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Recent S Corporation questions

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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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

1,918 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 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
I have a website, which might one day generate money. At the

Hello,I have a website, which might one day generate money. At the moment I want to use it for showing it to interviewers ( I am a programmer ). I want to have liability protection, in case someone sees my website and thinks it is similar to their idea or what not, basically if someone trying suing me in regards ***** ***** web project. Now I want to start a single owner LLC to get the liability protection, but it seems that to get the protection I would need to get the LLC's finances separate and minutes etc. , so that a suing lawyer will not be able to breach the corporate veil.My issue is that I am not planning to make money from the web site/project anytime soon, and I don't see it making sense that I open a bank account for it now, and create minutes for meetings.What is my best bet to get liability protection on this project which is non-profit for now and the near future? thank you

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Phillips Esq.

Attorney

Juris Doctor

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Is it possible you could find the legal definition in

Hello,Is it possible you could find the legal definition in Missouri for "research" and "institute" as it pertains to RsMO 340.216(7); I have found definitions in federal case law for "research" but not the individual word "institute".Thanks

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Ely

Counselor at Law

Juris Doctor

67,970 satisfied customers
Trying to discover if it is now illegal for an RN to own a

Trying to discover if it is now illegal for an RN to own a Medical Spa and have a Medical Director to over see orders. Myself and several other RN's own several spas. And we had been under the impression that having standing orders for treatments and medical oversite was enought please advise or point me in the right dirtection for reserachJA: What state are you in? And have you consulted a local attorney?Customer: TX, DallasJA: Has anything been officially filed? If so, what?Customer: No nothing, I am just doing reserachJA: Anything else you want the lawyer to know before I connect you?Customer: no

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Ely

Counselor at Law

Juris Doctor

67,970 satisfied customers
I am a physician and transitioning in my work from Hospital

I am a physician and transitioning in my work from Hospital A, which pays me as an independent contractor (ie. no taxes are withheld from my monthly salary) to Hospital B, which pays me as a 'semi-employee' (ie. unemployment/medicare and tax payments are automatically withheld from my monthly payments, though unfortunately I receive no health insurance/overtime pay and I work on an 'as needed' basis for Hospital B month to month).For my work at Hospital A, I have formed an S corporation to receive payments and protect my assets in case of medical negligence.-Does the manner in which I receive payment for my services (as described) impact whether or not my income/assets are protected by my S corporation? I would assume with the services I perform for Hospital B my assets are not protected, because I am receiving payments as an employee in my name as described.-If this is correct, and my assets are not protected for services I perform with Hospital B, how do I change this? Is it mandatory that I receive payment as an independent contractor or can my corporation receive payment for my work at Hospital B as an employee?

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John

Attorney

Doctoral Degree

8,626 satisfied customers
I am not a MD or NP however I am very interested in

Hello, I am not a MD or NP however I am very interested in investing into a medical practice. Is it possible for me to invest in a practice if I were to hire a MD on as a Medical Director?JA: Has anything been officially filed? If so, what?Customer: No, just in the exploration phase, and I would like to start in Illinois.JA: Anything else you want the lawyer to know before I connect you?Customer: no

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

114,152 satisfied customers
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