Questions regarding setting up and operating Limited Liability Companies
2
votes
4answers
1k views
How to take a draw in a multi-member LLC?
My business partner and I are forming an LLC. As I understand, members of an LLC are not employees and therefore are not on payroll. Instead they pay themselves by taking a draw from the LLC funds.
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2
votes
2answers
31 views
Foreign LLC vs Domestic LLC - Wyoming & South Carolina
Please help. I'll make this as simple and concise as possible:
I will be manufacturing my own parts, AT HOME, in South Carolina. I intend to sell the products exclusively online with an online ...
2
votes
2answers
105 views
Software Contributions to a LLC Partnership
I have a 33.33% stake in an LLC partnership, which was made with cash contributions. I have since developed software with an associate who is not part of the company that we would like to sell as ...
1
vote
2answers
124 views
Limiting personal liability
I have been working (solo) on a few side web projects for the past several months. My name can be found attached (via WhoIs) to the domains I've purchased and this got me to thinking about worst case ...
1
vote
2answers
773 views
Forming an LLC-living in CA, related permits, tax treatment
My scenario: I currently reside in CA. However, I will be locating to the state of Washington by the end of 2012. I (no other employees) am starting a 100% online service-based company, which will be ...
0
votes
2answers
669 views
Tax haven in Delaware with a single-member LLC formed by a non-resident alien?
While I'm researching what I need to pay in taxes for my LLC formed in Delaware (I'm a non-resident alien from China), I found this page which is very interesting: ...
2
votes
1answer
63 views
Setting up a Group/Organization
I currently host an online group that meets once a month for dinner. We recently began hosting small private events that required a minimal cover charge at the door to cover the rental fee of the ...
2
votes
1answer
170 views
Starting a business in the States and then moving to Canada
I'm about to move to Toronto, ON, Canada, within months. I want to go ahead and start my business up now though, before I go there. Would there be any problem with this, and would I be able to ...
1
vote
1answer
60 views
DBA, LLC, or what? For a virtual asset marketplace
My friend and I are currently developing a marketplace for virtual assets. However we are not quite sure how we should set the company up. Do we need only a DBA, or should we go with the LLC route in ...
1
vote
1answer
59 views
TIN to use on W9 when Single Member LLC/Disregarded entity
I own a state-classified LLC company and also have an EIN for the business, which was filed on an SS-4 form (Rev. December 2001) as a Type "Other" and noted "disregarded entity". On the SS-4 form the ...
1
vote
1answer
58 views
Arizona LLC with managers from California
My client who is domiciled in California formed an LLC in Arizona - he is also a member manager. The business is in Arizona, and all transactions are in Arizona. I know since the member manager is ...
1
vote
1answer
91 views
Transferring inventory into LLC
Formed LLC, but wonder how to account for inventory I've already purchased and will now sell via the company.
I've been re-selling as a hobby, and now converting to a business.
I'm in the US. No ...
0
votes
1answer
31 views
New LLC - How do I estimate quarterly taxes if I'm not sure I'm going to make a profit by the end of the year
My wife and I are partner members in a newly created LLC. Weve made some money this quarter yet have made no distributions but we are uncertain of our future profits/loss for the year. This quarter ...
0
votes
1answer
52 views
What are charges/taxes to open LLC in New York as foreigner/alien
I am from India. I want to launch e-commerce web site. For that purpose, I want to open LLC in New York. What are charges/taxes to open LLC in New York as foreigner/alien.
0
votes
1answer
74 views
IP contribution to an LLC
If a founder is contributing IP to an LLC and receives a captital account equal to the value of the IP, is the founder liable for taxes on the amount in the capital account?
0
votes
1answer
72 views
Non-Illinois Resident Owner of Illinois LLC
Can a non-Illinois resident be an owner-member of an LLC registered in Illinois?
0
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1answer
69 views
Being paid in equity. Can my poor credit rating negatively affect the business?
I'm a web developer, and I've been offered (in addition to cash) equity in the new business that will be based largely on the application I'm being hired to build.
As someone who has been scraping by ...
-2
votes
1answer
33 views
How are you handling taxes for international contract work?
I'm going to be forming a LLC for my startup. I'm doing most of the programming myself, but will be using a couple of international contractors via odesk.com. What is the way to report this?
1
vote
0answers
95 views
At what income number does S-Corp save you money over a Sole Proprietorship
Situation
Have formed a LLC in New York City. It is single member. Sole purpose is to sell mobile apps. Limited deduction opportunity. Running business part time. From home.
Questions
I'm trying to ...
1
vote
0answers
87 views
What are the exact 2012 costs and requirements of registering an LLC in Nevada?
Myself and a friend run a website.
We want to register as a Limited Liability Company in Nevada for the tax benefits. It's just us two that work on the site. This is a unique situation, though. He ...
0
votes
0answers
18 views
Seller´s Permit in Delaware LLC for Non US resident?
I have recently received my Delaware LLC papers from my registered agent,I am a non US Citizen nor residetnt,the Delaware LLC can be own by non US Citzens with sole propietorship and has no sales ...
0
votes
0answers
14 views
Addresses, Bank AC, Foreign Qualification : SMLLC operating outside US, doing business in US through internet?
I am Single member LLC operating from India. While incorporating there are some addresses to be filled up.
Registered Agent : That would be simply RA's address. It will be provided by them. No ...
0
votes
0answers
10 views
I am non resident alien and want to get I - T - I - N
I am non resident alien and want to get I - T - I - N . I am launching e commerce website and want to register this website as L - L - C business in USA . As per my little research , I got point that ...
0
votes
0answers
65 views
Should I form an LLC as I do contract work for registrars as an AS9100 auditor?
I am a certified AS9100 auditor and have been working for myself doing contract audits for registars. Should I form an LLC or continue as I am doing since it's just me?
0
votes
0answers
51 views
Investor sniffing around - time to launch?
I have a prototype product. I have shown it to a few people and have a couple very interested investors (friends) who want to help me launch a viable product to build a pitch deck and business plan ...
0
votes
0answers
102 views
What are the benefits for providing free services to a 501 non profit as a LLC?
I have been freelancing as a web designer/developer for about 5 years. Along the way I had a friend who started a 501 non profit and I offered to design and host their website for free. I never got a ...
