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15
votes
3answers
11k views

What to ask for on a business partnership?

I am being asked to provide technical expertise on a technology entrepreneurship. They are offering me equity of the business, in exchange of my work/commitment. I know they will require a capital ...
2
votes
1answer
175 views

Does California tax personal K-1 income from an out-of-state partnership?

As a resident of California, if I get a K-1 from Connecticut, do I have to pay income taxes on this income for my California return? Using Turbo Tax, the answer seems to be no, since there was no ...
2
votes
1answer
41 views

When a business entity moves out of a state, is it the final return?

For a general partnership that files US Tax form 1065, there is a check box for Final Return which is not checked due to the partnership continuing on to the next year. However, the California state ...
1
vote
1answer
72 views

What options exists for a group of people to collect money in a secure way?

I am part of a group of people with a common goal in mind. We are not organized in any type of association. However, we have a need to hire a lawyer to represent our interests as a group and time is ...
1
vote
1answer
26 views

What is the filing address for partnership that changed its address?

I have a general partnership (Form 1065) that moved effective end of 12/31/11 so the 2011 tax year ended in the old state and 2012 will be in a new state. I presume I should use the new address for ...