The High-touch Legal Services® Blog…for Startups!

© 2009-2014 Dana H. Shultz, Attorney at Law

Legal Services

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This description of Dana Shultz’s legal services is an Advertisement under Rule of Professional Conduct 1-400, Standard 5.

Dana Shultz provides the essential legal services that startup and early-stage companies in the San Francisco (California) Bay Area typically need. You may read many Client Testimonials about Dana’s services.

The following are representative. Please contact Dana if you have a requirement that is not listed here.

Forming and Operating a Business

Identifying and Protecting Intellectual Property

Helping Foreign Companies Come to the U.S.

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  1. 5/29/2012 | 6:34 am Permalink

    Hi,
    I would like to find out some information about obtaining an EIN from the IRS to open a Business bank account in the US. We are an IT support company in the Ukraine and the purpose is to facilitate easier payment by our clients to us.

    Looking forward to your reply.

  2. 9/9/2012 | 9:20 am Permalink

    Hello, We have registered one company in united states , Delaware and we have received EIN from IRS , Me and and my partner is Indian . As we do not have a Social Security no. how can we open a bank account in USA and in which bank with out going physically to bank .

    • 9/10/2012 | 11:02 am Permalink

      Given that you are not in the US, you need to have someone here appointed as an officer with authority to open a bank account on the corporation’s behalf. (I do not provide that service.)

  3. 9/11/2012 | 4:50 pm Permalink

    I have an LLC started in 2007. I pay the biennial fee when I get the bill from the State. I never knew about the $800 annual tax that needs to be paid every year. The LLC had no income until 2010. The income is ~$3K in 2010 and $11K in 2011. Should I just go ahead and cancel the LLC? How do I deal with the taxes from previous years?

    • 9/11/2012 | 5:18 pm Permalink

      Whether to dissolve the LLC is a business, rather than legal, decision. There is not a lot I can do to help you with that decision.

      If you dissolve the LLC, you need to make arrangements to pay all taxes. As a result, many people whose LLCs don’t make enough money to pay applicable taxes just wait a few years, at which time the State suspends the LLC. Not an especially honorable or attractive solution, but it is inexpensive and easy (if one does not feel guilty about violating applicable laws).

  4. 1/2/2013 | 9:24 am Permalink

    I am on F2 and planning to buy a coffee shop franchise. Can I start a C or S Corp with a US citizen partner and become a shareholder. But, then how can I receive my profits? Is there a way.

    • 1/2/2013 | 10:05 pm Permalink

      There is no problem being a C corporation shareholder (S corporations are limited to citizens and green card holders). Shareholders can receive a portion of the corporation’s profits by means of dividends declared by the board of directors.

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