Legal Question in Business Law in Alaska
X and me operate Y showroom as partnership taxes on the business's income are paid by
X and me
OR
X , me and Y
Asked on 11/18/12, 5:40 pm
1 Answer from Attorneys
Terrence Thorgaard
Thorgaard Law Firm
Depends on who has the right to the income. What does your contract with Y provide? If all expenses and income are paid by X & Y, X & Y would be obligated to pay the tax on income.
Answered on 11/19/12, 4:53 am
Related Questions & Answers
-
I sold an RV, both buyer and seller sign a bill of sale, took a small deposit, I... Asked 7/10/12, 7:08 am in United States Alaska Business Law
-
Is it legal to hold a free poker (Texas Hold'em) tournament and give out cash prize. Asked 7/08/11, 11:40 am in United States Alaska Business Law
-
If i did $10,000 dollars worth of work but was never paid while the owner lives in a... Asked 4/04/11, 11:19 am in United States Alaska Business Law
-
Does an opposing attorney have the right to know what the nature of my testimony... Asked 2/23/11, 10:42 pm in United States Alaska Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
