Questions regarding setting up and operating Limited Liability Companies
-2
votes
0answers
26 views
Started one person LLC - Have my first contract - Now what? [closed]
I started a single member LLC, but don't know what to do beyond this. I have a service contract between my company and another company. I'm not sure how to handle the financial situation.
One ...
0
votes
2answers
18 views
Contracting with existing LLC - How to payout wages
A friend of mine and I have recently taken on a part time consulting gig. The job involves building custom software, and we've agreed to work 16 hours a week on the project. The contract was made ...
-1
votes
0answers
26 views
With an new LLC, how best to accept credit cards? [closed]
I would like to ask the start-up community, on what my options are for the easiest and best ways for accepting credit-card payments for my LLC. (It is just me, single member).
A client of mine has ...
0
votes
0answers
12 views
Web Startup: Living in Florida, incorporating in Delaware/Florida? [duplicate]
I am running single owned web startup right now. Its not live yet so that is why I am posting this question. I am currently living in Florida for past 3 years and within next couple of months I will ...
0
votes
1answer
31 views
New LLC - How do I estimate quarterly taxes if I'm not sure I'm going to make a profit by the end of the year
My wife and I are partner members in a newly created LLC. Weve made some money this quarter yet have made no distributions but we are uncertain of our future profits/loss for the year. This quarter ...
1
vote
3answers
38 views
Language for Articles of Organization LLC Ownership
I am in the process of drafting the articles of organization for my LLC.
I would like to specify in there, that the ownership of the LLC is specified with units, and LLC members receive a certain ...
0
votes
1answer
39 views
Business Cards DBA
I am a designer and I have a client that has an LLC business and they have decided to run another business simultaneously. Because both business share the same space and use many of the same tools and ...
0
votes
0answers
18 views
Seller´s Permit in Delaware LLC for Non US resident?
I have recently received my Delaware LLC papers from my registered agent,I am a non US Citizen nor residetnt,the Delaware LLC can be own by non US Citzens with sole propietorship and has no sales ...
1
vote
1answer
36 views
Do I need my own lawyer on a partnership agreement modification
Back story:
I'm the majority equity and voting power holder in a multi-member LLC (Three members, I will call partnership). A year ago we had a partner's wife, who is a corporate lawyer, create a ...
0
votes
2answers
69 views
Forming a US LLC and paying taxes while outside the US
I am currently a resident alien in Virginia. I have been in the US since November 2011 (never left) and I have a J-1 visa, which expires on February 2014. I am going to leave US and go back to my home ...
0
votes
0answers
15 views
Addresses, Bank AC, Foreign Qualification : SMLLC operating outside US, doing business in US through internet?
I am Single member LLC operating from India. While incorporating there are some addresses to be filled up.
Registered Agent : That would be simply RA's address. It will be provided by them. No ...
1
vote
1answer
46 views
LLC C-corp in US, how to report my own investment
I'm a single member LLC with C-corp taxes in the US, and I just started my entity in January. I'm trying to figure out how/if I report my own capital injections for expenses as regards my taxes. I ...
1
vote
4answers
70 views
Spliting a partner without an operating agreement
I have been in the retail industry for over 14 years. I pitched an idea to an old friend of mine to open a mattress store about two years ago. We opened the company as an LLC. I had all the ...
1
vote
1answer
62 views
DBA, LLC, or what? For a virtual asset marketplace
My friend and I are currently developing a marketplace for virtual assets. However we are not quite sure how we should set the company up. Do we need only a DBA, or should we go with the LLC route in ...
0
votes
1answer
38 views
LLC Require EIN?
I have an LLC that will be a passthru entity (sole owner).
Is such an entity required to have an EIN to do business?
If not, how would you get banking accounts, LoC, etc without an EIN to legally ...
2
votes
2answers
33 views
Foreign LLC vs Domestic LLC - Wyoming & South Carolina
Please help. I'll make this as simple and concise as possible:
I will be manufacturing my own parts, AT HOME, in South Carolina. I intend to sell the products exclusively online with an online ...
