Sentences with phrase «from llcs»

Or just taking a 40k distribution from llcs

The other 50 % of the rental income take as a distribution from LLCs.

On the following day, Cuomo reported two $ 25,000 checks from LLCs associated with SL Green Realty Corp..

Other reforms Hawkins is calling for include a windfall tax on pharmaceutical companies» opioid wealth, a surtax on high - dollar pass - through income from LLCs and other pass - through vehicles, a clawback of the new federal tax cuts if not used to increase workers» pay, home rule for local income taxes, and tax credit «circuit breakers» to protect low - to - moderate income tenants and homeowners from unaffordable rents and property taxes.

Cuomo has been by far and away the biggest beneficiary of money from LLCs.

Public records indicate the sales took place about two weeks before a limited liability company run by Nicolla and involved in the land deal gave $ 50,000 to Gov. Andrew Cuomo's campaign fund --- among $ 150,000 in donations reported by the governor's campaign that day from LLCs tied to Columbia.

««Then that's not a problem, because I'm only getting fees from the LLCs,»» Meara recalled Silver telling him.

The largest Cuomo donor in the real estate club was Toronto - based Brookfield Property Partners, which earlier this month wired three donations from LLCs totaling $ 150,000.

All told, Cuomo's personal campaign account has raised nearly as much from LLCs over the past year ($ 2.3 million) as from all other businesses, labor unions, PACs, and not - for - profits combined ($ 2.6 million).

(No one has taken more money from LLCs than Cuomo, for example.)

«For a few desperate Democrats to now whine about some legal donations from LLCs to Sen. Marchione's campaign, while deliberately ignoring the fact that their own governor has raked in millions from LLCs, is political hypocrisy at its worst,» Marchione's spokesman, Josh Fitzpatrick, said in a statement.

Marchione's campaign countered that Democrats take just as readily from developer LLCs, particularly Gov. Andrew Cuomo, whose campaign received $ 800,000 from LLCs linked to billionaire New York City developer Leonard Litwin.

Lerner offered support for Gov. Andrew Cuomo's proposal that donors be named in housekeeping records, including those from LLCs.

One of the largest contributions to the governor's re-election war chest this year comes from LLCs linked to the Durst Organization.

Cuomo, who has proposed closing the so - called LLC loophole, took in more than $ 500,000 from LLCs over the first six months of the year, according to his campaign's financial statement.

The newspaper reports Cuomo, who once campaigned against the use of LLCs or Limited Liability Corporations as a convenient loophole to get around campaign donation limits, himself received 20 percent of his $ 47 million in donations from LLCs.

In New York City, campaign contributions from people doing business with the city are sharply restricted, as are contributions from LLCs.

Cuomo is by far the state's largest beneficiary of money from LLCs.

ALBANY — Since a 1996 opinion from the state Board of Elections resulted in a system in which owners of multiple limited liability companies can give effectively unlimited amounts of money to candidates for office, nobody has raised more money from LLCs than Gov. Andrew Cuomo.

They also require more disclosure from LLCs.

The bills provided limits on donations from LLCs to various combinations of elected offices - the Governor was covered by all of them.

In particular, Kellner urged her to review contributions from entities that do not have any other apparent business purpose and mass donations from LLCs.

The developer was set to build a dormitory adjacent to SUNY Poly's campus — and started buying the land to do so several months before the school asked for bids — and has given at least $ 200,000 to the Cuomo campaign in the last three years, some of it from LLCs and the spouses of executives.

Mayor de Blasio is bucking the trend — he has agreed to give back $ 20,200 — while Syracuse Mayor Stephanie Miner has vowed not to accept campaign cash from LLCs.

Cuomo has also taken far more from LLCs since his election than any other New York State politician or committee.

«The truth is no one has raised more money from LLCs than Gov. Cuomo, so it's hard to take any of this stuff seriously,» said Senate GOP spokesman Scott Reif.

They've raised $ 6.4 million from LLCs, or 39 percent of Cuomo's total.

Attorney General Eric Schneiderman has accepted about $ 1 million from LLCs since 2011, according to ProPublica's analysis.

Cuomo has accepted more than $ 6.2 million from LLCs in the three and a half years since he took office, according to a ProPublica analysis of state campaign finance filings.

The top ten committees to accept contributions from LLCs registered by Glenwood also received the majority of their contributions from the coordinated giving of individual LLCs.

On Monday of this week, POLITICO noted Gov. Andrew Cuomo's proclivity for raising money from LLCs, which have given him $ 16.5 million since he took office in 2011.

The report traced back the donations from LLCs, through which individual donors can contributed unlimited funds to candidates and political causes.

Giving from LLCs has come under scrutiny for what good - government reformers call a «loophole» in the campaign finance law that allows unlimited giving through a network of the entities.

Dig Deeper: Choosing Between an LLC and a Corporation Note the Differences Once you understand the benefits that come from LLCs and S corps, it's time to explore some of the pros and cons of each approach.

In many situations, the limited liability protection from an LLC or corporation will not shield you from being liable for your own personal negligence.

The downside to an LLC, however, is that it forces the business owner into higher tax liabilities, as distributions from an LLC are taxed as ordinary income with rates as high as 37 percent, at the federal level, and 13.3 percent at the state level, for a combined federal / state tax of 50.3 percent!

Even solopreneurs can benefit from an LLC.

Represented Los Angeles based SaaS company in its conversion from an LLC to a C corporation, and the simultaneous reorganization and Series A Preferred Stock financing.

The address and executives listed on a Federal Communications Commission filing from this LLC exactly match those of Altice, the Dutch telecom company that purchased Cablevision in 2016.

Cuomo, who has benefited from LLC contributions more than any other politician in New York, said companies regularly take advantage of the gap in state law and set up numerous LLCs to donate millions of dollars to candidates.

Cuomo has received substantial amounts of money from LLC's over the years, including ones associated with billionaire real estate developer Litwin and Glenwood management.

The case involves many elements of state government that have been attacked as corrupt and unethical - from the LLC loophole that allows donors to pump the lifeblood of campaign cash into the Republican conference, or the 421 - A tax break for developers that has been attacked as a giveaway to corporate donors, major issues at play in the indictment are parts of how Skelos managed to keep himself and the Senate Republicans in power in Albany.

Powell Jobs and Ali did not want to give funds to school districts or exclude teams that lacked legal expertise, so they did not require contestants to establish ahead of time a legal entity that could legitimately receive funding from the LLC.

So I withdraw the money from my LLC account and buy myself the laptop.

The strength of using an LLC for investing comes from the LLC operating agreement.

They will then ask you for the information from your LLC operating agreement, and they will also want a copy of it when you're done applying.

Also, your Texas friends need to remember that Texas does charge a state income tax on earnings from the LLC — so they will need to file a state income tax return.

Dun & Bradstreet is a credit bureau for businesses It reports the payment history from your LLC to creditors.

When you are connected to a live person, it's usually a representative from an LLC company that has been in business for under a year.

I just paid out my first distribution from my LLC.