Questions regarding setting up and operating Limited Liability Companies
9
votes
3answers
5k views
Simple Overview of LLC Pass Through Taxation
I understand that an LLC filed as a Partnership to use Pass Through taxation is not required to pay quarterly taxes. In this scenario, the owners pay taxes on the dividends received.
But how does ...
5
votes
4answers
893 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 ...
6
votes
2answers
1k views
How does a business owner take money out of their business
Let's say I own a business selling widgets on the web. I'm incorporated, most likely an LLC. The business is doing really well and there is a lot of cash flow. Since I'm separated from the business by ...
5
votes
3answers
1k views
What questions should I ask when interviewing a potential accountant?
We formed our LLC a few months back. We're developing a software product and we're planning to launch a very small private beta test in about a month. I'll be doing our bookkeeping, but I need help ...
1
vote
1answer
402 views
Annoying startup Tax question - I moved, company didn't
I started my LLC in Michigan in 2009, filed the required paperwork, and sent in my tax return for 2009. My company was just myself, and I worked out of my home in Michigan.
After getting married ...
2
votes
2answers
2k views
Do we get taxed if we don't generate any profits?
All,
If I have an LLC, but during the financial year we haven't generated any profits yet, do we still get taxed? Does the law differ for each states in the US?
3
votes
4answers
2k views
What does it entail to form LLC in Nevada, if I live outside Nevada?
What does it entail to form LLC in Nevada if I live outside Nevada? I would like to benefit from Nevada's tax/business-friendly laws.
I would be the sole founder a software business. The product(s) ...
9
votes
3answers
7k views
How many times a year do LLC's have to file taxes?
If I start an LLC where I am the only owner, do I only have to file taxes once a year (without getting penalties of course)?
4
votes
1answer
323 views
What questions should we be sure to answer in an operating agreement?
I'm at the point of forming an LLC with a partner, and wondering about questions that aren't obvious but that should definitely be included in an operating agreement. Questions like,
What are the ...
3
votes
4answers
1k views
Maintaining LLC control with less than 50% ownership
Hopefully someone can gimme a hand. This is actually a question for a school project, but I've got some ideas kicking in my head for a startup, so I have good cause to know this for personal benefit ...
3
votes
3answers
613 views
Cheapest way to llc/merchant account?
My current startup(which consists of two) is going through incorporation, registering the merchant account and hooking it up with Braintree. I saw Jason L Baptiste's interview on Mixergy where he ...
3
votes
1answer
458 views
When to set up the LLC?
I am setting up a web site similar to this one. At what point should I set up the LLC for it? Right before i publish it?
1
vote
2answers
488 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 ...
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
355 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 ...
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 ...
4
votes
1answer
564 views
LLC and address
I know this has been asked million times but i am still not sure. I bought a PO box number recently.
I have looked at Mailbox Forwarding and EarthMail and others but none of them have addresses in ...
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 ...
3
votes
5answers
672 views
S-corp or LLC for new software business in the United States
Pertaining to a new mISV (software business), should I choose an S-Corp or an LLC. Which would you choose and why?
6
votes
6answers
5k views
Delaware LLC, one person, internet-only business; Do I need to register as a foreign corporation?
This seems like a straightforward, common question that would not require a lawyer to answer, but I'm having a lot of trouble finding an answer to the question in the title.
I would like to form an ...
5
votes
9answers
2k views
Are LLC and “S Corporation” the same thing? What are the differences?
From what I have read, both LLCs and S-Corps give you the benefits of a Corporation for legal purposes while avoiding double taxation.
However, I can't determine what the difference between the two ...
4
votes
1answer
5k views
How To Transfer Money Between Personal & LLC Bank Accounts
I'm starting a very small business out of my home in Texas. I've formed the LLC and opened a bank account for it.
How should I handle putting my own money into the business account so I can avoid ...
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 ...
4
votes
6answers
1k views
forming single member LLC for internet website
I live in Texas, and want to form a single member LLC (not decided which state).
If I have paid visitors from all over the world, do I need to register foreign LLC in other states even though I am a ...
3
votes
5answers
2k views
LLC Incorporation - Implications when selling software online?
We are 3 individuals each living in a different states (CA, NJ, NY) who are looking to form an LLC. The LLC will be creating software applications online and these applications will be sold through a ...
2
votes
5answers
769 views
worth it to incorporate?
I live in CA, and I am publishing a Web site that I intend to generate a tiny amount of cash through ad revenue. It costs $800/year to form an LLC in CA which is exactly what I made last year in ad ...
2
votes
4answers
3k views
Seller permit to sell online in US for non resident
I am a non resident of US. I'm setting up this online store where you can buy consumer products - targeted at US market. When I approached wholesale suppliers who don't have any affliate model they ...
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?
...
6
votes
3answers
5k views
As a member of an LLC, how do I pay myself a salary? 1099 or W-2?
If I am a member of my LLC can I be paid as an employee and be on a payroll? Is this different in each state or is it federally regulated? If our LLC is to have employees do we need a different number ...
2
votes
3answers
797 views
Under what scenario would an out of state LLC NOT have to be registered?
There are a number of people asking somewhat similar questions on here, and typically the answer is a combination of:
"You need to register as an out of state LLC"
"There is no reason to not ...
1
vote
3answers
113 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?
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 ...
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)?
5
votes
3answers
3k views
Why don't investors like to invest in an LLC?
I have read that if you are raising money, that an LLC is a dispreferred vehicle for your company.
Why do investors not like to invest in an LLC?
1
vote
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 ...
1
vote
3answers
1k views
Didn't file LLC tax return for first calendar year, but no income/outflow
I formed an LLC 18 months ago, in 2010. Nothing happened in 2010- it didn't issue equity; it didn't have any income; and it didn't have any expenses (other than formation expenses, which I paid ...
1
vote
1answer
495 views
Taxes on non US-resident LLC owner?
I am working on launching an online product site and registering it as an LLC in Delaware. I am a non-US resident and will get the company registered through LegalZoom.com or Incorporate.com. It would ...
1
vote
2answers
53 views
Is the Secretary of State the general office, state to state, for registering a company?
All varying acronyms of incorporation aside, what exceptions (i.e. particular states) are there to the assumption that from state to state, if I need to register my company (for whatever particular ...
0
votes
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?
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
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 ...
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 ...