0
votes
1answer
65 views
Using a New Personal Bank Account for an LLC?
Business Structure: LLC
Country: US
State: Texas
City: Austin
Income: So far? $0
I am forming an LLC and was looking into "business" checking accounts, and most charge some kind of fee. Either ...
0
votes
1answer
54 views
software / digital signage start-up early stages
In the early stages of a start-up, my key market is digital signage, a hardware development kit I use requires signing an NDA to receive the SDK, as stated in the early stages of the start-up.
Do I ...
1
vote
2answers
129 views
Who owns the programming in a disolving partnership?
I am a 50/50 owner in a small dissolving LLC. To this partnership I brought my software and through the course of several years continued to develop it. In the partnership agreement there is nothing ...
2
votes
1answer
63 views
Setting up a Group/Organization
I currently host an online group that meets once a month for dinner. We recently began hosting small private events that required a minimal cover charge at the door to cover the rental fee of the ...
0
votes
1answer
44 views
LLC partnership on student visa and then transfer to H1B
I am on F1 visa. I'm done with my masters and am on my OPT. Can I be a partner in an LLC?
What about when I go on H1B.
I'm looking to startup in Texas & California both.
I tried to look for some ...
0
votes
0answers
10 views
I am non resident alien and want to get I - T - I - N
I am non resident alien and want to get I - T - I - N . I am launching e commerce website and want to register this website as L - L - C business in USA . As per my little research , I got point that ...
0
votes
2answers
69 views
Most suitable US state to start Internet/online business [closed]
I have read somewhere on interent that Texas is most business friendly US state. Can some one guide me is it true that Texas is most friendly for totally internet/online based business and they have ...
1
vote
3answers
164 views
Do I need to register as LLC even if I plan to make my iOS apps free?
I have personally made some apps and I want to put them on the Apple app store as free apps. I will probably also make them open source on github or something. I had been reluctant to do so because ...
1
vote
1answer
61 views
TIN to use on W9 when Single Member LLC/Disregarded entity
I own a state-classified LLC company and also have an EIN for the business, which was filed on an SS-4 form (Rev. December 2001) as a Type "Other" and noted "disregarded entity". On the SS-4 form the ...
2
votes
2answers
106 views
Software Contributions to a LLC Partnership
I have a 33.33% stake in an LLC partnership, which was made with cash contributions. I have since developed software with an associate who is not part of the company that we would like to sell as ...
0
votes
1answer
53 views
What are charges/taxes to open LLC in New York as foreigner/alien
I am from India. I want to launch e-commerce web site. For that purpose, I want to open LLC in New York. What are charges/taxes to open LLC in New York as foreigner/alien.
1
vote
2answers
125 views
Limiting personal liability
I have been working (solo) on a few side web projects for the past several months. My name can be found attached (via WhoIs) to the domains I've purchased and this got me to thinking about worst case ...
0
votes
1answer
48 views
Recommended Business Structure for Group of Part Time App Builders
A few friends and I have started building small apps and WordPress plugins in our spare time, and I'm wondering what would be the best business structure (LLC, S-Corp, etc) as I think it's almost time ...
-2
votes
1answer
33 views
How are you handling taxes for international contract work?
I'm going to be forming a LLC for my startup. I'm doing most of the programming myself, but will be using a couple of international contractors via odesk.com. What is the way to report this?
1
vote
1answer
41 views
LLC Sub-contracting money and tax question
Essentially, I started an LLC about 6 months ago. I have worked pretty closely with another developer, but so far have yet to pay him. We are developing a product right now and I have agreed to give ...
1
vote
1answer
43 views
Dissolving an LLC in New York
This is a general question about dissolving an LLC in New York. I just want to make sure I go through the appropriate steps to have the company legally dissolved. This might not seem particularly ...
1
vote
1answer
37 views
LLC Pass Through Income Taxation
I'm working for a client who is doing business as a LLC in CA. He represents merchants by advertising them on certain websites. His commission is taken out from the sales received from the websites, ...
