Father and two siblings put farm into LLC (split 50/25/25). One of the siblings is going to nursing home and selling their membership units (25%). An agreed price has been established for units. Should the LLC buy the seller's units and then sell them to me? OR Should I buy into the LLC first? What... Read more »
You need to hire a professional. There's a few things in your question that are not correct in regards to how an LLC functions. You're going to need more detailed advice than should be given through this forum.
I wanted to establish a new type of charity sale. A seller would list items for sale and upon purchase the seller would deliver them to a charity designated within the listing. The seller would obtain a drop-off receipt from the charity and mail or message a copy to the buyer to use for their... Read more »
You are not asking general legal questions; you are seeking about $2,000 worth of free professional legal advice regarding the establishment of what appears to be a workable idea--if a lawyer is involved from the get-go. Suggest you hire a good lawyer and invest in their advice--before you make a...Read more »
You are not responsible for his tax debt. The IRS will not send you a bill because the debt is his not yours. The amount that he is telling you he owes is not unreasonable. Unless you or your children made over $4050 than he was allowed to claim the children if he was providing more than half of...Read more »
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