Questions regarding setting up and operating Limited Liability Companies
0
votes
1answer
364 views
LLC or Business Trust w/DBA?
I have been working starting a small single person (me) business and I wanted to know what would be the best entity it should be organized as ...
File a DBA with the registrant is a business trust? ...
0
votes
1answer
204 views
LLC with vesting shares possible?
I'm currently trying to decide if my startup should be an LLC or a Corp. (would probably make the S election for either case). This will be formed in Massachusettes, USA.
From what I've been reading ...
3
votes
1answer
114 views
LLC with contractors
I am not a US citizen and I want to create a company and work with many contractors outside US. It will be software development company. Company will be delaware based LLC, and office will be located ...
2
votes
2answers
249 views
Tax implications of giving out prizes/raffles for my startup customers
I've ran a few contests / giveaways on my site for new customers. So far I've given away a color nook, 2 rounds of golf, and 2 ski lift tickets. Just some stuff to get people more active in the site.
...
1
vote
1answer
145 views
Valuing intangible assets in an LLC sale
Upon sale of an LLC, how would I express the values of intangible assets the LLC has generated (e.g. certain access rights, processes and procedures, IP, and customer relationships)? These are assets ...
1
vote
1answer
138 views
How should I account for the financial losses by my LLC?
All the investment to my company now is my time and skill. But I do have to pay out of my own pocket for elance, cloud computing, etc. These, based on my understanding, would be counted as "loss" of ...
1
vote
2answers
146 views
PMB and registered agent
I have seen PMB (Private Mail Box) services from The UPS Store, etc. I have also seen Registered Agent services. Are there any places that do both? One would seem to be a natural/common extension ...
0
votes
2answers
282 views
What should I put as “the nature of business” in my LLC application?
I am filing for a LLC. It asks for the nature of business, what I should put in there? What my company doing, in one sentence, is - "provide location based service via web/website and mobile device ...
2
votes
3answers
275 views
LLC, 3 members, 1 wants out
I am a member of an LLC along with two others. We each own 33% of the company and have invested very little.
One of the three members has expressed interest in cashing out, severing all ties to the ...
1
vote
1answer
148 views
LLC now and C-Corp later?
I am currently working on my startup myself without any income, but looking forward to release it soon in a month or so. By reading through all the Q&A, I was not able to find info on this ...
1
vote
2answers
184 views
Does an LLC provide equal liability protection as an S or C corp?
My early stage startup is at the point where we need to form a corporate entity. I've read a lot on the web and here about the advantages and disadvantages of the LLC vs C-Corp (and the tax accounting ...
1
vote
3answers
252 views
DBA for an LLC Name?
Do I need to get a DBA for a LLC because of the short name? For example if the name of the company is MyBook, LLC, do I need to register for as a DBA if I just put "MyBook" as the name of the company ...
2
votes
1answer
84 views
Share offer of a US company for non-US resident
As a small team of 2 developers, we have done a good job on developing the work of a client, which is now becoming a startup and founding a LLC, they want to give us a 10% equity of the company. In ...
4
votes
7answers
725 views
I have an LLC, what's next?
I got the docs for my LLC and EIN, is there anything I should fill out or must do after setting up the LLC? The LLC is for a internet startup, offering a service free or charge, but might have ads.
2
votes
2answers
127 views
does anybody know of a non-us country with low cost of incorporation
so from what I've seen the US offers quite low incorporation cost (it appears that you can form an LLC just by a few hundred dollars)
my question is, is there any other country that satisfy these ...
0
votes
1answer
30 views
CA LLC: What form do I file for minor name change?
Our startup's name is "Name LLC" and we're being nitpicky about it in hindsight and want to add the comma in there legally and recognized in the state's documents so it appears as "Name, LLC". What ...
0
votes
4answers
946 views
Is 50/50 partnership in an LLC a good idea when partner has idea and money?
I have seen similar questions, but am curious if this seems like a fair arrangement.
