Questions regarding setting up and operating Limited Liability Companies
0
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1answer
165 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
votes
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 ...
1
vote
3answers
191 views
How much postal mail should I expect to get as an LLC?
I am starting an LLC in January 2012, and I'm evaluating various ways of obtaining a postal mailing address that is not my home address. I have to take into consideration the cost of such a service, ...
3
votes
3answers
192 views
Is it worth it to create an LLC through Nolo?
Situation
I am in the process of educating myself about the inner workings of an LLC, it's forms of taxation, maximizing deductions, etc. through a couple of books from Nolo, along with Limited ...
1
vote
2answers
145 views
Changing from self employed to an LLC
At the moment I work self employed as a web developer creating websites.
One such website has become fairly popular and I'm considering adding trademarks etc, is it possible/straightforward to switch ...
1
vote
1answer
333 views
Setting up a small business in United States with Canadian citizenship?
Where can I find more information on setting up a small business in USA as a Canadian citizen? I need to incorporate in the USA, would this automatically allow me to work in USA? Or does there need to ...
2
votes
2answers
1k views
Filling out a W9 as a Single Member LLC
I previously operated my consulting business as a sole proprietor operating under my own name, using my SSN on W9 forms, etc. I have since registered an LLC and am starting to bring in clients. I have ...
4
votes
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 ...
2
votes
1answer
83 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 ...
0
votes
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 ...
0
votes
1answer
116 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 ...
0
votes
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 ...
2
votes
2answers
1k views
Non-diluting equity for founders on an early startup LLC
The CEO of a LLC early startup plans to assign non-dilutable equity to the founders. Each founder will take a small amount of equity, leaving a pool for future employees and investors.
IMHO, what ...
2
votes
5answers
1k views
LLC or S-corp for a 2 person California consulting company
My business partner and I currently work as independent contractors in California writing software and have decided to turn it into a real company. Ownership will be 50/50. All revenue will come from ...
7
votes
4answers
359 views
Creating a Business for Side Programming
I'm an Android developer that has made money over some of the apps I've created in the past year. I have no corporate filing so I am currently considered a sole proprietor in the state of Florida. I ...
1
vote
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
vote
1answer
205 views
Need to include expenses you paid yourself on an LLC's tax return?
I may have made a goof here and want to fix any problems.
I formed an LLC in 2010. In 2010 and early 2011, I paid the LLC's expenses out of my own bank account, using my own checks, and I had no ...
2
votes
2answers
305 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 ...
3
votes
1answer
113 views
Do health insurance premiums reduce an LLC member's capital account?
If the LLC covers the health insurance premiums for the members, does the amount get deducted from the member's capital account?
1
vote
2answers
233 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
votes
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 ...
5
votes
3answers
372 views
Selling assets of my company, can I treat as capital gains tax at 15%?
I've been approached by people wanting to buy the assets (not stock) of my company (single member llc) which consist primarily of
my mobile app
its source code
the server code that supports the app ...
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 ...
0
votes
2answers
202 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 ...
2
votes
2answers
841 views
Address to use? - Registering as a Foreign LLC in CA, formed in Delaware
I have a home business and clients will never need to come to my home in order for my business to operate. If I form my LLC in Delaware, I will have to register as a Foreign LLC for the state that I ...
1
vote
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 ...
0
votes
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 ...
0
votes
1answer
125 views
Foreign LLC Fee for a non-US entity?
I'm thinking of working (as a contractor) for a Texas based business; I am interested in forming an LLC/LLP, and looking to do so in the most cost effective way.
I read that A LLC must register as a ...
2
votes
3answers
456 views
Using a UPS mail box for LLC
Anyone form an LLC in PA? I have a couple of questions. I plan on getting a UPS mail box. I'm looking to get a register agent so that I can separate my business from my home address.
1 - For bank ...
2
votes
1answer
150 views
Tax obligations of foreign operations for a US LLC
I live in a country where corruption and bureaucracy are widespread. Opening a business takes months and costs a lot of money, and will require one to hire somebody solely for handling all ...
2
votes
1answer
153 views
Software E-Commerce/E-Business Foreign Entity LLC and License and Tax requirements
I am wanting to startup a software, app, games business conducted through the internet.
I am in Missouri, the state where I plan to do work from.
I did research and found that Delaware or Nevada would ...
