real estate related)... so1- When and how do I transfer ownership of a condo/house to my LLC? Does it have to be at closing or is there a "no later than" type time frame?2- The loan stays in my name but legally the house would be under the LLC's name, so when selling it would profits belong to the LLC??...., that is the goal so profits don't hit my personal tax but stay with the LLC, am I right?2- One of the reasons for having an LLC is that for future property transactions I might receive money from a friend (investor) and I want to be able to receive his money and later pay him back and his profit via the LLC so I don't get hit with the profits on my personal taxes., I do want to have the LLC under my name only, he would just be an investor, does it sound like the right wet up??
I am looking to acquire an inn to both live in and operate.
I am looking to acquire an inn to both live in and operate. While my wife and I both have management experience and institutional knowledge (MBA), we do not have hotel management experience. We have the 20% that would be needed to put down, however are running into an issue with SBA backed loans needing that direct experience. The seller is going to remain down the street and actually we will be acting as a property manager for him, renting out a property that is adjacent to the inn and splitting profits. In order to acquire a loan we were thinking of asking him to be a limited partner with no liability and no monetary stake in the company. We'd like to get some thoughts on how this would work before talking to the seller about it and involving a lawyer.
I am the Founder and Director of a San Diego based
Greetings,I am the Founder and Director of a San Diego based non-profit organization.I am dissolving the organization in the near future.The question pertains to the website which I paid a developer out of my pocket to create for the non-profit companyOnce I close the organization, I would like to retain a lot of the material on the current website of the non-profit (For my new company) which will be a sole proprietor company.Do you for-see any problems here?Thanks!
The question is about secretarial/administration duties for
The question is about secretarial/administration duties for a nonprofit organization. I would appreciate some thoughts on what would be the most appropriate/advantageous/normal solution to perform such duties: a) a secretary role in the board, b) a secretary hired full time job c) outsource to a company specialized in office stuff.Also, where to look for specialized people/companies and where to find a template for requiremenents specification for such a job to be used in an open tender?