Patrick NY

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visits member for 1 year, 6 months
seen Jul 11 '12 at 17:54
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Mar
5
answered I have a NJ LLC, I want to add a DBA. Do I need a new EIN?
Feb
27
comment I formed an LLC on November last yr and dissolved it on December, should I report this LLC to IRS?
Well, -2 or not, I still think the answer is Definitely. But I am not a tax accountant or tax attorney. If you are required to file and don't, there could be penalties when they catch up with you. Filing a return for this should be very simple, possibly on your own personal tax return.And as noted above, you should have some expenses to deduct (+ $100 to terminate). You can just call the IRS and ask or contact an attorney or accountant.
Feb
24
answered I formed an LLC on November last yr and dissolved it on December, should I report this LLC to IRS?
Jan
24
answered How to handle Cease and Desist from huge company
Jan
23
answered Can I create a startup without a business co-founder at first?
Jan
14
comment Pricing Theory - What works, what doesn't, and how to get the most profit?
And a good blog it was too! (even as this comment dates to your answer, as your answer dates to that living blog post).
Jan
12
answered Can we release our application to public without being incorporated?
Dec
27
comment Help me understand issuing shares
Susan's comment was actually the answer! And, this is really an accounting issue, so you would have to look at the accounting to see how it works. Specifically Issueing Additional Shares. You might find an explanation in a basic corporate finance textbook.
Dec
27
comment Need to form company now, but want to make ownership / equity distribution decisions later
All of the equity of any kind of company is owned by somebody. It can't be 80% un-owned. The government records of the formation of your LLC say who owns it - ALL of it. Maybe you're thinking about Authorized but Unissued shares of a C-Corporation. And maybe LLCs work that way in some states too.
Dec
23
answered where to find a “dead” software product to acquire?
Dec
22
answered Desktop Software Startup: Offering Free Version and 30 day Trial overkill?
Dec
22
comment How do you calculate source code value if someone want to buy it?
Are you talking about selling your software to another vendor so that he would own it and you would not. Or are you talking about "selling" it to a customer who wants a copy of the source code? If so, what rights would you give the customer? What will he be allowed to do with the source code - compete with you?
Dec
21
answered Utilizing revenue in an LLC as an investment, not income in a new year
Dec
21
answered Is 50/50 partnership in an LLC a good idea when partner has idea and money?
Dec
21
answered Desktop Software Startup: How to go about pricing Pay Per Feature
Dec
21
answered Equity for a part-time founder?
Dec
21
answered Need to form company now, but want to make ownership / equity distribution decisions later
Dec
15
answered LLC Tax Filing - No Income
Dec
14
comment Pricing Theory - What works, what doesn't, and how to get the most profit?
Price based on cost at your own risk. But this goes against ALL pricing theory.
Nov
21
asked Do you accept Certifications in lieu of Programmer Testing?