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I recently created an LLC as the sole proprietor but I would
I recently created an LLC as the sole proprietor but I would like to classify it as an LLC S CorporationIs it ok to start using it as an LLC S Corporation immediately or do i have to change the classi… read more
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I request. I'm going to start an LLC and I contacted Legal
I request Richard. I'm going to start an LLC and I contacted Legal Zoom to form an LLC and then elect for it to be treated as an S Corp. They said they don't process the elect to treat as an S-Corp. T… read more
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I am trying to do some research on opening a LLC with my
I am trying to do some research on opening a LLC with my husband. We are both independent contractors and do freelance jobs. At the end of the year when we pay taxes, do both of our incomes combined g… read more
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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
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I need to speak with an immigration lawyer with business
I need to speak with an immigration lawyer with business experience. I have a question about setting up an LLC while being on an H1B Visa residing in New Jersey. 1. I'm on an H1B visa and I have an I-… read more
Law Educator, Esq.
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I have an sole priotership marketing business with one ein#,
I have an sole priotership marketing business with one ein#, with 3 DBA names and a bank account. If I was to one day form a llc Corp, how would I transfer my ein#, 3 DBA names, and my bank account to… read more
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I have purchased a commercial property 4 years ago on my NY
I have purchased a commercial property 4 years ago on my NY state LLC company name. I used this LLC only as a title holding company, the company did not have any commercial activity, no bank accounts,… read more
CalAttorney2
CalAttorney2
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I created an LLC and then renamed it and converted it to an
I created an LLC and then renamed it and converted it to an S-corp. The S-corp then became a C-corp. I want to make sure I'm not paying $800 annual fee for the LLC. To that end, should I dissolve the … read more
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I have 4 different income streams from an online business,
I have 4 different income streams from an online business, teaching, consulting and investments. None of these are employment. Would it be a good idea to form a Chapter S Corp and run all income throu… read more
Dimitry K., Esq.
Dimitry K., Esq.
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I started an LLC in real estate investing in 2010, and it was
I started an LLC in real estate investing in 2010, and it was taxed as a sole proprietor in 2010. In 2011 I changed the tax election to an s-corp. It's my understanding now there will be two tax retur… read more
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Im thinking of starting LLC in the state of New York. However
I'm thinking of starting LLC in the state of New York. However I'm wondering what the tax implication would be. Here's the facts of the business. The type of business I want to run is google adsense i… read more
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I just read where California is going to allow corporations
I just read where California is going to allow corporations to become an LLC, If my C-Corp elects to convert what happens to the loss carry forward? and would it become effective immediately where we … read more
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I would like to set up a senior non-medical care company in
I would like to set up a senior non-medical care company in PA and give my employees stock options when we have growth. Should it be LLC, S, etc ?… read more
wallstreetfighter
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I am partnership in a campground that is for sale. A s corp
I am partnership in a campground that is for sale. A s corp runs the business and a llc owns the land. The other partners are agreeable to a 2nd mortgage and I am not. (I'm out voted) Do I have to go … read more
Ellen
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Just so I am clear I can establish and LLC with the SCorp
Just so I am clear: I can establish and LLC with the SCorp holding majority shares since it is harder to collect on personal debts of a member/partner of an LLC? Does this mean that the LLC will be ta… read more
wallstreetfighter
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Is it just as easy to manage and maintain an LLC as it is to
Is it just as easy to manage and maintain an LLC as it is to be a sole proprietor? What responsibilities would I have as an LLC as opposed to sole proprietorship? I don't have any employees as of yet,… read more
wallstreetfighter
wallstreetfighter
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hi, my question is i am very interested in opening a business
hi, my question is i am very interested in opening a business online, i had gathered ideas on how to start, they say for me to be able to get suppliers i would need a tax id,(is it the same as m ss# X… read more
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wallstreetfighter
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I would like a high level assessment on the interactions and
I would like a high level assessment on the interactions and feasiblity for corporate entities . Senario: A "C corp" (let's say ABC Inc.) exists today and they have a DBA corp (DBA) set-up for marketi… read more
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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).

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