Can a foreign person own a partnership?
Can a foreigner be a partner in an LLC? Yes, they can. A small business owner, also known as a member, can operate under the structure of a limited liabil...
Category: General
Do you have to be the owner of a condo to rent it out?
Many HOAs approve rentals on a first-come, first-served basis, so there’s a chance you’ll end up on a waiting list. New condo owner requirements may be in...
Should I claim my 20 year old as a dependent?
If your 20-year old child lives with you but isn’t a full-time student, you can’t claim them as a qualifying child because they fail the age test. But as ...
Do parents pay the kiddie tax?
The child’s investment and other unearned income over $2,200 is subject to the kiddie tax rules and taxed at the parents’ rate. The kiddie tax does not ap...
Does irrevocable trust avoid estate tax?
Property transferred to an irrevocable living trust does not count toward the gross value of an estate. Such trusts can be especially helpful in reducing ...
When can I retire born in 64?
As the youngest baby boomer (born in 1964), your full retirement age is 67 for Social Security. This means that your retirement window will start in 2026....
How do you appreciate customer service?
I want you to know how much I appreciate the excellent service you provided on Monday when I took one of my best clients to lunch. Your attention to detai...
How do you split life insurance beneficiaries?
Dividing your life insurance proceeds through per stirpes basically means that the payout is to be split by the branch of your family. In other words; if ...
Should cost of goods sold be more than gross revenue?
Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. COGS excludes indirect costs such as overhea...
What does CPN mean?
A credit privacy number, or CPN, is a nine-digit identifying number similar to a Social Security number. A CPN is sometimes marketed to consumers with bad...
