Get free answers to your Business Formation legal questions from lawyers in your area.
Last year I created an S-corp in NY after the suggestion for tax purposes by an accountant. What I didn't realize was that I needed to be a professional corporation first, and then elect S-corp status because I am a licensed therapist. I have income, bank/credit accounts, and a loan under the... View More 
answered on Jan 31, 2020
I would just start over. I am not sure what you would be merging. What assets are you talking about?
I am under the impression that New York doesn't allow for domestication, and because it is required in both states it wouldn't be possible as a result. Therefore, my only options would be creating two LLCs, potentially dissolving the original, or creating a foreign entity in CA. However,... View More
answered on Aug 7, 2019
There would be no reason to do this. It does not impact taxation or operations.
I don’t know was going on
answered on Aug 3, 2019
You can sue for your money back, or file a police complaint for consumer fraud.
answered on Jul 19, 2019
The short answer is no. But, there are tax issues in each state, and the matter will turn on the manner of payment. The most famous case on this involved the State of New Jersey against Lawrence Taylor the football player. The state sought to recover taxes for each game day in NJ based on his... View More
I intend to begin performing on the stage as well as sell my music and other media content via digital platforms: all under my name. On the longer run I intend to establish a company that will be specializing in producing media content, managing artists performances (primarily as a booking agency),... View More
answered on Jun 11, 2019
What is "gov legal name"? Do you mean your name? You actually need to trademark your name. While it seems odd, if your name is a brand, you need to protect it. Whether you incorporate at this point or not (and it generally is beneficial to do so), if your name will be the name of the... View More
I will be operating under a different name than my legal name and will be hiring independent contractors.
answered on May 28, 2019
If you are using a name instead of your own, you definitely should have it registered as a DBA. While you do not have to incorporate, if you are hiring people, you should. One is not necessarily an independent contractor just because you say so.
I have a small company that's registered as a C corp. Does it need to issue stock? If not, am I still considered the main shareholder?
answered on May 6, 2019
Someone has to be a shareholder. It is disclosed on the tax return. Thus, your question makes no sense.
A DBA
answered on Mar 26, 2019
You're asking for a registrability opinion (whether you can register your own trademark rights in the U.S.). Much of the answer depends on the DuPont factors that try to answer the question of whether your mark is likely to cause confusion with another registered mark. The simple answer for... View More
I am a starting film maker. I have 2 movies with their own LLCs (one with a partner/the other as a single member - so the one we are two managers/the single member, I am the only manager) - both films will add investors as members, but I need to file as a signatory, and purchase insurance. My... View More
answered on Mar 10, 2019
This is really more of a tax issue than a legal one. Thus, consult an accountant. That being said, I think the LLCs should be separate, and there should be no umbrella for both.
if not how do i withhold all my taxes? and issue a w2?
answered on Feb 22, 2019
If you didn't pay wages you can't issue a W-2.
A 1099 does not solve the problem and creates self-employment tax.
Make an estimated tax payment on IRS.gov or EFTPS.gov.
answered on Feb 21, 2019
As the year is over, it is too late for a wage payment as you did not withhold taxes. Therefore, issue a 1099. The tax issue is the same, as you will pay self employment tax on the 1099 income.
I am a co-founder in a company with 5 other partners. We all put in capital based on our % ownership. I also got 5% sweat equity for free, because I'll be working in the business. We now have a capital call to raise funds. They are factoring in my 5% equity (on top of by 10% ownership which I... View More
answered on Jan 17, 2019
It depends on the formation documents. If this is an LLC it is the operating agreement. If a corporation it is the shareholders agreement.
and how do i file it?
answered on Jan 5, 2019
You’ll probably want to file a 1065, given that you ended the year as a partnership.
I want to start making children's books, coloring books, workbooks and a kids animation Roku channel teaching the alphabet. how do I tie the new name to my old LLC And I already have a tax ID number for my LLC also.
answered on Dec 7, 2018
Sure, but all rules governing employment apply, like withholding, workmans' comp., etc.
(For example: County listed is New York but the business is in Brooklyn?) Does this affect submission for NYS publishing requirements ?
answered on Nov 29, 2018
It will effect publishing, but it is not really a big issue. It impacts nothing else. If you amend for something else, change it, but no reason to spend now.
They keep charging me even after I replaced my card
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