Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => General Topics => Topic started by: Marty Champions on July 15, 2019, 04:04:15 PM
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Legally seperate the two incase i wanna bail on my crporation in the future? Or does it matter or am i playing the 5oclock game with god again on where to set my head.
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Make sure you save a screen shot of the advice you get from getbig. I have it on good authority that this provides legal immunity from tax audit penalties.
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Well kind of, yo need to file a 543(d) with the Secretary of State. But before you do that you need an ex-parte demur indicating you are not engaged in a conflicting subsidiary of the propriety. I'm not real sure about your state, but in Ca you'd also have to solicit response papers from at least 3 competitors, 2 of whom must be minority run. Then, and only then, can you properly request a hearing with an administrative commissioner who will, of course, decline your petition because you asked a legal question to a bunch of borderline retarded meatheads on a bodybuilding board.
HTH
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and nobody gave a fuck... ???
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Legally seperate the two incase i wanna bail on my crporation in the future? Or does it matter or am i playing the 5oclock game with god again on where to set my head.
Yes, it's done all the time.
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Legally seperate the two incase i wanna bail on my crporation in the future? Or does it matter or am i playing the 5oclock game with god again on where to set my head.
Yes, it's done all the time.
I believe this is how Donald Trump "worked" his casino bankruptcies...
His casinos were separate companies from his real estate wealth.
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You can have as many businesses as you want.
Keep all funds separate from each business (separate bank accounts). They are different entities.
Having a corp. requires legal setup, separate tax filings, attorney involvement in setup (unless you do it yourself), filing fees, etc.