Posts Tagged ‘Craft Shows’
Does anyone know how to do a Dissolution of Partnership?
cricket121269 asked:
I started a “small” business (just did craft shows) with my in-law and it didn’t work out. How do I do a dissolution of partnership? She said we just have to write a letter saying “The Partnership is Dissolved,” than state the terms of who is buying out whom.
I started a “small” business (just did craft shows) with my in-law and it didn’t work out. How do I do a dissolution of partnership? She said we just have to write a letter saying “The Partnership is Dissolved,” than state the terms of who is buying out whom.
Don’t we need to file this with the state? If so, please give me any advice you have. I heard it has to be filed by the end of the year, is this correct?
Even thought it was a small business, would I be better off having a lawyer do the dissolution?
HELP! I did something terribly wrong regarding Indiana Taxes?
kellygirl asked:
I own a wholesale import company. I sell to retailers. I do not sell retail…I sell to retailers. When I just started out 2 years ago, I applied for an Indiana Tax id number. I did this in case I was ever to do retail in the way of craft shows in Indiana. I reside in Michigan and conduct my wholesale business in Michigan. I received a collection letter regarding unpaid taxes for the state of Indiana, owing $88,000.00.
I own a wholesale import company. I sell to retailers. I do not sell retail…I sell to retailers. When I just started out 2 years ago, I applied for an Indiana Tax id number. I did this in case I was ever to do retail in the way of craft shows in Indiana. I reside in Michigan and conduct my wholesale business in Michigan. I received a collection letter regarding unpaid taxes for the state of Indiana, owing $88,000.00.
I have never done business in the state of Indiana, nor do I collect sales tax. Someone help! I did something wrong, and now I can’t function. My entire business hasen’t even made this dollar amount. I opened this letter on Friday, 6pm, after their office was closed. I haven’t slept b/c I have been so worried. What step should I take next?