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I would like to know if it would be better for me and my
Hi. I would like to know if it would be better for me and my partner to form an LLC or S Corp for our small business. We are in California. Both of us have jobs on W2s as well. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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I started a Home Based Business, a MLM type of business,
Hi, I started a Home Based Business, a MLM type of business, where I purchase product thru a website that I pay for (and pay taxes for said items at the time of sale), then I resell. I get a % of the … read more
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I have about 5 or 6 questions that I'd like to speak with a
I have about 5 or 6 questions that I'd like to speak with a CPA about in california for my small business I recently started. … read more
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Quickest and easiest way to make my business incorporated..I
Quickest and easiest way to make my business incorporated..I am a contractor..also would that make my taxes less at the end of the year?… read more
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I am starting an E-commerce business with drop-shipping
Hello! I am starting an E-commerce business with drop-shipping products and possibly not drop-shipped products in the future. I want to create an LLC, but not sure which one. Can you help? … read more
Mark Taylor
Mark Taylor
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My fiance recently started a new job as a 1099 contractor.
My fiance recently started a new job as a 1099 contractor. We want to create an S corp as a pass through entity and pay her a salary given she will make north of $100K. Once this is set up, can her cl… read more
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I am forming a new business entity and am having trouble
I am forming a new business entity and am having trouble choosing between an S Corporation and an LLC. I will be sole-owner (100%) and do not expect to need to raise capital. The business is headquart… read more
Mark Taylor
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I could use some help in determining the correct business
Hi, I could use some help in determining the correct business entity (LLC or S-corp) … read more
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Brian Michels
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I am trying to figure out if there is a simple way to
I am trying to figure out if there is a simple way to convert salary vs. being a consultant. I have the potential opportunity to become a consultant so I can be paid by a second company instead of jus… read more
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I have a investment property with my bother. We are thinking
I have a investment property with my bother. We are thinking about putting it in a LLC but would like to know the tax benefits of doing so if there are any?? In the past we just split all the income a… read more
Mark Taylor
Mark Taylor
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My wife may start working for a PR firm as an independent
My wife may start working for a PR firm as an independent contractor. What additional tax liability do I have and is there a benefit to forming a business entity for her. I work as a salaried employee… read more
Mark Taylor
Mark Taylor
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I'm starting a new business that will be selling products
I'm starting a new business that will be selling products online, projected to do around $100k/mo in revenue minimum. I live in California. Is it better to form a LLC or a S-Corp? One owner.Thanks!… read more
Barbara
Barbara
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My question is, if my wife receives an advance in her salary
Hello, My question is, if my wife receives an advance in her salary at the end of the year and puts it into the company we started to purchase materials needed for a project, can we right it off under… read more
Lane
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JD ONLY! Lane -- looking tax structuring advice. I have an
FOR LANE JD ONLY! Hi Lane -- looking for some tax structuring advice. I have an LLC that files Sched C as a disregarded entity. I am involved as a partner in another but the tax filings are much more … read more
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I am in the process of divorcing in Michigan. I own an LLC
I am in the process of divorcing in Michigan. I own an LLC and in December, my wife signed a settlement relinquishing all claims to the business. I have three related questions: Prior to the settlemen… read more
Stephen G.
Stephen G.
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I have an LLC and I wish calculate the distribution of profit.
I have an LLC and I wish calculate the distribution of profit. (I will file 1065 and K1 and Schedule E). Can you give me information on the rule and process for the calculation… read more
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My husband and I are trying to decide how to restructure his
My husband and I are trying to decide how to restructure his sole proprietor business. Should we hire me on? I work for him all the time. We're poised to convert into a c corporation, but we're nervou… read more
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I have a buisness on marketing and promotion. I just started
I have a buisness on marketing and promotion. I just started and filed S Corp but some of my partners in Las Vegas want me to switch to an LLC. I contract independent contractors and I am the only one… read more
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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