Instead, all profits and losses are "passed through" the business to each member of the LLC. LLC members report profits and losses on their personal federal tax returns, just like the owners of a partnership would.The owners of an LLC have no personal liability for the obligations of the ...
FAQ: About the California Bill of Sale What is a bill of sale? A bill of sale is a document that legally records the transfer of ownership of an asset. It includes all of the information that a person might need to verify what was sold, by whom, and to whom. That typically includes...
Acknowledgment:This section provides the name, signature, and stamp for an authorized notary public. 1. North Dakota Bill of Sale Requirements North Dakota requires proof of ownership, such as a bill of sale, to operate a vehicle that you recently bought and have not yet registered. Bills of...
Drafting a bill of sale makes good business sense any time you sell high-value personal property. In the state of New Hampshire, a bill of sale is required for all boats and title-exempt motor vehicles. You can draft your own or, in the case of motor vehicles, you may use an official...
It is highly recommended that all firearm transactions produce a bill of sale to have an accurate record of where, when, and to whom a firearm was sold. It is illegal under federal law for North Carolina residents to sell firearms outside the state of North Carolina. ...
In Montana, a bill of sale is not required to register the purchase of a firearm. However, it is highly recommended that all firearm transactions produce a bill of sale to provide an accurate record of where and when the firearm was purchased. It is illegal under federal law for Montana ...
To sell a motor vehicle in Pennsylvania, the seller must fill out the back of the title with the buyer’s correct information and the odometer reading while in the presence of an authorized PennDOT agent. Both the seller and the buyer must sign the title. If the car’s title is lost...
The bill of sale must include an odometer reading. If the title is lost or destroyed, the seller can request a new one from the New Jersey Motor Vehicle Commission. The seller must also either transfer their plates to a new vehicle or surrender them to a motor vehicle agency. If You...
The bill of sale must include an accurate odometer reading. If the title is lost or destroyed, the seller can request a new one from the Rhode Island DMV. The vehicle seller must give the buyer a bill of sale containing the following information: Make Model VIN Color Purchase price Buyer ...