Tagged Questions

0
votes
2answers
69 views

Forming a US LLC and paying taxes while outside the US

I am currently a resident alien in Virginia. I have been in the US since November 2011 (never left) and I have a J-1 visa, which expires on February 2014. I am going to leave US and go back to my home ...
1
vote
1answer
46 views

LLC C-corp in US, how to report my own investment

I'm a single member LLC with C-corp taxes in the US, and I just started my entity in January. I'm trying to figure out how/if I report my own capital injections for expenses as regards my taxes. I ...
1
vote
1answer
62 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 ...
0
votes
1answer
38 views

LLC Require EIN?

I have an LLC that will be a passthru entity (sole owner). Is such an entity required to have an EIN to do business? If not, how would you get banking accounts, LoC, etc without an EIN to legally ...
0
votes
1answer
44 views

LLC partnership on student visa and then transfer to H1B

I am on F1 visa. I'm done with my masters and am on my OPT. Can I be a partner in an LLC? What about when I go on H1B. I'm looking to startup in Texas & California both. I tried to look for some ...
0
votes
2answers
69 views

Most suitable US state to start Internet/online business [closed]

I have read somewhere on interent that Texas is most business friendly US state. Can some one guide me is it true that Texas is most friendly for totally internet/online based business and they have ...
1
vote
1answer
61 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
55 views

Single-member LLC and filling out tax forms for advertisers who pay me

I have accounts with various advertisers and affiliate companies - let's just say Amazon Affiliates for the purposes of this discussion - and I've now registered a single-member LLC. During the ...
1
vote
3answers
90 views

How do I pick a bank for my LLC (USA)?

I want to open a business bank account for my LLC to keep my finances separate. How, in general, should I go about shopping for a bank account? Relatedly, are there any particular banks that excel ...
3
votes
2answers
90 views

Acquiring Tax ID Number

We just got filed as an official LLC in CT and were wondering how we get our Tax ID number(EIN). We would like to open a bank account for the company and assume we need that to open one.
1
vote
2answers
58 views

An LLC working in multiple states

I recently filed my company as an LLC expecting to get some small jobs in my local area. Through my professional connections I might land a contract that would span in multiple states across the U.S. ...
0
votes
1answer
223 views

How to set up an LLC company in USA and a bank account for operating the LLC [duplicate]

Possible Duplicate: How to register LLC in USA or LTD in UK and bank account, for foreigner? Please help me out to form an LLC company in USA along with a bank account to operate it. I am ...
1
vote
1answer
337 views

Setting up a small business in United States with Canadian citizenship?

Where can I find more information on setting up a small business in USA as a Canadian citizen? I need to incorporate in the USA, would this automatically allow me to work in USA? Or does there need to ...
1
vote
3answers
229 views

Are you taxed on revenue or income?

As a single owner of an LLC, are you required to pay taxes on the LLC's profit or revenue?
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 ...
2
votes
4answers
284 views

Three-person startup not sure which state to incorporate in

Currently forming a three-person startup; our members live in Tampa, Florida & Hayward, California & Arlington, Virginia. It will be a politics-based web game, and we are reasonably sure ...
1
vote
1answer
84 views

We are an LLC from NJ, can we hire this guy from Canada, who is a temporary resident?

We are a small software based start up in NJ, we recently got a couple of projects from Canada and we're loving them. We came across this guy in Canada, he is very talented and we think he will be ...
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 ...
1
vote
3answers
333 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, ...