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Get And Sign Conversion Of A California Llc Into A California Stock Corporation Fillable Form 2008-2021
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FAQs
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What tax forms would I have to fill out for a single-owner LLC registered in Delaware (generating income in California)?
A2A - LLC are a tax fiction - they do not exist for tax purposes. There are default provisions thus assuming you've done nothing you are a sole proprietor.Sounds to me link you have a Delaware, California, and whatever your state of residence is in addition to federal.You've not provided enough information to answer it properly however. -
How do I modify an existing California general stock corporation into a professional medical corporation?
You should consult an attorney. You can’t do it easily, directly. If you are a medical professional, you already know that you shouldn’t be performing procedures outside your scope of expertise. This is definitely outside your area of expertise. Consult a professional and do it correctly.It will require a reorganization, which when you get done with it will be more difficult that just incorporating a new entity. If you want to keep the old corporate shell because it has NOL’s or credits, don’t waste your time. If the corporation ownership changes and or the business of the corporation changes, the NOL’s are not usable… they can’t offset income from another, new line of business.Consult an attorney. It will save you a lot of grief. Consult a CPA for tax advice. It will save you a lot of hassles and grief. -
What is the best state to create an out-of-state LLC when you live in California? How can I avoid registering this LLC in California as a foreign company?
The best state to create an out-of-state LLC when you live in California depends on how much complexity your LLC requires. If you anticipate getting investment, or doing more than $1Million in revenue the first year, or something akin to these types of complexities, then Delaware is probably the best state.If you realistically expect a couple of hundred thousand in revenue the first year at the most, will not have a lot of contracts to negotiate and enter into, etc., then Nevada is the place to go.You can avoid registering this LLC in California as a foreign company by not operating or doing business in California. You can sell in California, for example, as long as you are drop shipping from out of state or selling through a 3PL warehouse and the order receipt and fulfillment happens from outside of California. -
If I won the lottery in California and formed a LLC to claim the money, would I have to give my personal info out if I was acting as an authorized agent of the company?
A woman walks past a sign showing a Powerball prize of $999 million, the largest jackpot winnings that the Powerball sign can display, with the actual Powerball jackpot estimated at $1.3 billion, outside a deli in Washington, DC, January 11, 2016.SACRAMENTO — In the California lottery handbook for winners, officials offer a few suggestions to newly minted millionaires. Change your number. Stop answering your phone. And find a reputable financial adviser.That’s because along with the money comes 15 minutes of fame as the names of winners are required to be made public in California and many other states.All eyes are on the Los Angeles suburb of Chino Hills, where one of three tickets in Wednesday night’s record-breaking $1.6 billion Powerball drawing was purchased. No one has come forward to claim the prize in California.“We’re waiting for who this person is,” said Alex Traverso, a spokesman for the California Lottery.Traverso said large jackpots like the one in Wednesday’s drawing drive debate over whether the names of lottery winners should be made public. Past winners have complained of being besieged by con artists and swindled by friends.Millionaire slainCritics of the disclosure laws often point to the case of Abraham Shakespeare, who won $30 million in the Florida lottery in 2006, and three years later, was killed by a woman who managed his winnings.Andrew Stoltmann, an Illinois attorney who has represented winners, told the Associated Press that making winners’ names public is like “throwing meat into a shark-infested ocean.”But lottery officials say it’s important public information to ensure the drawings are transparent and to deter would-be cheaters.“We want people to know we have winners every day,” Traverso said. “If people don’t see people winning the lottery, then they won’t buy tickets. … The only time we hear talk of changing the regulations to allow anonymity is when we have jackpots like (Wednesday’s).”Besides Chino Hills, the two other winning Powerball tickets were purchased in Munford, Tenn., and Melbourne Beach, Fla. A Tennessee couple, John and Lisa Robinson, announced on the “Today“ show on Friday that they were the winners from their state.Tennessee lottery officials later confirmed the couple were the winners in an afternoon news conference. The family plans to take a lump sum payout of $327 million.Showed ticket on TVJohn Robinson, who pulled the winning ticket from his shirt pocket on the “Today“ show, said he realized he was losing his anonymity after the announcement.“Now I'll be nervous because everybody knows,” he said on the broadcast.All three states with winning Powerball tickets have laws requiring the identity of the winner to be made public. In Tennessee and Florida, the states’ lottery policy is to identify a person’s name and city of residence.California requires that a person’s name be made public, but not their city. Lottery officials include the person’s name, where the ticket was purchased and how much was won in press releases.“You aren’t compelled to do a press conference or have your picture taken, but we are going to release your name because it’s public information,” Traverso said. “We want people to know the lottery is creating winners, and we want to be sensitive to our winners that they may not want their details thrown out there to the world.”California has required that the names of winners be made public since voters first passed Proposition 37, also known as the California State Lottery Act, in 1984. Changing the antianonymity law would require a two-thirds vote of the Legislature and approval of the governor.Only six states allow lottery winners to remain anonymous — Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina. Some states allow winners to shield their identity by claiming their winnings through a trust or a limited liability company.No anonymity in stateIn recent years, several states have considered changing their laws to allow for winners to protect their identity. California lawmakers have not taken up the issue — and with good reason, said Assemblyman Phil Ting, D-San Francisco.“Winners need to be public so the public has faith in the lottery,” Ting said. “Beneficiary anonymity cannot overshadow governmental accountability to the public.” -
How much should I pay a business attorney to redomicile my California LLC into a Puerto Rico corporation and help me qualify for Acts 20 & 22?
I concur with the previous answer but you have to consider the cost of applying for and securing approval of a tax exemption grant or grants under Act 20 and/or Act No. 22. Major law firms and accounting firms will charge you a flat fee of $25,000–30,000. Out firm charges $225 per hour for this type of work and the end result is less than half of that.if you are looking to become a bon fide Puerto Rico resident to qualify for Act 22 you have to decide whether to invest in a business or in real estate.For a grant under Act 20, we recommend using a Puerto Rico LLC thst will engage in an eligible export servi business. To maximize tax benefits you should also become a bona fide Puer Rico resident.If you are interested in pursuing tax incentives grants in Puerto Rico, please contact us at your convenience. -
Is there a service that will allow me to create a fillable form on a webpage, and then email a PDF copy of each form filled out?
You can use Fill which is has a free forever plan.You can use Fill to turn your PDF document into an online document which can be completed, signed and saved as a PDF, online.You will end up with a online fillable PDF like this:w9 || FillWhich can be embedded in your website should you wish.InstructionsStep 1: Open an account at Fill and clickStep 2: Check that all the form fields are mapped correctly, if not drag on the text fields.Step 3: Save it as a templateStep 4: Goto your templates and find the correct form. Then click on the embed settings to grab your form URL.
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