Questions regarding setting up and operating Limited Liability Companies
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95 views
At what income number does S-Corp save you money over a Sole Proprietorship
Situation
Have formed a LLC in New York City. It is single member. Sole purpose is to sell mobile apps. Limited deduction opportunity. Running business part time. From home.
Questions
I'm trying to ...
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2answers
693 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: ...
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2answers
58 views
An LLC working in multiple states
I recently filed my company as an LLC expecting to get some small jobs in my local area. Through my professional connections I might land a contract that would span in multiple states across the U.S. ...
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1answer
85 views
Receiving payments for my LLC in my personal bank account
Before I setup my LLC I would receive payments to my personal account. So, going forward is it ok to continue with the way I receive payments, and deposit/transfer manually in the company account? Are ...
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1answer
79 views
Choose US Bank for international company
I'm opening an Delaware LLC, and now choosing where to open bank account. My company is a very small consulting firm (software development, and we're going to run own product). We're located in ...
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1answer
70 views
Downsides to setting up shell companies for sale?
I see plenty of shell companies for sale through reputable sellers: LLCs that have no tax ID number or bank account and that were established a few months to a few years ago. The market prices of ...
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1answer
62 views
Using Paypal for Gifting
I am hoping to generate some revenue by sending out emails to interested people about giving a gift to the company. I am aware in order to say "donation" you must be a 501(c)(3) however if you claim ...
1
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1answer
91 views
Transferring inventory into LLC
Formed LLC, but wonder how to account for inventory I've already purchased and will now sell via the company.
I've been re-selling as a hobby, and now converting to a business.
I'm in the US. No ...
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2answers
489 views
H1B co-founder for company that may not make profit for 3-4 years
Our question is very similar to this one: While H1B can I work on my interested Idea as Startup with no intention of earning?
We have one co-founder on a H1B visa who we want to make a legal ...
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2answers
74 views
Tax advantages for LLC in NY or NJ?
My partner lives in NY and I live in NJ. We will be doing business globally. We could have our offices in NJ. We would like to set an LLC in NJ, however, need to understand the tax implications for ...
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1answer
147 views
Actual tax rate for self employment with LLC
There seem to be a ton of LLC related questions and I've been through most of them but I don't see anything that answers my question directly.
Right now I'm on a 1099 and it was suggested that I get ...
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1answer
56 views
Naming an LLC - conflicting with a service trademark [duplicate]
Possible Duplicate:
Somebody got a trademark for a domain I own. I am planning to launch my service in a week
I'm looking to name a startup (LLC) with what I think is a cool name. Upon ...
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1answer
78 views
Startup capital and taxes
I'm finishing up a successful KickStarter campaign. The approximately $8000 is going to be used as capital for my software startup. I'm currently structured as a sole proprietorship, so the $8000 is ...
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2answers
39 views
Start-up SMLLC taxes payment timelines
I have a Single Member LLC in California that started at the beginning of this year. I have a few employees whose payroll is done through a well known bank, and the payroll taxes are adequately taken ...
1
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0answers
87 views
What are the exact 2012 costs and requirements of registering an LLC in Nevada?
Myself and a friend run a website.
We want to register as a Limited Liability Company in Nevada for the tax benefits. It's just us two that work on the site. This is a unique situation, though. He ...
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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?
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0answers
65 views
Should I form an LLC as I do contract work for registrars as an AS9100 auditor?
I am a certified AS9100 auditor and have been working for myself doing contract audits for registars. Should I form an LLC or continue as I am doing since it's just me?
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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 ...
1
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1answer
242 views
Can a bank account accept checks written to two different business names?
Is it possible for a bank account to accept checks written to two different parts of an LLC?
For example, I have ABC LLC, which operates at ABC.com, and I accept checks using both the ABC and ABC ...
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0answers
51 views
Investor sniffing around - time to launch?
I have a prototype product. I have shown it to a few people and have a couple very interested investors (friends) who want to help me launch a viable product to build a pitch deck and business plan ...
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2answers
772 views
Can an LLC operate under two separate business names?
I just started an online retail business in Massachusetts with which I formed an LLC - lets call it "Massachusetts Retail LLC" and it's located at massachusettsretail.com. I highly enjoyed designing ...
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3answers
50 views
Seeking Information About the Continued Costs of an LLC. Should I Talk to a Lawyer or Accountant?
I'm sure not which type of professional i should reach out to in order to get the proper advice i seek. I want to know specifically how much it would cost to LLC a company and the continued costs on a ...
4
votes
3answers
909 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 ...
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1answer
91 views
Ballpark figure on one-time tax accountant fees
I've registered an LLC in the US as a foreigner. Registration was no problem, but I find the specific tax laws and regulations difficult, especially because it's hard to find clear information on what ...
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2answers
160 views
When should I move from Sole Proprietorship to LLC?
As of right now, expenses are close to zero, and income is equal to zero. Risk of law suits is also very low.
At what point should I move over to LLC? When the expenses, income or risk of litigation ...
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2answers
81 views
Which states do not allow personal negligence to be protected by an LLC?
As a follow up on another question about LLCs, and a comment on an answer -- which states do not allow personal negligence to be protected by an LLC?
