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I am a sole owner of an Scorp. Along with two other friends,
I am a sole owner of an Scorp. Along with two other friends, we are looking at forming LLC to buy and sell real estate (flip homes)This LLC let us call it property LLC will have three members; My S co… read more
Asad Rahman
Asad Rahman
Attorney
J.D.
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My wife started the business as an LLC and last year changed
My wife started the business as an LLC and last year changed it to a Scorp. I run the business for her (non paid) and have set up a bank account and checks in the new Scorp. 1. Do I need to phase out … read more
lucy7368
lucy7368
Juris Doctor
763 satisfied customers
My wife an Scorp, not an officer or member my wife is. I've
My wife an Scorp, not an officer or member my wife is. I've been using my (her name is ***** ***** them) credit cards to float and finance her business. I pay them off every month from the business pr… read more
lucy7368
lucy7368
Juris Doctor
763 satisfied customers
We formed an S corp in Hawaii, with a local hawaiian bank
We formed an S corp in Hawaii, with a local hawaiian bank account. We have since moved to California and want to move our company here. What do we need to do?… read more
DamienJD
DamienJD
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My siblings and I want to pool our resources to start a
My siblings and I want to pool our resources to start a business. We were originally gong to form a close corp in wyoming and register it in NYS. However, we don't have a lot of capital right now righ… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,775 satisfied customers
I own a one person S corp. ( of this S Corp) This Scorp is a
I own a one person S corp. (I am President of this S Corp)This Scorp is a member in a three member LLC. (I am Vice Chairman of LLC)Say the LLC gets sued. I believe the LLC will provide the first level… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
S-corp created in CA - two owners thinking to create
S-corp created in CA - two owners thinking to create separate LLC under the S-corp for separate books -one moved to another State what is the best way to split but keep the brand / webpage / patented … read more
DamienJD
DamienJD
Attorney
Doctoral Degree
5,605 satisfied customers
BACKGROUND: I formed a SCorp 20 years ago in MI with
BACKGROUND: I formed a SCorp 20 years ago in MI with virtually no money (I think $100 or so). It was a consulting company run from home so no capitalization was needed. I took salary when I could and … read more
TJ, Esq.
TJ, Esq.
Juris Doctor (JD)
11,567 satisfied customers
I have a one person S corp. I do consulting work under this
I have a one person S corp. I do consulting work under this Scorp and this Scorp is a holding company in other LLCs (small businesses). In other words I participate as active partner in other LLCs thr… read more
PaulmoJD
PaulmoJD
Attorney At Law
Doctoral Degree
106 satisfied customers
I created a company XXXX Inc. in dec 2014 as a domestic
I created a company XXXX Inc. in dec 2014 as a domestic business corporation (in Minnesota state secretary website, there no option to create a scorp company ). Since its already been 1 year now. Can … read more
KLAW
KLAW
Juris Doctorate
2,511 satisfied customers
Hello there! I have received the following from Legal Zoom
Hello there! I have received the following from Legal Zoom in attempting to shift our llc to an Scorp. I am confused as to how this will affect our business. "It appears you own the name as Box Digita… read more
Dimitry K., Esq.
Dimitry K., Esq.
Attorney
Doctoral Degree
1,611 satisfied customers
I have a check payable to a S Corp of mine (100% owner) that
I have a check payable to a S Corp of mine (100% owner) that I have closed. I am the sole signator on the account. Is there a way to assign the payee of check on the back to another company that I hav… read more
CalAttorney2
CalAttorney2
Attorney
Doctoral Degree
8,845 satisfied customers
Hello I have 51% ownership Scorp in California. We have 2
Hello I have 51% ownership Scorp in California. We have 2 directors do I have any powers? I do not want to dissolve his partnership I only want to relieve his salary position because business is in re… read more
TexLaw
TexLaw
Attorney
Post-Doctoral Degree
4,347 satisfied customers
Hello I have a client that I performed contract work for and
Hello I have a client that I performed contract work for and I invoiced his S Corp for the services. He is the sole shareholder of his S Corp. He currently owes my S Corporation a balance of 100K as i… read more
socrateaser
socrateaser
1,031 satisfied customers
1. How best can you dispose of an s-corp medical practice
1. How best can you dispose of an s-corp medical practice with principal business in Maryland and second practice in DC. We want to change the practice to an LLC. 2. If there is a personal judgment ag… read more
KUMI95
KUMI95
Attorney
Doctoral Degree
17 satisfied customers
My partner and I are starting an online business selling dips
My partner and I are starting an online business selling dips and salsas. Next year we hope to expand our business by opening a specialty shop where we will be adding breads and swweets. We took a beg… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
In 2003 I opened a line of credit with Wells Fargo bank for
In 2003 I opened a line of credit with Wells Fargo bank for my lawn service Gro-Green Which is a S-corp. Becuse I am the president of the corp. With the economy in trouble, we lost most all the busine… read more
AlanM
AlanM
Law Degree
817 satisfied customers
Im partners in a California C corp and my partner(s)/ officers..
I'm partners in a California C corp and my partner(s)/ officers.. are drawing and paying for their health insurance from the C corp, the policy is under their own individual names and not under a grou… read more
lwpat
lwpat
Doctoral Degree
256 satisfied customers

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The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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