All Questions
35 questions
-4
votes
2
answers
83
views
Business in friends name
Let's say person A transfers all his assets including a large business to person B. Person B then "donates" a large amount of money to person A on a monthly basis for the rest of his life. ...
- 1,160
-4
votes
1
answer
76
views
Does online business, only using crypto currency have collect a tax bill before they can release funds back to an individual?
Online platform company, invest small amount of funds to earn a commission by reviewing items. If an item becomes to expensive you account goes negative and you have to deposit money to clear to ...
1
vote
1
answer
120
views
Can people legally perform services for others without declaring themselves to be an offical self-employed organization?
A person would like to provide home services for some of his neighbors.
Is it necessary to set up an official business and employ himself -- perhaps for purposes of sales-tax compliance?
-2
votes
1
answer
263
views
US: Using a fake name and profile photo to provide freelance services online - anything illgeal? [closed]
I want to anonymously perform freelancing services online, so I used an AI generator to create a picture of a human face and chose a fake name. That fake name is also the business name on my PayPal ...
- 458
-1
votes
1
answer
93
views
is reselling virtual "in game" items legal in the USA?
If I were to buy virtual in game items through third party websites which is against the game's TOS with bitcoin then resell them for more money is that legal?
0
votes
1
answer
80
views
Made an app, how to legally pay content creators and file tax exemptions
I’ve made an app that’s completely free to use and isn’t otherwise monetised, for now. That being said, I want to do a couple things that involve money:
For a campaign, I want to donate X dollars ...
- 117
2
votes
1
answer
132
views
What prevents a business from separating the liability and revenue into two separate entities?
I know holding companies are a common way to separate the liability of business operations from the assets of a company, but is there any legal reason why businesses don't take this a step further?
...
1
vote
2
answers
79
views
Is any software/product operated under a name a business?
If make an app and publish that I alone operate under a made up name, am I legally a business or an individual?
- 121
1
vote
1
answer
55
views
Do nonqualified stock options need term limits to be exempt from deferred compensation (409A) treatment?
Suppose that I want to build a startup with independent contractors and want to compensate them with non-qualified stock options (NSOs). I expect the business to take some time to stabilize and ...
- 195
0
votes
2
answers
366
views
Do non-US companies have to pay US tax just because they have US customers?
I just came across some US tax forms for foreign entities like W-8BEN-E and 1040NR which made me ask this question.
Suppose a company called Cool Stuff Ltd. runs some sort of online business serving ...
- 28.2k
0
votes
1
answer
77
views
Working for Spouses foreign company
My spouse and I currently live in the US. We plan to move back to my spouses home country, where we will live and work long term. Our current plan is to have my spouse start a company in the foreign ...
- 3
0
votes
1
answer
105
views
Tipping competing salon that unjustifiably sued us to IRS for misclassifying their former employees?
We are being sued by a competing business salon that in complaint filed with court alleges that their "former employees" conspired with us in stealing trade secrets (a.k.a. customer contact list). In ...
- 384
1
vote
3
answers
358
views
Can a founder 'gift' pre-existing assets to a company after hiring a cofounder?
I live in the U.S. Suppose that I create a company with a deposit of $10,000 and want to bring in a cofounder for an equity stake of 15% in this company. I have personal assets like computer code, ...
- 195
1
vote
1
answer
325
views
Can you avoid extra taxes by making your children the owners of your new business?
My father wants my brother and I to be the owners of his new business in my home city. The reason behind this is to avoid paying extra taxes, as my father already has many businesses in his name and ...
2
votes
2
answers
624
views
When do you need to request a W9?
I know that a W9 is required when paying over $600 to a US individual or company that is your vendor. What I'm confused about is why you don't need to request a W9 if you walk into best buy and have ...
- 29
0
votes
2
answers
2k
views
What is the 83b Election postmark filing deadline?
I am getting mixed opinion on how the 83b deadline is interpreted and need clarification, due to the potential financial implications.
Does the 83b election need to be filed 30 days beginning on the ...
- 1
0
votes
1
answer
21
views
Designer starting business and what area of laws to investigate
What arrears of laws would be best to investigate if I am trying to open a original design business (flyers, graphic tees, paper products)?
Contract law,Business law, Copyright law?
Specific ...
- 1,582
3
votes
1
answer
132
views
For products shipped across state lines, who gets the taxes?
Let's say a company registered in Delaware manufactures its products in Texas and sells them around the country online, and in person in New York.
What taxes, and from which state(s), apply when ...
