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Can you sue the owner of an LLC if they stopped paying their bills?
Wiki User
∙ 15y ago
Yes under theft of services laws, if you provided a service to them. Or just theft if you sold them a product on credit.
Wiki User
∙ 15y ago
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When a company files as an LLC on a W9 form what would be the appropriate circumstance in which a disregarded entity would be chosen as the tax classification?
A disregarded LLC is one that is a single member LLC or Foreign LLC with a domestic owner that qualifies under Statute 30.7701-3 For an LLC that is disregarded as an entity separate from its owner, you must show the owner's name on the first name line. On the second name line, you may enter the LLC's name. Use the owner's TIN. Do not enter the disregarded entity's EIN.
Is a 1099 Misc form required for rent paid to a landlord?
I am the owner of a small LLC, and pay rent every month for a small office to the building owner. Am I required tom Ile a 1099 Misc to report this amount?
Do you have to file a separate federal or state tax return for an LLC?
It depends on how you have elected your LLC to be taxed. An LLC does not have its own tax return per se; it is taxed as either a sole proprietor, a partnership, or a corporation. If you have not made any election on how you want the LLC to be taxed, there are default rules: A Single-Member LLC (one owner): by default, is taxed as a sole proprietorship. In this case, the LLC would not have its own tax return -- its income and expenses would be reported on Schedule C of the owner's individual tax return (Form 1040). A Multi-Member LLC (more than one owner): by default, is taxed as a partnership. If this is the case, the LLC will file Form 1065 Partnership tax return. If the LLC does not want to fall into one of these two default classifications, they can also elect to be taxed as a corporation by filing Form 8832 "Entity Classification Election" with the IRS. If the LLC does this, they will file a corporate income tax return, Form 1120. The LLC can also elect to be taxed as a Subchapter-S Corporation by filing Form 2553 "Election by a Small Business Corporation" with the IRS. If the LLC does this, they will file an S-Corporation tax return, Form 1120-S. Most states do not require you to make an election on how you will be taxed, they simply say that they will follow whatever election that you make with the IRS. So, the first step is to determine which form you are required to file with the IRS and then you should do the same with the State. If you have not already done so, it would probably be wise for you to sit down with an Attorney or Accountant who can explain the pros and cons of each of these choices. Each tax structure has subtle differences and one may be preferable for you over the others.
What does LTL stands for?
LendingTree, LLC. has a business relationship with HomeLoan Center, Inc. dba LendingTree Loans ("LTL"). LtL is wholly-owned subsidiary of LendingTree,LLC .and is Independently Licensed as a mortgage lender and broker. Because of relationship this referral may provide LendingTree LLC. a financial or other benefit . ALSO IN SAME FORM HEADING AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT [Form 50393L1 Rev 12/04 "I,Ramon A Saucedo , hear this , Lending tree inc is , in business of home title owner power grab along with MERS, a "holding" company or "holdings" corporation fraud rip off a trespassing on owner object title deed attacking the Principal I paid off my home and this , Shall never happen in USA and property owner taken easy all the do file with local county send fee plus form and now you the owner they fire as owner replacing you no at count register verify or know what f**k they d.. the fact are clear countrywide send bills bank od america home loans bank of america trade name (r) , one they fill they treated as owner you as a person un they dont care no verifey if i
Does a bank needs an operating agreement on all their llc accounts?
You need an LLC to open a business account that is operated as an LLC but you do not need the LLC Operating Agreement (that is for you and the members) but once you set up the LLC you can go to the bank. :) go to http://ellcoperatingagreement.com to learn more!
Who owns an llc?
an LLC owner.
If I buy my partners 50 percent share of our LLC and become sole owner should I chance to a different structure than LLC?
If you liked the LLC there's no reason to switch; an LLC can have a single owner.
Who signs w-9 when it is an llc?
The Business Owner if single-member llc, Accountant.
When a company files as an LLC on a W9 form what would be the appropriate circumstance in which a disregarded entity would be chosen as the tax classification?
A disregarded LLC is one that is a single member LLC or Foreign LLC with a domestic owner that qualifies under Statute 30.7701-3 For an LLC that is disregarded as an entity separate from its owner, you must show the owner's name on the first name line. On the second name line, you may enter the LLC's name. Use the owner's TIN. Do not enter the disregarded entity's EIN.
Who typically has to pay LLC taxes?
LLC taxes are typically paid by LLC members. These members include Single-Owner LLCs and Multi-Owner LLCs. The IRS treats LLCs like a sole proprietorship or partnership.
Is roman abramovic the owner of the known house investment LLC?
No, Roman Abramovich is not the owner of Known House Investment LLC. Known House Investment LLC is a real estate investment company based in the United States. Roman Abramovich is a Russian billionaire and owner of the English football club Chelsea FC.
Can a single member LLC company owner in the state of Iowa qualify for unemployment if the company has lost all their clients due to economic conditions?
Unlikely. Unemployment is insurance and you have likely not been paying those premiums.
What is a name for a business owner?
Another name for a small business owner is "proprietor." In the US, if the owner is doing business as an LLC, he is a "member."
What is another name for a small business owner?
Another name for a small business owner is "proprietor." In the US, if the owner is doing business as an LLC, he is a "member."
Who is the owner of la ceiba apartments in brownsville Texas?
Lgg properties llc
How do I dispute medical bills that the state Medicaid is responsible for paying?
Go to this website: Creditinfocenter.com This will give you instruction on how to dispute an account on your credit report. It is a simple process, but it will also take your patience. Good luck with this process! Wanda Improve Credit, LLC
Who founded nuvo sparkling wine?
Diageo & The London Group LLC (Raphael Yakoby is Owner of London Group) Diageo owns 70 % of The London Group LLC
