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I want to convert my Sole Proprietor to LLC using same EIN.
I want to convert my Sole Proprietor to LLC using same EIN.What are the pros and cons, of conversion and newly starting LLC with entirely new EIN?… read more
Lev
Lev
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If I have 3 businesses Dba LLC single member (sole prop) C
If I have 3 businesses Dba LLC single member (sole prop) C CorpWhen filing losses for all 3 business, does that mean that each business will have its own sets of losses. For example I've been told I c… read more
Lev
Lev
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Lane, My client is a 100% S-corp owner. He wants to add a
Hello Lane, My client is a 100% S-corp owner. He wants to add a 35% partner and create DBA company with new EIN so to report old S-corp and new entity (with additional partner) activities separately. … read more
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Lane
JD, CFP, MBA, CRPS
Doctoral Degree
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IRS tax Question: If you have 2 Series LLCs that are under
IRS tax Question:If you have 2 Series LLCs that are under one EIN, but they are 2 separate businesses (real estate and a gift store), can you put these businesses on 2 schedule Cs? Please provide good… read more
Lev
Lev
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IRS Tax Question Texas LLC: I am thinking about creating an
IRS Tax QuestionTexas LLC: I am thinking about creating an LLC in Texas, but I want to make separate divisions for each city for my photography company. Can I create an LLC for My Photography LLC as t… read more
Lane
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Go back to the previous questions. Since currently the C
go back to the previous questions. Since currently the C corporation is owned by the Canadian personally (100%) how can I convert the ownership to a Canadian corporation so the wittholding rate is 5%.… read more
taxmanrog
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If LLC taxed as S Corp (1) wholly owns another LLC (2) that
If LLC taxed as S Corp (1) wholly owns another LLC (2) that is a disregarded entity, and a 2% shareholder is on (2) payroll, should workers compensation be included in that W-2?Basically, a 2% shareho… read more
Lev
Lev
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I would like to know if a Parent company opens/invests in a
Hi,I would like to know if a Parent company opens/invests in a foreign Subsidiary, then does the parent company have to report the foreign subsidiary as an income in the USA? More information, I belie… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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How are you, Ok im starting a online business with my
Ok im starting a online business with my brother an we were gonna create a LLC in TN. The filing cost for TN is going to be around 400 where as here in MS its 50. Is there any diffrence then filing it in one state over the other? MS does a state tax and TN does not. … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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If there is a company that is already a C-Corp, can it be
If there is a company that is already a C-Corp, can it be acquired by a newly formed LLC and have the new LLC (Parent) file a Consolidated Return with the C-Corp effectively allowing the LLC to pass t… read more
ABC Accounting Group
ABC Accounting Group
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I need your help in deciding which way client should go as
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Jonathan Tierney
Jonathan Tierney
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The company was closed in PA in 2013 and filed final tax tax
The company was closed in PA in 2013 and filed final tax tax return. The owner likes to reuse the previous EIN number and company name for new company. Actually, the PA registration status is still ac… read more
Lane
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What is the federal tax effect(s) of having a S Corp create an LLC (disregarded entity) an
What is the federal tax effect(s) of having a S Corp create an LLC (disregarded entity) and conducting all business from LLC (100% owned by the original S Corp). The reason for the LLC is to later tak… read more
Lane
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Have an LLC taxed as a Sole (sch C filer) that has grown and
Have an LLC taxed as a Sole (sch C filer) that has grown and now want to put it into a S-Corp. The LLC (ABC ) has it's own EIN and know that I will need to setup my S-Corp and apply for a new EIN. Dur… read more
Megan C
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Option A a person on h1 wants to open 100% subsidiary of his
Option A a person on h1 wants to open 100% subsidiary of his foreign company in which he owns all stock and employ a green card/citizen as CEO.Also will be employing his wife to act as director (throu… read more
Robin D.
Robin D.
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A sole shareholder forms an S-corp this year + acquires 100%
A sole shareholder forms an S-corp this year + acquires 100% of the stock at formation, and signs an office lease in NY. Will the the transfer be subject to the NY transfer tax (because of the control… read more
Lev
Lev
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LLC organized by another LLC - what form to use for tax filing.
LLC organized by another LLC - what form to use for tax filing. (LLC member is another LLC)… read more
PDtax
PDtax
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S Corp is acquiring an existing company in another state. S
S Corp is acquiring an existing company in another state. S Corp desires to keep the existing company name intact so that the appearance of going concern is maintained. The question is: 1. Can the S C… read more
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