Partner and I have already started a 50/50 split LLC.
Myself: Technical vision, skills, no capital investment ...
2
votes
2answers
350 views
Can a US LLC do business in Canada?
We have registered an LLC from New Jersey and now we have have got couple awesome projects from Canada. They are software projects. Can we do them from here (US)? How about the taxes? Can some please ...
1
vote
3answers
88 views
Utilizing revenue in an LLC as an investment, not income in a new year
We are currently in the month of December and have about $10K (all revenue - all expenses) in our LLC's account. We plan to use this to invest on a project early next year. Unfortunately, it is not ...
3
votes
1answer
118 views
Suggest best way to process payments?
We are from NJ. Our start up consists of 2 people. Previously, all of our clients were through our contacts, so we just accepted cheques for payment and deposited them in our Bank of America small ...
1
vote
1answer
526 views
LLC Tax Filing - No Income
I am a member of a three-person LLC company. We have only been registered for about four months. Do I need to file tax returns for the LLC if there was absolutely no income, only expenses?
2
votes
4answers
283 views
Three-person startup not sure which state to incorporate in
Currently forming a three-person startup; our members live in Tampa, Florida & Hayward, California & Arlington, Virginia.
It will be a politics-based web game, and we are reasonably sure ...
2
votes
3answers
364 views
Where to incorporate software startup?
The scenario: we are a startup software company that will be selling our applications through Apple's network (iTunes and Mac App Store).
One co-founder is located in Toronto, Ontario. The other in ...
1
vote
1answer
84 views
We are an LLC from NJ, can we hire this guy from Canada, who is a temporary resident?
We are a small software based start up in NJ, we recently got a couple of projects from Canada and we're loving them.
We came across this guy in Canada, he is very talented and we think he will be ...
-2
votes
2answers
109 views
type of company which Investor will invest [closed]
I am living in south Asian country and having a new web start up which most of my main customers are from USA and UK.
At the moment my website received a lot of positive feedback. I haven't form any ...
2
votes
1answer
205 views
Taking a Paycheck from LLC
I recently created an LLC and was curious to how I should take a paycheck from the business account. Up until this point, I haven't taken a paycheck and will need to soon. The business has a bank ...
1
vote
1answer
528 views
Is it legal to accept donations as an LLC?
Similar questions have been asked, but I'm still not completely understanding. I have an LLC that sells apparel, and people have offered to give us donations because the idea of our company is to ...
0
votes
3answers
201 views
Business Expense Question: Paying Rent
I have an LLC set up, and am learning my way with regards to keeping books etc. I was told recently that I can use the business bank account to pay up to 50% of my rent (being that I am the owner, and ...
1
vote
1answer
211 views
What is the best way to set up a new entity/name under an existing LLC?
We have an existing LLC that operates as an independent contractor providing services at multiple locations in the local area. We would like to set up another entity that provides the same service, ...
5
votes
4answers
895 views
How to register LLC in USA or LTD in UK and bank account, for foreigner?
I am from Serbia, Europe (Not Europe Union country). I develop Android apps and would like to sell them on Android market. I can not register for Google merchant account from Serbia so I need business ...
1
vote
2answers
164 views
How can I transition my personal funds to my LLC funds?
I am registering for an LLC after freelancing on the side.
My current clients are writing checks to my name.
Do I just simply cash these checks into my business account going forward?
1
vote
2answers
429 views
Operating agreement vs Founding Agreement?
I am part of an L.L.C. and have heard a lot about operating agreements and founder's agreements. Can anyone clarify the differences between the two for an L.L.C.
Thanks!
1
vote
2answers
355 views
How to split up LLC ownership?
My friend and I are planning on forming an LLC around some services we are providing.
I am working fulltime on our services and started the initial work 6 months in advance
My partner has a fulltime ...
