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The next problem is whether the LLC taxed as S company must ACT like a company for tax functions even though the condition LLC laws might not require it? For instance, do you need to problem stock certificates, have yearly conferences and resolutions like a company. While the condition may say "no", the IRS auditor might say Yes! So, even though you like the informality of an LLC, you still might require to problem certificates and keep yearly minutes and document resolutions for all action your LLC does that is out of the ordinary program of business (such as big buys or leases, financial loans in and out, etc).
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One must question why the district attorney at the time, now Congressman William Delahunt, grew to become involved in the case. Why had been no costs were brought against her? And if they experienced been, and she obtained the assist read more she required, could this unhappy week have been avoided?
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