My potential partners in Taiwan and mainland China. The issues I need to be careful before heading on their foreign counterparts?
Nina Kaufman replied:
Whether your partner is local or foreign, there are many issues to keep in mind. Includes: that each party contributes capital in; situation decision; who will contribute (or his continued 1) the intellectual property created now, and what will happen when the partner wants to withdraw from the business, the business value of how, procedures What gate?
Especially with foreign partners, you want to know their role before you start, because they do not have an office near you, so you will not be sure how their explanations. You will also want to ensure any legal argument was resolved when you put together the business and location.
It is best to talk to a lawyer who will deal with the business partners and foreign investors to make sure that your understanding for the partnership are clear, and you have all the valid documents.
Nina L. Laufman is a business attorney is awarded, is a writer, speaker. Over 15 years, she has very successfully resolved thousands of small businesses through the legal difficulties they face when starting and operating companies. Under the name AskThe Business Lawyer.com, she drew thousands of entrepreneurs, and small business owners to legal services, professional chat sessions, information products and electronic magazine goods LexAppeal week.
2. How would be subsidized by the government?
If possible I would like to receive government subsidies, I do not want a loan. I know the government subsidy has run out here, but I need to find a legitimate one. Where should I start from?
Tim Berry responded:
Asian. Be aware that any benefits in connection with the public interest or nonprofit purposes. A typical example is but the region is developed and undeveloped, developing neighborhood a few techniques to meet the public interest, or focus on community goals such as diversification ( so a few grants are offered for a small number of businesses).
If you do not give legitimate reasons for the council goals, then you are wasting time. All the ads on television that we see are false. You should explain in two sentences why you deserve the community's money. It will create community benefits.
b. If you think you can argue about the legality of income communities, starting with finding the grants local, state, federal ...
It's more difficult when using business.gov and sba.gov state, federal, local search, but look for them. Ask chamber of commerce or the Development Center to help small businesses. Some bankers can access these pages.
C. Most business assistance towards forms of borrowing with lower income are the official subsidy. I know you do not want a loan, but this is a real world. Be practical!
Tim Berry, president of Palo Alto Software Inc. produced the software business plan guidelines for industrial, Business Plan Pro, and both plan common business applications.
3. Having to pay taxes on the sale of ads?
I'm starting an online newspaper. I need a cost of sale or any other taxes for which my ad space sold? Do I need an LLC in each state that I have customers?
Pam Newman replied:
You should contact the Secretary of State for taxes, the principle for their type of business.
Pam Newman is a certified accountant manager, and author, Certified QuickBooks Pro adviser of financial software and selling points. She also serves as president of RDPC.Inc, which provides business development services.
4. Do I have to pay income tax for non-payment of debts?
I intend to use the loan payment by the company to maintain credit and medical bills. I heard I may have to pay income tax for the retention of the debt amount.
Nina Kaufman replied:
The IRS said that the debt on the $ 600 may be taxable income, but in some cases you may have to pay income tax on the liabilities under 600USD. Also there are a few exceptions, for example, you are not able to pay their debts when the payment period then you do not have any reports about possible debt relief income tax, but there are exceptions their own exceptions. Do not make any assumptions about the consequences eventually your taxes until you talk to the person authorized to update the table and look at 1099-C.
Nina L. Laufman is a business lawyer was awarded a writer, orator. Over 15 years, she has very successfully resolved thousands of small businesses through the legal difficulties they face when starting and operating companies. Under the name AskThe Business Lawyer.com, she drew thousands of entrepreneurs, and small business owners to legal services, professional chat sessions, information products and electronic magazine goods LexAppeal week.
