Questions regarding setting up and operating Limited Liability Companies
2
votes
1answer
172 views
Starting a business in the States and then moving to Canada
I'm about to move to Toronto, ON, Canada, within months. I want to go ahead and start my business up now though, before I go there. Would there be any problem with this, and would I be able to ...
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 ...
-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 ...
0
votes
2answers
696 views
Tax haven in Delaware with a single-member LLC formed by a non-resident alien?
While I'm researching what I need to pay in taxes for my LLC formed in Delaware (I'm a non-resident alien from China), I found this page which is very interesting: ...
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 ...
-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 ...
2
votes
4answers
1k views
How to take a draw in a multi-member LLC?
My business partner and I are forming an LLC. As I understand, members of an LLC are not employees and therefore are not on payroll. Instead they pay themselves by taking a draw from the LLC funds.
...
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 ...
4
votes
3answers
912 views
Is there a way to legally hide ownership of a LLC from the general public?
Due to various reasons (career related, privacy etc) I would like to hide the fact that I am the owner of the LLC from the general public and from anyone else trying to figure out the owners of the ...
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 ...
5
votes
2answers
621 views
Cloud-based accounting software [closed]
I am in the process of starting a business. The nature of the business is Photography (weddings, etc.). What would be a good accounting software solution (preferably cloud-based or SaaS)?
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 ...
0
votes
1answer
69 views
Being paid in equity. Can my poor credit rating negatively affect the business?
I'm a web developer, and I've been offered (in addition to cash) equity in the new business that will be based largely on the application I'm being hired to build.
As someone who has been scraping by ...
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 ...
0
votes
1answer
72 views
Non-Illinois Resident Owner of Illinois LLC
Can a non-Illinois resident be an owner-member of an LLC registered in Illinois?
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 ...
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 ...
1
vote
2answers
776 views
Forming an LLC-living in CA, related permits, tax treatment
My scenario: I currently reside in CA. However, I will be locating to the state of Washington by the end of 2012. I (no other employees) am starting a 100% online service-based company, which will be ...
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 ...
0
votes
1answer
74 views
IP contribution to an LLC
If a founder is contributing IP to an LLC and receives a captital account equal to the value of the IP, is the founder liable for taxes on the amount in the capital account?
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 ...
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 ...
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
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
5answers
456 views
Out-of-state LLC for Amazon Associates?
I'm planning on launching a website that revolves around product recommendations and reviews, which would make use of the Amazon API to take advantage of their affiliate program.
I was surprised to ...
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 ...
3
votes
3answers
119 views
What is the process to transfer real estate you already own into a newly formed LLC?
I already own several investment properties. However I purchased them in my own name for various financing reasons as the time. Now I would like to move them into LLC's, most likely one for each ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
1
vote
4answers
1k views
Can you reduce New York LLC publication fee by using a registered agent?
I have a question around creating a LLC in New York City , it's centered around the publication requirement of LLC's in New York state. This publication requirement means if your LLC is registered in ...
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 ...
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 ...
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 ...
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
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
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:
...
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 ...
-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, ...
