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Can a multi member LLC loan money to an S Corp? Both
Can a multi member LLC loan money to an S Corp? Both companies are made up of the same two partners. The LLC owns the building that the S corp rents from...and the LLC refinanced the building and used… read more
Lev
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I am located in NJ. We are planning to start a online
Fred Fred: I am located in NJ. We are planning to start a online business. LLC is the most flexible. We like to start an Single Member LLC and in the future add a new member. What I was told that you … read more
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Recently a Single-Member LLC that I owned, I transferred the
Recently a Single-Member LLC that I owned, I transferred the ownership from myself to 2 Holding Companies. I own one company and a friend of mine owns the other. The company is now a Multi-Member LLC,… read more
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IRS Tax Question: If a SS-4 LLC is registered as a sole
IRS Tax Question: If a SS-4 LLC is registered as a sole member, does an 8832 need to be filed for it to be a partnership or can partners be added at any time? Please provide good articles and IRS refe… read more
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I have a 2 member LLC for a really small business and not
I have a 2 member LLC for a really small business and not much business yet. We have decided that we will make this multi member LLC into single member LLC with just me. I would like to make the remov… read more
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I want to disband a Wyoming LLC and I have a few other
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Not sure if this is the right place to ask. Maybe you can
Not sure if this is the right place to ask. Maybe you can help. We recently changed from a partnership to a single member LLC on our current company. We are now creating a new separate multi member LL… read more
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I'm planning to file statutory conversion in Delaware to
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I have a business value question. We are a 4 man LLC
I have a business value question. We are a 4 man LLC software consultancy firm with an exiting member so we wish to buy out his shares. We elected as an S corp. this year. Our only assets are cash in … read more
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My small company ceased operations in 2011. We filed taxes
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I need tax advice on a proposed corporate structure and
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, Formed LLC in 07/2012 with two (50/50) members. We have not filed any taxes in
Hello, Formed LLC in 07/2012 with two (50/50) members. We have not filed any taxes in the first two years, we barely did any business and quite frankly we were "young" and did not really understand bu… read more
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Lev
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Good Morning Lev. Question on Entity Change. A sole ownership
Good Morning Lev. Question on Entity Change. A sole ownership LLC would like change entity and become a S-Corp. The LLC has an active EIN and my understanding form 2553 can be used to make that entity… read more
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I have a client with an LLC. THere were two members, and for
I have a client with an LLC. THere were two members, and for tax purposes they were a partnership. One member left at the end of May. Therefore no longer apartnership. What is best to do now? Does the… read more
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I am the manager of a multi-member llc. Over the past year
I am the manager of a multi-member llc. Over the past year I have covered all of the llc's expenses (including paying employee salaries, vendors etc.) out of my own personal pocket. Now we have some i… read more
jgordosea
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I am still working on how to report the Single member LLC converted
I am still working on how to report the Single member LLC converted to a multi-member LLC for 2011. You previously gave me good advice however the situation is more complicated. Here are the facts: 1.… read more
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Morning,I am working as a producer on a film called THE
Morning, I am working as a producer on a film called THE THREAT OF SEX. (it's PG;) It is an LLC taxed as a Sub S corp. To make and promote this feature we have to sell off 120,000 in membership shares… read more
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How do I add or remove a member to a Maryland multi-member
How do I add or remove a member to a Maryland multi-member LLC? I do not believe member information is submitted to the government with articles of incorporation so is this simply something that is do… read more
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