Questions regarding setting up and operating Limited Liability Companies
2
votes
3answers
363 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 ...
-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 ...
1
vote
1answer
630 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
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
925 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
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 ...
3
votes
3answers
413 views
How to bring in a partner into an LLC?
The company I am joining is an LLC at the moment. The founder wants me to join as a co-founder of the business and the founder has agreed to give me 15% while he has 85%. We got a partnership ...
1
vote
3answers
342 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.
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
297 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 ...
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
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?
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 & ...
2
votes
1answer
171 views
When do we need to become an official company?
So I'm starting a new venture with a friend of mine. Basically, we are not going to be looking for seed funding, or really any funding for that matter. We are going to be up fronting the costs to our ...
1
vote
2answers
216 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
389 views
how to convert a single member llc to a corporation
I'm thinking about registering a single member LLC to simplify tax reporting and costs involved with registration and maintaining a registered business. In the future, I'll need to raise capital and ...
4
votes
1answer
214 views
Foreigner opening online store in the USA
I'm from Europe, don't plan to move to the USA
I will open an ONLINE store ONLY (no physical stores)
Goods will be imported from Europe
Shipping will be handled by the fulfillment company
I am ...
0
votes
1answer
230 views
How will a registered agent protect my privacy?
If I get a registered agent for my LLC, does that truly protect my privacy? So if an employer, friend, coworker, relative, etc wanted to find out who owns the company, could it be done?
What are the ...
1
vote
1answer
163 views
What is a registered agent?
I'm researching how to start an LLC. I found a site called LegalZoom and when you fill out the forms, one question they ask is:
Who will serve as the Limited Liability Company's registered agent?
...
0
votes
1answer
170 views
Pay a lawyer to convert partnership to LLC or do it myself?
I recently started a partnership (4 months ago) and now I want to convert it over to an LLC. We are starting to generate profit and we would like the limited liability protection. I've been thinking ...
1
vote
5answers
455 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 ...
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? ...
1
vote
1answer
136 views
Withholding Requirements
I started an LLC in NY with LegalZoom back in January and have not been paying much attention to the "Withholding Requirements". I don't have employees and I'm not getting paid, do I need to file ...
1
vote
1answer
150 views
I want to sell my company after 1 year and would like to pay long term capital gains tax. Should I go for LLC ro C/S copr?
I have read some questions and asked some people. I have not got the answer.
I understand the basic difference between LLC and C/S corp . I am not sure about long term capital gains tax.
Suppose I ...
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
113 views
How do I register to pay taxes?
I've started an LLC in quarter 2, did some work and got paid. It was a great amount of fun! Now the terrible part. I need to pay taxes.
I'm okay with that. I knew the day would come. But the question ...
3
votes
1answer
509 views
Forming an LLC in Delaware but members live in Idaho, California, and Texas
We recently formed a new LLC in the state of Delaware. The company is entirely web based and has 4 members located in 3 different states: California, Idaho, and Texas. The reason for forming in ...
2
votes
3answers
142 views
Several different busines pursuits--1 LLC, 1 LLC with DBA, or LLC for each
Just started a seasonal service based company last year. Currently, looking to open up a retail location with residential units above, and manufactoring a product that will be sold in tourist ...
2
votes
1answer
427 views
How to get hold of extra money if my company is LLC but elected to be taxed as S corp
I live in miami and am about to form an LLC. I have also decided that I would elect to have my LLC to be taxed as S corp. I will be the only employee for next 6 to 9 months.
Since it is a S corp I ...
1
vote
1answer
68 views
What would have to happen to force disclosure of the members in an LLC?
When the Operating Agreement is housed in the executive offices vs. the attorney of the members?
3
votes
2answers
268 views
When doing business in multiple countries, how should an LLC structure bank accounts?
Should there be separate accounts open at a bank in each country? Should they all be with one bank that has branches in each country, how is that typically done?
3
votes
3answers
118 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 ...
2
votes
1answer
137 views
Where are the owners of an LLC recorded?
Most states do not require an LLC to publicly disclose the names of its members. Where are the LLC's members recorded? Is it only in the Operation Agreement? I know ownership is assigned in the ...
2
votes
2answers
274 views
How to get an LLC license for my Blog business?
I've been blogging for a while now and I would like to establish my blog as a business (LLC). I heard that its the best license that suits a blog business.
Any suggestions as to where I can get the ...
3
votes
2answers
108 views
Ending an LLC in Michigan
I recently moved from Michigan to Texas.
I did some research and i decided it maybe easier to end my LLC in Michigan and reform one in Texas where i currently reside. The laws are more conducive for ...
2
votes
1answer
101 views
Is an LLC the right legal entity when considering investors in the future?
My partner and I want to open a franchise restaurant. I primarily want to incorporate to protect against random lawsuits. We haven't decided between fully funding ourselves or seeking investors. If we ...
3
votes
2answers
409 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 ...
0
votes
2answers
183 views
Most tax beneficial way to incorporate as a contractor
I am currently contracting as a software engineer on a W2, and I am thinking of incorporating. Which is the most tax beneficial way, an LLC, sole proprietorship, S-Corp?
Keep in mind that at this ...
2
votes
3answers
531 views
Equal Member Against Placing a Buyout Clause in the Operating Agreement
My 3 man equal partnership disagrees on a key issue regarding placing a buyout clause in our operating agreement. One of the three is deeply against any buyout close for both his status as a member ...
1
vote
2answers
200 views
Donation Platform: LLC or a 501(c)(3)?
I am starting a for-profit online donation platform. My company currently is an LLC and I have gotten conflicting reports on whether or not I need to convert to a 501(c)(3) so that the passthrough ...
2
votes
2answers
65 views
Income Tax + Business
I'm looking into starting a formal business, and need a little help. I currently go to a public university and have a scholarship that is based on the fact that I, personally, don't claim more than ...
0
votes
2answers
619 views
Do I need an LLC for a website that makes money from ads?
I was looking for some important startup advice for something I am trying to start. I am creating a financial planning/informational website with a buddy. The only way we are going to make any money ...
1
vote
1answer
109 views
Provide services to S Corp through LLC
I am part of an LLC along with two other partners. One of the partners wants to provide services to a company as a source of additional revenue. I am ok with that but since the compensation for the ...
4
votes
2answers
823 views
Company formation for a non-resident – Delaware LLC and London LTD
Got a few questions about forming a single member LLC in Delaware or LTD in London. I’m looking into forming a company abroad for an easier way to do business and billing (+ its cheaper) and am ...
5
votes
2answers
3k views
Rental Property LLC tax deduction advice
If I form an LLC and my new company buys a duplex rental unit, my understanding is the 'company' taxes will be a pass-through to my personal 1040 income tax forms, with the appropriate forms.
I ...
0
votes
2answers
108 views
LLC advertising
I have established an LLC online, but I've been told I need to by law, advertise the LLC's existence in a local/national newspaper. Is this true?
3
votes
3answers
670 views
Moving to another state, do I need to relocate my LLC
I have an LLC for my custom software development business. It is currently registered in Virginia where I have lived for years. Now I am moving to NC because of my wifes work. Everything I do is ...
2
votes
2answers
1k views
How to determine the value of an llc
I have a two-part question:
I need to know how to determine how many membership units should be issued for each member, including a new member.
I have an LLC with three members. Each member ...
1
vote
3answers
332 views
Is LLC the best option?
We are planning to sell iPhone, iPad and Android apps in US Market. We have a company in India having 4 directors.
I think we will have to open up a company in USA for this. Do you guys think, ...