1
vote
1answer
55 views
Single-member LLC and filling out tax forms for advertisers who pay me
I have accounts with various advertisers and affiliate companies - let's just say Amazon Affiliates for the purposes of this discussion - and I've now registered a single-member LLC.
During the ...
2
votes
1answer
277 views
What do I need to do to maintain an LLC's limited liability protection?
I do freelance work on the side, and I've been meaning/needing to create an LLC for a while now. I've talked to some friends, and they mentioned somethings that I was not aware of. A couple examples:
...
2
votes
2answers
113 views
Ownership without investment. Help
I started work at a company a few months back. I was brought in to head up a new division in the company. That division is separating as it's own LLC. I won't be investing any money into the new ...
0
votes
1answer
64 views
LLC with 2 members vs Corp to Corp
I am considering forming an LLC, developing a B2B service platform. I am an independent consultant/developer, and have been working with another individual for several years. Over this time, we have ...
0
votes
2answers
73 views
Operating Agreement for a Single Member LLC?
I will be filing for an LLC very soon (as early as next week) in the state of Tennessee, which does NOT require an operating agreement. I talked with an accountant for a couple hours last week, and ...
1
vote
3answers
156 views
Transferring money out of LLC business account to a personal account to pay a international supplier to avoid wire transfer fee
Our newly formed LLC (2 members) has a business checking account. It has a rather high international wire transfer fee for sending out payments from the US to overseas ($45).
My partner suggested ...
1
vote
3answers
90 views
How do I pick a bank for my LLC (USA)?
I want to open a business bank account for my LLC to keep my finances separate. How, in general, should I go about shopping for a bank account? Relatedly, are there any particular banks that excel ...
0
votes
1answer
87 views
Can a minor form an LLC in North Carolina?
I am 16, and live in North Carolina. I want to start a software company. I have made some programs that could make some money, and I would like to start an LLC. Is this possible? If not, is there ...
0
votes
1answer
34 views
What entails conducting business in a state?
I am looking to form an Partner LLC in one of the tax haven states. I have been looking up the Pro's and Con's of doing this and it seems the major Con is that you still have to file and pay fee's in ...
1
vote
0answers
98 views
US bank account for LLC [closed]
I am from India and want to setup LLC in USA. I am unable to visit to USA.Is there a way that my friend (who is in USA) open a business account in USA for my LLC. To do so, I can include him in my ...
3
votes
2answers
90 views
Acquiring Tax ID Number
We just got filed as an official LLC in CT and were wondering how we get our Tax ID number(EIN). We would like to open a bank account for the company and assume we need that to open one.
1
vote
1answer
59 views
Most Appropriate Business Type for Selling a Virtual Product?
I run a business where sells certain ebooks and pdfs online. I want to form an official business entity just to be able to operate under that name, protect myself from liability as well as get any ...
1
vote
1answer
53 views
What does it mean to be registered as a professional company?
I'm going through the information and application for starting my LLC, and I came across the question:
Will your business be registering as a professional company?
I'm not sure what this means. ...
2
votes
1answer
135 views
Should I be an employee of my wife's single member LLC?
I'm a software developer and for the past 15 years I've been moonlighting in addition to my fulltime job. Back in 2009 my wife formed a single member LLC and we started running our side jobs (she's a ...
1
vote
4answers
148 views
C-Corp vs LLC. How much more complex?
I am starting a technology business with my 50% partner. We are trying to decide between an LLC and a C-Corp. (We are in Michigan) In our case an S-Corp probably won't work too well. I've read a ...
1
vote
1answer
58 views
Arizona LLC with managers from California
My client who is domiciled in California formed an LLC in Arizona - he is also a member manager. The business is in Arizona, and all transactions are in Arizona. I know since the member manager is ...
1
vote
1answer
53 views
How does an LLC guarantee a debt?
In regards to LLC protection, if you are the only person in the company and personally guarantee a loan, your assets are not protected if you default. What is the other method of guaranteeing the ...
