They can deposit money into their personal bank account but they shouldn't. It will mix funds and accounting and taxes will be challenging. They can also be accused of wrongdoing.
what isa personnel director?
Your personal corporation or one you work for? In either case, it should be possible for child support payments to be diverted from payroll or proceeds for the purpose. If this is not your personal corporation, rather a company you work for, speak with the human resources director where you work for information on having child support deducted and electronically transferred to the child support agency in your area.
You mean a stockholder in a Corporation...of course. His stock in the corporation is part of his BK as is anyother asset.
Not at all.
.limits personal risks for investors::
Usually not, that is one of the main reasons businesses are incorporated. The corporation becomes its own entity and the officers are shielded, to a certain extent, from personal liability for the acts of the corporation.
LTD represents the term limited. It means that the attorney is incorporated. In the US you would see PLLC or PC. That means Personal Limited Liability Corporation or Personal Corporation.
Improper use of your personal data is an invasion of privacy
To the extent of your personal guarantee for the corporate debt, or if both you and the corporation borrowed the money, you will not owe anything if the debts are discharged in your personal chapter 7. If the corporation has any assets, it will be subject to lawsuits and attachments by the creditors. You should discuss the situation with an experienced bankruptcy attorney, as it may be better to wind up the corporation before filing a personal bankruptcy.
In my opinion, a good source for personal financial advice would be CNN (http://money.cnn.com/pf/) or your investor. As a newly married couple, it might be best to visit an investor to help get the couple set up and started in good, long term investments.
He can but should not. A personal guarantee defeats any corporate shield against seizure of personal assets.
Yes, if you include the guarantee you made to the creditor in the bk.
Yes if you are the sole stockholder
If a corporation has elected sub-S tax status (corporate profits are passed through to the stockholders and taxed on their personal returns), the K-1 is a form isuued by the corporation to the stockholder indicating the amount of income from the corporation that the stockholder should report on their personal return.
The main duties of a secretary to managing director are to provide clerical and secretarial services to the director. The secretary will in most cases serve as a personal assistant.
Of course they can't, it's a personal guarantee.
Advantages of corporation include protected assets and heightened credibility. Disadvantages include loss of a personal touch, and ongoing expenses.
WikiAnswers does not provide personal contact information.
PC means personal computer PC after a company name means Private Corporation, not personal computer