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    #1

    Accont name?

    Two guys team up and do retirement and estate planning together.

    The one business pays out 20,000 to the other business --- lawyer -- and 1099s him for the amount -- non employee compensation.

    What do we call this expense on the Corp's books? Legal Counsel? Legal and administrative consulting?
    Tags: None
    #2
    Originally posted by tacks View Post
    Two guys team up and do retirement and estate planning together.

    The one business pays out 20,000 to the other business --- lawyer -- and 1099s him for the amount -- non employee compensation.

    What do we call this expense on the Corp's books? Legal Counsel? Legal and administrative consulting?
    Sounds like a "SubContractor" to me..................
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.

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      #3
      Commissions?

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        #4
        Contract Labor!
        ChEAr$,
        Harlan Lunsford, EA n LA

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          #5
          Excellent!! Thanks to all of you for the help. Lifesavers, you all are.

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            #6
            Pest Control.

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              #7
              Two guys team up, as in a Partnership? That would change things. Were the fees for organizational or startup costs?

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