Questions regarding setting up and operating Limited Liability Companies
1
vote
2answers
332 views
Should company name include .com?
During the process of registering a LLC, it you are supposed to call it CompanyName, LLC.. My company is an online business. Is it best to register the offical name as CompanyName.com, LLC or ...
4
votes
4answers
457 views
Should I incorporate or do an LLC?
I am building a startup. Right now I am thinking of having a company that is an umbrella around the different attempts I make. Which would you suggest? Should I incorporate or do an LLC? What are the ...
3
votes
3answers
239 views
I have a site and a company. How do I actually put the site as owned by this company?
Essentially, a site is just something independent that lives on the Web. How do I actually associate that site as being protected under legal liability of my LLC company?
Does it just happen ...
2
votes
3answers
718 views
Formulas for valuing an LLC for employee ownership plans
We're planning on offering some key early employees equity in our startup, an LLC, in the form of ownership shares. The benefits include:
- proportional sharing in distribution of profits
- ...
1
vote
2answers
205 views
Which Delaware LLC package should I purchase?
If I am planning on starting an internet based LLC, which package should I purchase? Economy, Basic, or the Complete Package?
...
3
votes
2answers
88 views
How can you find a legal expert or a legal partner for an LLC you're creating?
How can you find a legal expert for an LLC you're creating?
I'm in the Providence, Rhode Island region and am wondering where I should look to find legal experts so that I do not get fined or taxed ...
6
votes
3answers
4k views
How do you actually setup a vesting agreement for co-founders w/out breaking the budget?
I'm based in Hong Kong. I've read through a lot of information about share vesting for co-founders and realized that is definitely the solution I want. I'm now trying to figure out how to actually go ...
4
votes
1answer
301 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. ...
14
votes
3answers
726 views
Overbudget and unable to complete software contract. What can I do and what can I expect to happen?
This might be a slightly long story, but I really would appreciate any help you can give me here. I am a young entrepreneur and currently run a struggling website development / software company.
...
1
vote
1answer
128 views
Filing Estimated Taxes?
When I started my single person LLC earlier this year, I didn't expect to make a profit in my first year. As I understood it, I didn't need to file quarterly estimated taxes because I wasn't going to ...
4
votes
1answer
446 views
Is there any tax advantage or incentive to leave money in an LLC at the end of the tax year?
We're forming a 2 person LLC and part of what we're trying to figure out is how much to leave in the LLC to build up some capital reserves.
Since an LLC is a pass through tax entity if the LLC earns ...
3
votes
8answers
3k views
What is the cheapest state to start an LLC in?
I'm curious about filing fees and annual taxes in the various states. Is there anywhere that breaks this information down in a clear easy to understand format?
2
votes
2answers
116 views
Deciding on a tax structure
I wish to start a small business and while at first the goal will be to strengthen a community it would be nice to possible make money in the end. A group of us has gotten together to work on this ...
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 ...
6
votes
3answers
647 views
Formed Single Member LLC. What are pros and cons of filing form 8832 to be taxed as a Corporation?
I recently formed an LLC for my software side business. The income generated is between 5-10k a year. I have also filed and receivied a Federal EIN.
I think I intend to take money out or "pay myself" ...
1
vote
1answer
273 views
Accepting checks made out to my LLC
I've just started a new LLC in Wisconsin. I've done some Googling and I found out that I need to fill out "some forms" and give the bank some "notifications" before I can accept checks made out to my ...
1
vote
2answers
69 views
U.S. customer perceptions of foreign based online services/applications
Were are working on an online service that will sell both digital and physical goods in the U.S. Orders for physical goods will be fulfilled by U.S. based suppliers.
I am American but based in Spain ...
2
votes
1answer
581 views
Start and Operate an LLC from India
I am from India and we are planning to set up software company which will have majority of clients from US. We wont be having any company representative over there and we will operate from India. I am ...
4
votes
3answers
171 views
Are EINs required for LLCs?
My business partner lives out of state (in WI), but our business is going to be an LLC in WA, where I live. We don't have any paid employees just yet (shoot, we aren't even getting paid yet!), though ...
1
vote
2answers
851 views
Separate Personal Bank Account for a LLC
I understand that you always want to use a business banking account for your LLC lest you lose legal protections by intermixing personal money with business money.
Does the same apply if I were to ...
1
vote
1answer
202 views
Options Paying a co-partner in an LLC
My partner and I are starting an LLC in california. We are in different financial situations, I have enough of a nest-egg to not take a salary, he does not and needs an income asap.
We have also ...
1
vote
1answer
558 views
What happens if we set ourselves to be the registered agent in New York for an LLC
We recently setup an LLC in New York State with Legal Zoom. Due to a mistake on our part or theirs, they set our registered agent to one of the partners at our company office. We usually won't be ...
1
vote
2answers
361 views
Freelance Application Developer forming LLC
I'm a super noob when it comes to this stuff, so please bear with me...
I do a little freelance application development work on the side, and this has recently started to increase. I just took a job ...
2
votes
4answers
318 views
One-man startup wondering if I should recruit help, and the smart way to go about it
I'm looking to start a website to supplement my day gig. I have the ideas, funds, and skills to do pretty much everything by myself, except for the front-end design. I plan to own the site under my ...