0
votes
0answers
78 views
Can you shield your personal assets under an LLC? [closed]
Situation
I understand that an LLC acts as a legal barrier to protect your personal assets (savings, home, car, etc...) if you were taken to court on a judgment, all of those items unless extreme ...
1
vote
1answer
288 views
How Claim Operating Expenses on Pass Through Multi-Partner LLC
The LLC has operating expenses (e.g., internet, phone, etc.). How are these passed through to the partners? Form 1065 ln 20 provides for Other Deductions such as these (I believe). However, Schedule K ...
1
vote
1answer
476 views
Should I register an LLC for iOS development?
I am currently developing an app that I intend to release commercially through Apple for iOS. If that is the only freelance development I am doing, are there any benefits to registering an LLC before ...
0
votes
3answers
262 views
New LLC - Initial Investment
I have a newly formed LLC in California which I did through Legal Zoom. I understand I need to be careful with cash flow (with respect to where it comes from and goes). I am also in the process of ...
2
votes
1answer
124 views
Is it dangerous to buy equipment for a new LLC without guaranteed Income yet.
Hopefully I will manage to create an LLC pretty soon, within the next few weeks. I do not own a laptop and I was thinking in buying a laptop then I can write it off as a business expense.
What ...
4
votes
3answers
3k views
How can you keep money in an LLC account when it isn't taxed directly?
I know LLCs can be pass-through tax entities, so you don't pay tax at the LLC level but only on the income of each member. Is the money only taxed when used to pay members? Can you keep money in the ...
1
vote
3answers
124 views
Do I need to worry about estimated taxes if I hold a full time job?
Let's say I expect to generate $500/month of steady income from my side company (single member LLC). I work FT during the day and taxes are paid accordingly. Do I need to worry about estimated taxes, ...
1
vote
2answers
139 views
Getting started with an LLC
Two friends and I have run a website for a year or so and now we are about to add in our premium model so we can start bringing in some money. I have been advised that we should register an LLC prior ...
1
vote
1answer
48 views
What should happen first: File for the Business or Find a Place to do Business?
The question came to mind when I went to file for the business which will be an LLC in Florida. One of the questions that came up was the address in which I will be conducting business. On the other ...
1
vote
1answer
1k views
How to “pay” one self in a single member LLC w/ separate checking account?
I own a side company creating web apps. I formed an LLC, registered an EIN and opened a business checking account. Recently, I sold a copy of my software for let's say $10,000. Now, since everything ...
0
votes
4answers
3k views
Do I need a DBA for my website?
I just registered my LLC, do I need a DBA if the business will be conducted under a domain name only?
Also, what is the "business start day" for an internet company?
1
vote
2answers
113 views
Address used on business license made public?
Starting a home-based internet services company and need to get a business license. Is the address I list to obtain my license {in this case my home address} made available to the public?
1
vote
3answers
300 views
100% virtual business, what city do I get a business license for?
I will be offering virtual business services online and could potentially be "working" from anywhere. Where should I get my business license? Does the city I get it for legally matter?
2
votes
1answer
108 views
What should I watch out for when closing an LLC?
I'm declaring one of my startups kaput and moving on to another. The first venture, Stronico Contact Management, was an llc and had a ten percent partner. We declared it closed by mutual agreement ...
2
votes
1answer
83 views
Transfer product into LLC
In the last couple of month, i've built a cloud based application and it's now ready to launch. I also applied for LLC in California in last month, but waiting for the application to complete.
My ...
0
votes
2answers
58 views
Incorporating in Delaware, Does the owner have to create publications to be recognized as an LLC?
I'm planning to incorporate in Delaware. But not sure If from the start I have to create an x amount of publications to be recognized in the state as an LLC.
I incorporated an LLC In NYC and it was a ...
0
votes
1answer
424 views
How to convert a single member LLC into a LLC with multiple members?
I started as a single member LLC. I found some great partners. How do I add them into the LLC as members?
What needs to be signed between us, is there a specific document we should maintain?
Who ...
1
vote
1answer
81 views
Using DBAs For LLC
I am in the process of forming a LLC so that I may sell a product with the protection that an LLC affords. I am the sole member of said LLC.
I now have two more completely unrelated (to the LLC, but ...
2
votes
2answers
70 views
Are there restrictions on names for an LLC in California?
I'm forming a LLC in California in the coming months and I have come up with a few good names. Can I simply pick the one I like best and run with it (have graphics made, etc) or is there a chance that ...