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3answers
114 views
Why should I create LLC company?
I confess I don't quite understand the logic behind creating LLC company..
What are the befenits?
Should I do this now that my product(website) is still in development?
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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?
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1answer
112 views
How to sell a shell company
I have a start-up that I established to sell software online. Nothing much came of the business, and so I'd like to sell the software program to a competitor and sell the business as a shell, perhaps ...
0
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1answer
107 views
How to get around florida's public record
I want to start a LLC in florida. However, I am worried about my home address being public info. I know that I can utilize a registered agent, however, the form also asks for the member manager's ...
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2answers
82 views
Help me understand a revenue sharing problem
I am part of an LLC with multiple members. We have multiple revenue streams, and expenses that are shared across the revenue streams.
One revenue stream is suppose to be split 50% to the person that ...
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1answer
166 views
How to withdraw funds from my LLC as a guaranteed payment?
I have checks for my LLC but can I also use electronic transfers? My business account is "linked" to my ING personal account and doing a wire transfer would be less of a hassle.
2
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5answers
281 views
Consulting while working
I kinda have a dilemma! My partner and I, who are coworkers, came up with the idea to start our own consulting firm. Our firm will target our present clients. We are Medicaid consultants in a ...
2
votes
2answers
69 views
I established a multi member LLC and want to elect taxation as an S Corp. What are EIN steps
I have established a multi member LLC and plan to elect taxation as an s corp. Do I obtain an EIN for the LLC (as a partnership) first and then file the form to be taxed as an S Corp. The accountant ...
4
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2answers
278 views
LLC questions for a one-man software shop
I have a few applications that I am about to release on the App Store. I have not yet received any revenue from these apps. I'm also not planning on making a lot of money from them. I'm considering ...
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1answer
93 views
Incorporating IT service consultant work under an LLC
I have a small number of clients for whom I provide IT and website hosting services on a recurring basis (all side-work). While I'm still just breaking even due to hardware/cloud expenses at the ...
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1answer
118 views
Where to base company if I want to move from country to country?
I am in a position where I am able to work from any location of the world. The dozens of clients I work with (currently as a simple self-employed) are scattered throughout the globe, and I work only ...
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2answers
110 views
I am starting a consulting firm. My client is in canada but will pay me in US currency. Should I create an LLC or S-corp
I live in California USA. I have a client in Toronto Canada. They are paying me in US dollars and require a corp-to-corp realationship. Should I create an LLC or S-corp?
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0answers
32 views
Can employers claim intellectual property even if employee has an LLC? [duplicate]
Possible Duplicate:
If I'm working at a company, do they have intellectual property rights to the stuff I do in my spare time?
I have my own LLC. I created it during my time of ...
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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 ...
2
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1answer
84 views
Existing Consulting Biz - Looking to grow, considering new partners
This is a difficult question(s) to get in a succinct message.
I run a profitable consulting firm since 2003, specializing in IT consulting. We focus on 1 'package' from a large software company ...
1
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3answers
448 views
LLC vs S Corp for a new business?
I am starting a new business in California and can't decide whether it should be an LLC or S Corp or an LLC as a S Corp. It would be a single person LLC or S Corp (no other shareholders or ...
1
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1answer
357 views
Choice of LLC Address when applying for EIN online
I was going through the online wizard in the IRS site to create an EIN and I got to a step where it asked me about my LLC Address. I have not filed my articles of organization yet so obviously I ...
1
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2answers
234 views
Freelancing Websites - Do I have to form an LLC (Massachusetts)?
Would I have to form an LLC to do freelance logo design and web design and development through sites like Guru and Elance? This business doesn't sound very risky so could I get away with forming a ...
0
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1answer
222 views
How to set up an LLC company in USA and a bank account for operating the LLC [duplicate]
Possible Duplicate:
How to register LLC in USA or LTD in UK and bank account, for foreigner?
Please help me out to form an LLC company in USA along with a bank account to operate it. I am ...
0
votes
1answer
175 views
steps required to receive payments from app store as a non-US resident
I'm a non-US citizen and have a couple of free iOS applications in the app store. Now, i want to create non-free versions, but i'm trying to gather what are the requirements that i would need in order ...
2
votes
2answers
307 views
Sole Member LLC Tax Advice
This sort of falls into personal finance and money but also has a lot to do with business so I am asking the question here.
I have just recently started a LLC of which I am the sole member. I am ...
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2answers
206 views
Help demystifying partnership pass-through taxation
Situation
I am in the process of deciding which type of taxation to choose for my LLC. Up until this point I was leaning towards Partnership taxation because that is what LLC For Dummies was ...
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2answers
1k views
How do I change my LLC's physical address and set up an out-of-state mailing address?
Last year, while living in Ohio, I incorporated a sole-proprietor LLC, with myself as the only agent. I have now moved to California. I don't want to dissolve my Ohio LLC and re-incorporate in ...
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2answers
187 views
Where Shall I Establish My LLC/LLP?
I am an engineer that will soon be having a sole client, an Austin, TX based company. I will be providing my services while working from my home office (in NY state); occassionally (say, once in a ...