6
votes
7answers
576 views
Prospective partner refuses to sign no-compete as person
After much search, it seemed that I have found a suitable partner for my IP based startup. Things seemed to have progressed well until I asked him to sign a no-compete agreement as part of the deal. ...
5
votes
2answers
619 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)?
2
votes
2answers
558 views
Costs associated with starting an LLC in Massachusetts?
I am going to be starting a LLC business (wedding photography) and I was curious about the associated costs. The business will be registered in Massachusetts. I understand that an exact number may not ...
1
vote
1answer
254 views
Rental Home LLC
I currently own 2 houses, one of which is currently a rental property (and rented out), and the other will be starting in june. Is it worth it for me to form an llc, and can the llc own those houses ...
0
votes
3answers
295 views
Single person LLC, with overseas employee and double taxed
I have a single person LLC setup in the US and have someone who works for me in Colombia and will be paid a percentage. Since all the money from the company would flow into the US account and be ...
4
votes
1answer
361 views
US Taxes Filing Process for Zero Revenue LLC's
I am currently employed full-time but the rest of my time is spent on my startup LLC. I was wondering when the US taxes deadline is for LLCs and, more importantly, what the filing process is when you ...
1
vote
2answers
604 views
Can I pay a passthrough LLC member via a paycheck instead of a distribution?
I was doing the books for an LLC last year and our accountants told us that paying one of the members via payroll was not the correct way to pay them and that the member should be paid via a ...
0
votes
2answers
382 views
LLC, how to get paid?
A friend and I have started an LLC. We'll be doing web/interactive and video services. Since some of these services take longer than others is it ok for the members (my friend and I) to be paid ...
6
votes
1answer
886 views
C Corp vs LLC Taxes
I'm trying to figure out the various taxes taken out for a C Corp vs LLC. Single-member/ shareholder. (C Corp has more deductions.)
C Corp: (1) Tax on profit (after deductions), (2) Payroll tax ...
1
vote
1answer
255 views
Business Operating under 2 names for CC purposes
I currently have a LLC that I am operating under. I am wanting to start a web service that will be accepting credit card payments. The web service will go under a name that is very different then my ...
0
votes
3answers
200 views
Multi-state member web design company - Do I need a registered agent in each state?
After a TON of reading over the past few weeks, I think I am almost ready to file for a LLC. My only remaining question is:
We are a four member team, each in a different state. The company will be ...
1
vote
3answers
497 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 ...
5
votes
3answers
2k views
Should we convert our LLC to a C-Corp?
We've reached a point where we need either hard capital or strategic hire capital and as an LLC it seems like it is much harder to grant capital (either immediately or in a vesting process).
Also, ...
0
votes
1answer
102 views
business start day
Does anything of the following constitutes as a business start day for my newly formed LLC?
Paying freelancers to build the website which the LLC will be conducted under.
Revealed to the press that a ...
4
votes
7answers
723 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.
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
3answers
326 views
Can a Legal Immigrant file for a LLC or Corporation?
I'm on H1B visa. Is it legal to register a LLC or corporation?
0
votes
5answers
266 views
Some advice on if i should register as an LLC, corp or none of the above
I'm going to be working with some friends to start up a few websites. It won't always be the same group of people working on each site. Initially we expect to make no money on any of these sites. In ...
2
votes
1answer
3k views
How to value intellectual property capital contributions to LLC?
My LLC operating agreement details the cash and non-cash initial capital contribution of the members. One of them is contributing the source code of the program that will be basis of the company.
...
1
vote
2answers
548 views
How specific should my answer be for type of business on the California LLC-12 form?
In the California LLC-12 form, Item 12 is "Type of Business". How specific should my answer be? I want to leave it as general as possible give myself the maximum flexibility.
In case I need to be ...
2
votes
4answers
248 views
Where to form LLC for military?
I am active duty military and looking to create an llc for a web app I'm building in my free time. I am a Florida resident but I'm stationed in Georgia. I'd like to keep everything in Florida if ...
1
vote
3answers
348 views
Property in state A. Can I make an LLC in state B own it with minimal hassle? (not doing any business, just holding the property)
I have property in state A I want a new LLC in State B to hold. The LLC wouldn't be doing any business or have income. If I want to get maintenance on the property (not lawsuits) would the companies I ...
2
votes
1answer
223 views
Florida LLC Filing Address for Apartment Renter
I live in an apartment in Florida and I have a PO Box. My lease contract prevents me from registering a business as the physical address.
I was going to use my PO Box but the registration form says ...
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 ...
3
votes
1answer
415 views
Can US LLC own Indian Pvt Ltd
Does anyone know if a USS LLC can wholly own an Indian Pvt Ltd company?
I know that many countries consider LLCs to be sole proprietorships and therefore do not allow them to own Pvt Ltds. Does ...
3
votes
3answers
934 views
Granting LLC membership units to employees upon sale or acqusition
My company is an LLC incorporated in Massachusetts. We're looking for a way for our employees to participate in any upside if the company is sold or acquired. We don't want to award membership units ...
