Archive for April, 2008
The following document is a sample of the recorded minutes of an incorporator taken during the formation stage of a corporation.
MINUTES OF ACTION OF INCORPORATOR TAKEN WITHOUT A MEETING BY WRITTEN CONSENT
The following action is taken by the incorporator of IDedded, INC., a California corporation, by written consent, without a meeting on October 3, 2007.
The [...]
MINUTES OF ACTION OF BOARD OF DIRECTORS OF
GREGORY M. MASTERSON CONSTRUCTION, INC.,
A CALIFORNIA CORPORATION.
The director of the above corporation, Gregory Michael Masterson, pursuant to the bylaws of the Corporation hereby submit his written consent in lieu of meeting, and agree unanimously to the following:
The Articles of Incorporation of the Corporation were filed in [...]
Trademark registrations require the applicant to demonstrate use of the proposed mark by showing a trademark specimen. A specimen is “a label, tag, or container for the goods, or a display associated with the goods. The Office may accept another document related to the goods or the sale of the goods when it is not [...]
Great Ideas for your tax windfall–a must-read.
-This is a sample “MOV” or “method of verification” letter. It’s an advanced tool in a consumer’s credit repair arsenal. Before using it, you should read about Method of Verification.
Experian
701 Experian Parkway
Allen, TX 75013
RE: Fair Credit Reporting Act Request under § 611(a)(0)
To Whom It May Concern:
Time is of the essence with regard to this request. You [...]
At least one major credit repair website touts “Method of Verification” as a “secret credit repair tool.” Well, not exactly. Method of Verification, or “MOV,” refers to a statutory right that consumers enjoy to demand that a credit reporting agency (transunion, equifax, etc.) supply upon request the method of verification when a consumer asks that [...]
What Is an S Corporation?
An S Corporation is a C Corporation that elects “Subchapter S” status. All S Corporations begin their lives as C Corporations; Corporations elect to change their status to S Corporations.
The S Corporation Election is made by the filing IRS Form 2553 before the expiration of the 15th day of the third [...]
How to Make the S Corporation Election
All S Corporations begin their lives as C Corporations–no Secretary of State in the US makes a distinction between S Corporation and C Corporation. The S Corporation election is just that: an election.
The S Corporation Election is made by filing IRS Form 2553 before the expiration of the 15th [...]
An unbiased guide to the different types of corporations, including C corporation, S corporation, close corporation, and professional corporation.
Will I Owe a Debt After Foreclosure?
Well, let’s begin with a different question: will I be sued after a foreclosure? Whether you can be sued after a foreclosure depends on whether your state is a deficiency state or an anti-deficiency state (you want anti-deficiency).
What is Anti-Deficiency in a Foreclosure?
An anti-deficiency law is a law [...]
First, a definition. An LLC is a statutorily created form of business entity that combine features of both partnerships and corporations. For more information on the differences between these business entities, please read: Corporation vs. LLC vs. Partnership.
Now, on to LLC Tax Advantages
LLC Tax Advantage: Pass-Through Taxation
LLC’s enjoy pass-through taxation. Here’s how it works: C [...]
Federal Income Tax Brackets
Federal Tax Brackets
February 2008
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Schedule X — Single Filer
If taxable income is over–
But not over–
The tax is:
$0
$7,825
10% of the amount over $0
$7,825
$31,850
$782.50 plus 15% of the amount over 7,825
$31,850
$77,100
$4,386.25 plus 25% of the amount over 31,850
$77,100
$160,850
$15,698.75 plus 28% of the amount over 77,100
$160,850
$349,700
$39,148.75 plus 33% of the amount over 160,850
$349,700
no limit
$101,469.25 plus 35% of [...]
All civil claims which arise in small claims court will be subject to some statute of limitations. A statute of limitations is a law that dictates the number of years in which a claim must be brought for liability to attach to a defendant. If a plaintiff waits beyond the expiration of the statute of [...]
Now you must turn to the question of whether a judgment can ever be collected from the defendant. If the defendant does not pay a judgment voluntarily, the plaintiff is then forced to resort to time-consuming collection efforts such as placing liens on property or garnishing wages. A crafty defendant can dodge legitimate collection efforts [...]
Personal jurisdiction refers to the ability and authority of a court in a state to have jurisdiction over the parties to a dispute. Personal jurisdiction operates on a state-by-state basis. So, if any court in the state has personal jurisdiction over you that means all the courts about state and personal jurisdiction over you. A [...]