0
votes
1answer
82 views
Dividing an LLC and bringing more partners down the road
I have been developing a game for 3 years now. And recently, a friend has joined me to work on the game with me. By next year, we plan to bring along an artist and musician to help us finish the game.
...
4
votes
1answer
302 views
How To Do Single Person LLC Accounting?
I am in a single person LLC, so I am allowed to file my taxes on my personal return and I don't have to cut myself paychecks. I would prefer to take all of the money out at the end of the year. ...
12
votes
5answers
566 views
Sole Proprietorship vs LLC
From what I read there are two basic types of business recommended for a single person business (in the US):
Sole Proprietorship
LLC
My wife is looking to start a business for blogging/selling ...
1
vote
1answer
631 views
Questions around adding a member to my single-member LLC
First I'd like to thank everyone for the Q&A's on this board. I've already spend hours reading many posts here.
I'm a developer who started a sole-member LLC here in California for my mobile web ...
1
vote
2answers
217 views
Can a personal checking account be opened to make purchases in an LLC?
I am wondering what is the best bank to use for opening a developer account with apple for selling apps. I have seen that many banks charge $0.40 for transactions which would make no business sense ...
1
vote
1answer
311 views
Considerations such as vesting for Founder Agreement
I'm planning to file a Delaware LLC for a partnership where I'm the majority owner of our self-funded startup.
One key goal for me is to incorporate a vesting option among owners where equity is a ...
3
votes
2answers
930 views
California taxes for single-member LLC: did I get them right?
After reading and reading about taxes, I think I've grasped which taxes I should pay and when to pay them. Still, it'd be really great if someone could confirm I have it right. I will appreciate any ...
1
vote
3answers
498 views
How many companies or LLCs exist where at least one of the partners did not put up capital to receive equity in the LLC?
How many companies or LLCs exist where at least one of the partners did not put up capital to receive equity in the LLC? For example, in an online business one partner may pay all of the bills while ...
1
vote
1answer
151 views
I'm considering moving out of state — what costs will I incurr if I take my LLC with me?
I have a LLC registered in NJ, and am thinking of moving out of state. What costs will I incur transferring the LLC to another state (if that is possible)? Will I have to dissolve the LLC in NJ and ...
4
votes
4answers
183 views
How should I structure my web start up considering one of my new partners is in Sweden?
I've started a website that has gained significant popularity. While we don't make any money yet I now require the help of another person. The individual that I have brought on lives in Sweden. I want ...
1
vote
3answers
344 views
How do I set up a new company with multiple enterprises?
We want to start a single business with a variety of different offerings that have their own identity to the public. We have an overarching business name that we think we would register as an LLC and ...
1
vote
2answers
108 views
Rules for using company's registered name
If I've a company registered as Abcd LLC, is it safe to write it as ABcd in email templates etc. ? or are there rules for that.
3
votes
2answers
410 views
Is there a tax liability for reverse vesting founder stock/units?
A friend and I formed an Oregon LLC in 2008 for an online business. Now we're up and running and both working on it full-time. Now we've both moved to Texas and want to re-form as a Texas company ...
1
vote
1answer
154 views
How does a US Citizen living in Europe register an US based LLC from Europe?
I am a US citizen currently living in Poland (EU state) and would like to register a US based LLC from here.
Is this possible?
If so:
How?
How much is the cost?
What are the positives & ...
1
vote
1answer
195 views
In what state do I register my LLC?
I am starting a consulting firm with my friend who lives in Washington, D.C. but I currently live in Virginia. To make matters a little more interesting, I will also be moving permanently to ...
1
vote
2answers
298 views
Online business and state registration?
I'd like to form an LLC for an online business in a state other than mine (I live in California), but am not sure about the state in which I should register the business afterward. The business will ...
1
vote
1answer
131 views
Taxes for DE LLC
I am based in Texas but my company is registered as an LLC in Delaware. If I sell subscriptions to web-based software tools (SAAS) do I need need to collect taxes and for which state?
