QUESTION on How to Form LLC as Parent Company I am attempting to develop a business structure for a possible client and would like to ask if the following proposal is legitimate. The client owns 4 developed properties, each with equity and debt, all of which I would like to roll intro an LLC. My question is if this new entity can then be split off into 2 separate LLC’s, one … [Read more...] about How to Form LLC as Parent Company with other Separate LLCs
How to Use a Certified Constructor License of a Former Employee
QUESTION ON How to Use a Certified Constructor License of a Former Employee My husband and I have an S corporation in the construction field and provide services to licensed contractors by supplying them with skilled laborers in the Masonry field. We have a former employee that has gotten his Certified Contractors license, which my husband nor I have, that wants us to be … [Read more...] about How to Use a Certified Constructor License of a Former Employee
Forming an LLC and Electing to be Taxed as an “S” Corp
QUESTION ON Forming an LLC Taxed as S-corp Hello. If I form an LLC and elect to be taxed as a S Corp, will I be able to partake of the Self Employment Tax Savings as well as the management ease of a LLC? Single employee computer consulting - Pete Danner - TX ANSWER Dear Pete: You hit the nail right on the head. An LLC that elects to be taxed as an S … [Read more...] about Forming an LLC and Electing to be Taxed as an “S” Corp
Allowing Other People to Use the Name of your Company as their Own
QUESTION ON Allowing Other People To Use Your Company Name Hello, My husband owns a corporation and would like to add two men into his corporation. He doesn't want them to profit from his business, but he wants them to be able to work under his name and license, he is a Drywall Finisher and Painter. How would he do this and how much would it cost? Please let us know as soon … [Read more...] about Allowing Other People to Use the Name of your Company as their Own
How to Issue Stock on a Newly Formed C Corporation
QUESTION on How to Issue Stock on a C Corporation I am in the process of forming a C corporation. There is confusion as to how many shares of stock to issue, 75,000 100,000 5, (an even number). Also, should I give myself the majority of the shares and what amount should I give my wife and kids? Also, should I have my wife and I as joint tenants in common on the majority … [Read more...] about How to Issue Stock on a Newly Formed C Corporation
