Legal Question in Business Law in Ohio
I own a LLC. I am thinking of buying a small company which is incorporated. Can I keep the name of the corporation and set it up as a LLC operating as a division of my current business?
Asked on 9/02/09, 9:39 pm
1 Answer from Attorneys
J. Norman Stark
J. Norman Stark , Attorney, Architect
Dear Businessperson: You certainly may operated a corporation as a division of your LLC. However, you may be looking at duplicate taxation needlessly. You may wish to contact your tax accountant to learn how to operate without incurring double taxes. For example, if the corporation actually shows no profit at the end of the year, there'll be no taxable income.
Consult an experienced tax advisor - CPA or Atorney CPA. Good luck. Sincerely, J. Norman Stark.
Answered on 9/06/09, 4:56 pm
Related Questions & Answers
-
We have a partner in a corporation which we would like to buy out. The corportation... Asked 8/30/09, 10:34 pm in United States Ohio Business Law
-
Contract was not signed by the client but sent earnest money--- clientverbally... Asked 8/28/09, 7:43 pm in United States Ohio Business Law
-
Im a contractor and i did a job and the homeowner won't pay. im taking her to... Asked 8/24/09, 10:47 am in United States Ohio Business Law
-
I would like to start a business delivering "Fast-Food" such as... Asked 8/11/09, 5:33 am in United States Ohio Business Law
-
U.c.c. stands for uniform contract code...is this true or false Asked 8/04/09, 2:35 pm in United States Ohio Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
