Tagged Questions
0
votes
2answers
18 views
Contracting with existing LLC - How to payout wages
A friend of mine and I have recently taken on a part time consulting gig. The job involves building custom software, and we've agreed to work 16 hours a week on the project. The contract was made ...
1
vote
1answer
41 views
LLC Sub-contracting money and tax question
Essentially, I started an LLC about 6 months ago. I have worked pretty closely with another developer, but so far have yet to pay him. We are developing a product right now and I have agreed to give ...
0
votes
1answer
86 views
Receiving payments for my LLC in my personal bank account
Before I setup my LLC I would receive payments to my personal account. So, going forward is it ok to continue with the way I receive payments, and deposit/transfer manually in the company account? Are ...
-2
votes
1answer
62 views
Using Paypal for Gifting
I am hoping to generate some revenue by sending out emails to interested people about giving a gift to the company. I am aware in order to say "donation" you must be a 501(c)(3) however if you claim ...
0
votes
1answer
175 views
steps required to receive payments from app store as a non-US resident
I'm a non-US citizen and have a couple of free iOS applications in the app store. Now, i want to create non-free versions, but i'm trying to gather what are the requirements that i would need in order ...
0
votes
2answers
207 views
Help demystifying partnership pass-through taxation
Situation
I am in the process of deciding which type of taxation to choose for my LLC. Up until this point I was leaning towards Partnership taxation because that is what LLC For Dummies was ...
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
275 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 ...
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
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 ...
2
votes
2answers
427 views
To which state would my taxes be paid in my LLC?
I will be starting an LLC with 2 other members and have the follwoing questions about where to LLC or Incorporate:
Basic outline of the organization:
2 of the partners will be residing in WI and the ...
4
votes
5answers
2k views
When operating an LLC, how do you pay company expenses?
When operating an LLC, how do you handle company expenses? Do you pay for them yourself and deduct them on your taxes (as it is a pass through tax entity), or do you pay for them from the company ...
