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Recent Tax questions
I have a NY Corporation which I formed but never used (no
Hi,I have a NY Corporation which I formed but never used (no income, no losses), so I believe it's considered a dormant entity. However, NY Dept. of Finance sent me letters for some $60 in taxes. My accountant told me to ignore it and that they would eventually close out the corp, however, I now received a Warrant for that amount + interest. The warrant is addressed to the corp. and comes with a notice to judgment debtor where they claim they can garnish wages, freeze bank account, take personal properly, etc.Can they really take my personal money and property if this is corporate debt warrant, and how do I properly close this company so I can get the city off my back?Thank you.
On the advise of my business partner I was told it was okay
On the advise of my business partner I was told it was okay to just 1099 my employees and claim them as independent contractors but now one is suing us for not taking taxes out. She claims she was misclassified and that were we liable to have her listed as an employee. Does she have a case?
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
My friend has a tech support company in India. He wants to
My friend has a tech support company in India. He wants to register his llc in USA and wants me to work as a manager for his company for a fixed monthly percentage. He wants me to help him opening business bank account and merchant account in USA so money can be transferred from US business bank account to Indian business bank account. Is it legal to work with him as a manager for his llc and help him with bank stuff and transferring money?
Dwayne, You have helped me before. I am the inventor of a
Hello Dwayne, You have helped me before. I am the inventor of a new disposable bread bag closing device. My question today is:My business is an LLC, which was formed in Minnesota, but I have relocated to Connecticut. I have read online about the options to move my LLC to a new state, but I am not sure which is best. My company is still in start up phase and I have not done any sales yet. Would it be better to dissolve my current LLC and establish a new one in CT? If I follow this route, would it be wise to consider establishing another type of entity? I have thought that an S-Corporation would be wise in order to avoid double taxation and also because I want my wife to have shares, and perhaps have other partners in the future.
I'm not sure if have the right experts problem. I bought a
I'm not sure if have the right experts for my problem. I bought a used car for 7400.00 ,I put 2000.00 plus taxes and tags totaling 2355.00.I have a contract from the dealer stating I was getting financed through a bank for the balance at 9.5 % interest .I just got a letter from the bank stating that I was not approved at 9.5% because my score was too low but they could approve me for the balance for 30 months at 11.002 % monthly . I need to know what my options are. It seems to me like the contract I signed is invalid since the turned me down six days later.
I have an llc currently and i have some not so good creditView more business law questions
i have an llc currently and i have some not so good credit on the business file. If I form another llc with the same address, will this be a problem? and if it's ok, should i get a po box and use the physical address for it? thanks