LLC Questions

My co-founders and I have agreed on a completely even split equity of 1/3 each. In our operating agreement,however, we need to put down the percentage ownership stake for each of us, and aren't...

LLC Equity

asked Oct 13 '11 at 02:40

Three Way Llc
23 points

Back story: I'm the majority equity and voting power holder in a multi-member LLC (Three members, I will call partnership). A year ago we had a partner's wife, who is a corporate lawyer, create a...

LLC Partner Founders Agreement Partnerships

asked Apr 23 '13 at 03:07

Dragonman
120 points

I have been told that deciding how and when to incorporate my startup is best answered by speaking to an accountant or lawyer about my individual needs. Besides relying on referrals, how can I...

LLC Legal Accountants

asked Dec 9 '10 at 00:29

B. Kennedy
66 points

I am an LLC owner in US. I founded that LLC in 2010, and now an investor is going to acquire 90% of the shares of that LLC. Let's say he acquires it for 10M USD. What will be my total tax...

LLC Tax Capital Gains

asked Aug 10 '19 at 16:47

Vivek Thakur
1 point

I will be offering virtual business services online and could potentially be "working" from anywhere. Where should I get my business license? Does the city I get it for legally matter?

LLC Business Permit

asked Mar 20 '12 at 13:06

User16817
63 points

As a startup apart from members of the LLC, we just want to utilize the services of freelancers rather than having any employees. Could you please let me know what are things that I need to be...

Hiring LLC Delaware Freelancers

asked Oct 4 '17 at 13:56

John
1 point

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 an...

India LLC USA Bank

asked May 21 '12 at 18:08

Avinash
1 point

I have a multi-member LLC and we elected to go the mileage route instead of actual auto expenses. Can we enter mileage as it incurs each week as an expense on our books? Or do we have to track...

LLC Accounting Bookkeeping Accounting Method Small Business

asked Aug 29 '17 at 02:56

MissQB
1 point

I previously operated my consulting business as a sole proprietor operating under my own name, using my SSN on W9 forms, etc. I have since registered an LLC and am starting to bring in clients. I...

LLC Tax EIN

asked Apr 17 '12 at 10:39

Eddy Luten
171 points

Recently it came to my attention that my business partner (50/50 LLC in CA, no partnership agreement) has been using the company account as a line of credit for himself. In the past 13 months he...

LLC Legal Small Business Embezzlement

asked Jan 18 '17 at 21:01

sbg
11 points

I want to start a business with no employee or brick and mortar, nor offices, just online e-commerce for products i design, but my first 6 -12 months will be just dedicated to prototyping and...

LLC Sole Proprietorship

asked Jan 18 '17 at 18:01

Francesco Bertelli
6 points

I am an artist; voice over, makeup, author, performer, actor, singer, songwriter and artisan. I've created a single owner LLC. Does depositing my paychecks from all my clients directly into the LLC...

LLC Artist

asked Aug 2 '16 at 19:49

Joell Jacob
6 points

Are there any benefits to creating an LLC that does nothing but act as a holding company for other LLC entities?Does that provide any added benefits in terms of asset protection?

LLC Legal Company Legal Entity

asked Mar 5 '14 at 16:39

Paul Newman
125 points

I've recently started working on a couple of software projects that I hope will generate income in 2014. I eventually want to form an LLC, but I'll probably end up doing that closer to completion...

LLC Tax Business Expenses Sole Proprietorship

asked Dec 10 '13 at 19:30

Archagon
111 points

Here's my situation. I founded a company very recently (currently an LLC) and have no external funding. I also don't have deep pockets. This is for a startup in the US in Washington state. I...

LLC Equity Employees Independent Contractor Legal Documents

asked Dec 5 '13 at 18:53

Newbie
6 points

I'm going to start out by providing a bit of background info here. My actual question is in bold, below. So my wife and I run a website for digital artists that sells download subscriptions. This...

LLC Finance Legal Financial Accounting

asked Nov 15 '13 at 09:55

Jordan Magnuson
8 points

I have been working on something that has in the past been considered more of hobby. A couple months ago I got laid off from my full time job and have had a lot of time to devote to this venture. I...

LLC Business

asked Nov 18 '13 at 07:41

User29698
1 point

I have a single member LLC in New Jersey. Upon my death, will my wife be taxed (and how much) if I assign my ownership interest to her as per an operating agreement?

LLC Tax USA

asked Nov 22 '13 at 12:28

Infi
1 point

I believe that during the first year of operations a new LLC can treat all capital (up to $50,000) as expenses instead of having to amortize over 180 months. I have 3 questions related to...

LLC Tax USA

asked Oct 26 '13 at 02:45

John E Watson
14 points

If an LLC is setup with two members (50% each) and the total income is $200,000 annual, how does that work for each member with regard to taxation? Does each member have to file an income of...

LLC Tax USA

asked Oct 31 '13 at 01:57

Dustin Davis
272 points