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!
I have published some apps in Apple's App Store. And, for
I have published some apps in Apple's App Store. And, for publishing apps using encryption, I have got an Encryption Registration approval from BIS ("BIS" refers to U.S. Bureau of Industry and Security).According to web page http://www.bis.doc.gov/index.php/policy-guidance/encryption/reporting#One, I need to file a annual self-classification report for every year. The web page says that "A annual self-classification report for applicable encryption commodities, software and components exported or reexported during a calendar year (January 1 through December 31) must be received by BIS and the ENC Encryption Request Coordinator no later than February 1 of the following year.". So, it seems that the report should only include things exported or reexported.And, here are my questions: (1) If one of my apps that I have published in App Store is a free (can get without money) app, should the report include this app? I don't know whether a free thing may be "exported". (2) What is the exporting and reexporting with reference to? Is it the United States? (3) What does "reexport" mean? What is the difference between it and "export"?Please answer my questions. Thanks!
A minority but major shareholder in our llc lost a personal
A minority but major shareholder in our llc lost a personal case in civil court. We acquired his assets years ago before the case. The receivership is now trying to request the transfer of assets we acquire before the trial started and now owned by our company and several subsidiaries to satisfy the judgement. He still manages our digital assets as a service provider. The judgement case was in indiana but our operations is in florida and llc in delaware. They will requested the court to take our assets to settle judgement. Can we move to file a counter in Florida or Delaware after the Indiana court requests said assets, which some we dont own or control ?
A marketing company refers customers to a parent company.
A marketing company refers customers to a parent company. The marketing company receives a referral fee for referring customers. The referral fee is a portion of the purchase price. The parent company gives the customer a rebate as a security. The marketing fee and rebate given are two separate transactions on the same purchase. The marketing company is not an agent of the parent company in the issuance of the rebate/security. The marketing company deals in referrals to become a customer. Is the marketing company required to register as a securities dealer?
I'm starting a film production company with my brother and I
I'm starting a film production company with my brother and I want to know if I should go with C Corp., S Corp., or LLC? Considering that I will be creating an LLC for every film I produce under the umbrella of my production company.
I am a medical professional trying to setup an S-corp
I am a medical professional trying to setup an S-corp for my medical practice as well as a multimedia medical website that I run. My understanding is that a PC is required because of my practice, but I also wanted to see the best way to to structure the website into the corporation to maximize tax benefits and minimize liability.