6 April 2021 | 8 replies
He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.
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10 April 2018 | 11 replies
LLCs (and LLPs) can be problematic entities for Canadians when dealing with the CRA if they are set-up as pass-through entities ... if they are being treated as a body corporate for taxation purposes, there will be less conflict with the Canadian tax authorities.I can't speak for Platinum as I've never worked with them, but I've worked with several others and brought through them.
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26 June 2018 | 15 replies
“Buyers are not just paying more for the same home; the mix of homes in the market is rapidly changing.”This is country-wide, but just imagine the rate it's happening at in Atlanta given the development, corporate success, announcements, cost of living, world class status, etc https://atlantaagentmagazine.com/2018/04/11/home-p...
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17 February 2018 | 10 replies
Working in the corporate world is getting tiring and I want to pursue what has always been on my heart, impact the youth in our county.
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19 February 2018 | 5 replies
I already have a couple of properties owned in a corporation — I agree it is a hassle, but after my next purchase I’ll have close to $2M in properties and I want to be as protected as possible.
24 March 2018 | 4 replies
GreetingsWe offer a wide range of financial services which includes: Business Planning, Commercial and Development Finance, Properties and Mortgages, Debt Consolidation Loans, Business Loans, Private loans, Home Refinancing Loans with low interest rate at 3% per annul for individuals, companies and corporate bodies.
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23 February 2018 | 1 reply
@Jim RobertsonYou should look to see if you are required to file a Texas Franchise Tax ReturnThe instructions indicate that corporations are required to file the return.
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22 February 2018 | 0 replies
This was after paying 3 different agencies over a total $5000, writing the IL State's Attorney, BBB and all members of the timeshare corporate office.
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23 February 2018 | 0 replies
how do i register a corporation when i know i will want other businesses under the umbrella?
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1 March 2018 | 10 replies
I'm a corporate finance professional and I invest on the apartment side where I currently own/manage 36 units down in Macon, Ga and looking to add another 40 - 50 unitds this year.