You can own anything you want when filing.
Filing married filing separately does not make you responsible for your spouse's debt. Each spouse is responsible for their own debts when filing separately.
When filing taxes as married filing jointly on a W-4 form, both spouses combine their income and deductions. This can result in a lower tax rate and higher deductions. When filing separately, each spouse reports their own income and deductions, which can sometimes lead to a higher tax rate and fewer deductions.
When filing taxes as married filing separately, each spouse reports their own income and deductions separately. This can result in higher tax rates and fewer tax benefits. When filing jointly, both spouses combine their income and deductions, potentially resulting in lower tax rates and more tax benefits.
Filing taxes as married but separately means each spouse reports their own income and is responsible for their own taxes. This filing status may result in higher taxes compared to filing jointly, as some tax benefits are not available. It's important to consider the specific financial situation before choosing this option.
When filing taxes as married filing jointly, both spouses combine their income and deductions on one tax return. This can result in lower tax rates and higher deductions. When filing separately, each spouse files their own tax return, which may result in higher tax rates and fewer deductions.
When filing for bankruptcy, you must list any assets you own regardless of their value.
"There are many great storage buildings to own. It really depends on which area you are looking in, how big of a storage unit you need and what price range you are looking for."
You can be locked out of your own unit the same day that you are late for payment.
Depends on the type of bankruptcy you are filing. Generally a personal bankruptcy does not effect your business, and vise versa. However, if your business is filing bankruptcy, a Chapter 11 reorganization will allow you to stay in business.
Generally, no. The storage company has a contract. The terms of that contract include the right of the storage company to put a lien on all the items within the storage unit, in the case of unpaid bills; to prevent items from being removed before the lien is satisfied at auction, the storage company places their own locks on the unit.
The cost depends on the size of storage you choose and the company that you choose. The prices are around $75 to $100 plus for a good siz storage unit. If you decide to have a heated unit then the costs will be higher but most people do not use that option as it is a luxury. The monthly cost for a storage unit will vary depending on the size of the unit and the facility. Most storage facilities are idividually owned and set there own prices.
Building your own filing cabinet is a great way to save money instead of buying your own. You can go to the website www.globalindustrial.com/c/storage/file-cabinets/blue-print to find out about these blueprints.
Finding out where to store all of your things can be extremely difficult. Luckily, there are many different options for storage: storage containers, storage shelves, and storage units. When you are looking for a storage unit, look for one that meets all of your needs. Ideally, your storage unit should be close to your house and should enable you to move things in and out easily. It should also be in a secure location and a good neighborhood with low crime ratings. If you're not ready to invest in a storage unit yet, you should look for storage within your own home.
If it is the S corp going BK it does not effect your personal assets, except to the amount you own in the S corp or co-signed loans for it.
In Michigan, whether you need a business license for a storage unit depends on how you operate the facility. If you own and operate a storage unit business, you typically need to obtain a business license and possibly other permits at the local level. However, if you are renting out a single storage unit as a personal endeavor, you might not need a formal business license. It's always best to check with your local city or county regulations for specific requirements.
Sure. That persons 1/3 interest in the property weill be included in the BK filing though.
You can own a facility, getting paid to let people store stuff in a unit or locker. You want to get as many people moved into your units at as high of a price is possible. Also, you can win goods at a storage unit auction and then sell them for a higher price. This is more risky.