Business Law

Ask a business lLawyer. Get business law questions answered ASAP.

Ask a Lawyer,
Get an Answer ASAP!

Related Business Law Questions
I want to close down my Sub Chpt S Corp. I am the only shareholder
I want to close down my Sub Chpt S Corp. I am the only shareholder and the only officer. The Corp assets include $30K in a checking account and an installment note I hold with about $12K left for them… read more
Expert
Expert
I recently started a HVAC company with my husband. We are a
I recently started a HVAC company with my husband. We are a general partnership but we are filing as a joint venture. We live in TN and started our business in Nov. of 2015. What paperwork or numbers … read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,780 satisfied customers
Tangible Personal Property Tax/Estimated Assessment Received
Tangible Personal Property Tax/Estimated Assessment Received a notice from KY Dept of Revenue for not filing tangible personal property fax return. (year 2011-2012) together with estimated penalty, fe… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,780 satisfied customers
I am the CEO and major shareholder of a C Corp trying to get
I am the CEO and major shareholder of a C Corp trying to get approval for a late filing for S Corp as the company has taken a large loss in the first 8 months of operations and may not recover. So my … read more
socrateaser
socrateaser
35,656 satisfied customers
Hi, I am thinking about declaring bankruptcy for the business.
Hi, I am thinking about declaring bankruptcy for the business. I have three separate business accounts with a total debt of about $140K. But, I want to ensure I can protect my personal assets. 1) How … read more
BizIPEsq.
BizIPEsq.
Employment Technology & Business Lawyer
Doctoral Degree
375 satisfied customers
Forming a small corporation which will have three principals.
Forming a small corporation which will have three principals. I may function as the only person but they will be under contract for profits divided (3) ways. LLC or Sub-S?… read more
Thomas McJD
Thomas McJD
Doctoral Degree
6,425 satisfied customers
My question is: can being paid as a corporation versus being
My question is: can being paid as a corporation versus being paid as an individual contractor have tax benefits when most of the income is being used to purchase long term assets (real estate). Here a… read more
LawHelpNow
LawHelpNow
Attorney and Counselor at Law
Doctor of Jurisprudence
7,509 satisfied customers
I am an S corp. I am in a financial mess that seems untenable.
I am an S corp. I am in a financial mess that seems untenable. I have $56,000 between LOC and Credit card with the bank. I owe a supplier $22,000 and another approx. $8,000. The flow of money is very … read more
Dave Kennett
Dave Kennett
Doctoral Degree
25,741 satisfied customers
i had a tax audit by the pennsylvania dept of revenue, they
i had a tax audit by the pennsylvania dept of revenue, they said i owe use tax - on material i purchased - as a contractor- some 368000.00 -the corporation closes it's door and cease doing work. can t… read more
JerrySJD
JerrySJD
Attorney-at-Law
Doctoral Degree
189 satisfied customers
The president of my company in Connecticut is ill and wont
The president of my company in Connecticut is ill and won't be able to continue to work. Should he declare Chapter 7 and then dissolve the business? The company has credit card debt of @ $50,000.… read more
BartEsq
BartEsq
Attorney
Doctoral Degree
674 satisfied customers
I made the decision to close my business and file corporate
I made the decision to close my business and file corporate Chapter 13 Bankruptcy in 2010. Sub-S Corporation in Virginia with 5 ficticous names. The Chapter 13 Bankruptcy was filed March 2010 and fina… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
Hi, can you tell me if you own 100% the shares of a corporation
Hi, can you tell me if you own 100% the shares of a corporation in Florida, can the shares be listed in trust for your children? Also, if you file bankruptcy on that corporation, will the shares in th… read more
Richard - Bizlaw
Richard - Bizlaw
Juris Doctor
3,780 satisfied customers
I own a L3C which is treated as a LLC and want to buy 100%
I own a L3C which is treated as a LLC and want to buy 100% of the shares of a SUB S can the LLC buy the shares directly or is it better to buy the shares of the SUB S as an individual then convert bac… read more
Thomas McJD
Thomas McJD
Doctoral Degree
6,425 satisfied customers
a client has a S Corporation which is not doing well at all.
a client has a S Corporation which is not doing well at all. Lots of credit card debts personally guaranteed by the taxpayer and all assets are written off long time back using sec 179. In 2010 the ta… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
I am in the process of closing down a corp. that has about
I am in the process of closing down a corp. that has about $30K in outstanding debts. With the exception of a credit card with a $500 balance that I personally guaranteed and will be paid, the remaind… read more
Loren
Loren
35,934 satisfied customers
I have a very small C-corp (inc in CA). Our business went into
I have a very small C-corp (inc in CA). Our business went into the 'red' last year, and is still floundering. Assets are 1 digital piano (about $1,000.00 on Ebay), very used office furniture, and comp… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers
I am opening a startup residential cleaning business.
I am opening a startup residential cleaning business. Looking for advice as to the best type of business structure to setup (ie, sub chapter S corp or LLC). Which business structure do you recommend a… read more
Real Estate Expert
Real Estate Expert
Juris Doctor
1,970 satisfied customers
If my son files a chapter 7 bankruptcy for his personal &
If my son files a chapter 7 bankruptcy for his personal & his S corp (physical therapy clinic) can he start a sole proprietorship in another town in the same profession after bankruptcy since it's the… read more
Ellen
Ellen
Attorney
Doctoral Degree
21,737 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

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).

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Infolawyer

Infolawyer

Attorney

2,110 satisfied customers

Experienced lawyer

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

1,611 satisfied customers

Run my own successful business/contract law practice.

MShore Law

MShore Law

Attorney

1,233 satisfied customers

Drafted Negotiated and/or Reviewed Thousands of Commercial Agreements

RGMacEsq

RGMacEsq

Attorney

793 satisfied customers

Licensed Texas General Practice Attorney

Barrister

Barrister

Attorney

692 satisfied customers

17 years practicing attorney, JD, BA, MBA

Ely

Ely

Attorney

604 satisfied customers

Counselor at Law.

J.Hazelbaker

J.Hazelbaker

Attorney

393 satisfied customers

Experienced and trained in the area of business law.

< Previous | Next >

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

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).

Show MoreShow Less

Ask Your Question

x