- 2,225
1
vote
1
answer
157
views
What should you do if you mistakenly charge personal expenses to a company debit card?
If someone accidentally uses the business (LLC) bank account for a personal expense, what does he/she need to do rectify the problem from a tax/legal perspective?
Is it as simple as having the person ...
- 333
1
vote
1
answer
67
views
Non US company raised equity by issuing shares to non accredited investors,does re-domiciliation to Delaware cause retroactive breach of US laws?
As per the title I would like to know if anybody knows what happens if a foreign non -- U.S. company ( offshore ) raises equity by advertising and soliciting investors included but not limited to ...
- 11
-2
votes
1
answer
37
views
What can a lawyer do to make the government formulate better policies for tech startups? [closed]
In Nigeria, most policies by the government affecting businesses are antagonistic to the growth of businesses partly due to lack of knowledge on the path of the government about the country's and ...
- 1
2
votes
1
answer
97
views
How much are partnerships and LLCs really taxed?
Based on the IRS website, partnerships and LLCs being taxed as partnerships appear to only file (at the federal level) 1065 forms with schedule K-1 forms (for each partner/member).
If I'm reading ...
- 123
1
vote
2
answers
220
views
Is it lawful to discount products below its cost to sell other products on the same sale?
Suppose a company in Singapore buys some hardware for $100, develops some software for it, and wishes to sell the integrated solution for $200 to a foreign customer. The invoice lists the hardware ...
- 111
0
votes
1
answer
34
views
Why would I need a section 85 roll over in Canada during incorporation?
I want to incorporate in Canada, and a law student told me I should do a "section 85 roll over" to transfer the cash I want to use to operate my corporation.
its not a lot of cash, just 40-50k, but ...
- 3
1
vote
1
answer
43
views
Non-profit donations for organizational overhead
What percentage of a tax-exempt nonprofit's donations can be used for overhead costs in California?
- 11
0
votes
3
answers
185
views
Is this considered a tax scam in New Zealand?
Someone I know has led a business in New Zealand for a few years without paying any taxes whatsoever. He sold the business a few months ago and I'd love to know whether he is obliged to pay the debts ...
- 9
0
votes
2
answers
1k
views
VAT in B2B transactions between two EU countries
If I were to buy some equipment as a d.o.o. from a site that offers business to business (b2b) payment model, I was told I would not have to pay VAT on that equipment. Note that the shop and d.o.o. ...
- 103
2
votes
2
answers
720
views
Client wants me to sign a contract after 1 year of working together, cites US tax laws as the reason
I'm a software developer freelancer, I have a client I have been working with for a while now (a year on the last projects, but many years before as employer-employee) which recently cited tax-law ...
- 163
0
votes
1
answer
665
views
Filing business taxes with just a social security number?
I read this:
Every business that pays employees or is required to file any business tax returns is required to obtain an EIN.
Source: https://justworks.com/blog/itin-ssn-or-ein-whats-the-...
- 21
3
votes
1
answer
386
views
Is it illegal for Donald Trump to lie on his Financial Disclosures?
It is a very simple question, prompted by an assertion from a debate where one has claimed that he has lied on his financial disclosures, and that he is legally able to do this because:
It is not ...
- 183
1
vote
1
answer
262
views
Do DBAs file separate taxes than the proprietor?
NYS USA here.
I've been trying to answer a pretty simple question all morning, and have perused about a dozen articles or so like this one that come close to answering it, but don't quite get there.
...
- 387
1
vote
0
answers
71
views
Change an S-Corp to a Sole Proprietorship
A bit of background: I'm working towards building a business selling on Amazon. I've been doing this for less than 2 months, and have less than $200 in sales, whereas I've spent about $700 on this. In ...
- 11
11
votes
2
answers
6k
views
Why is PayPal blocking my account according to U.S. tax law, if I've a UK account only?
I've opened PayPal account for my business and in My Profile I've clearly selected the UK address. My phone is UK, my bank accounts are UK and the balance is shown in GBP. So this is very clear to ...
- 617
1
vote
2
answers
627
views
Can I expense a trip to a coffee shop (small business owner)
I own a small business and work out of my home. Sometimes I like to work out of a coffee shop for a few hours here and there.
Can I expense the coffee that I buy at a coffee shop?
- 259
5
votes
3
answers
4k
views
Cheapest country to form a business within the European Union [closed]
I am a Greek (freelancing) software developer interested in forming a company to be able to legally invoice my clients. Crazy taxes in Greece prohibit myself from running a company in my own country (...
- 59