LLC Questions

I would like to get advice from others on what steps I should take before starting an LLC. I want to offer software development services through my company, and just want some pointers on things I...

Software LLC Legal Business Model

asked Apr 26 '10 at 10:44

Thomas
116 points

I am starting an internet service business, which I have registered the LLC in Wyoming. Although I reside in Illinois, I travel all the time for work and would like to maintain my Wyoming corporate...

LLC Bank

asked May 4 '10 at 20:17

User3328
6 points

All, I run a contract engineering firm, and I'm considering taking stock in some of my clients in return for reduced rates. I feel comfortable doing this given the continued level of income from...

Contract LLC Stock Options

asked May 8 '10 at 01:31

Xkenneth
140 points

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?

LLC Tax

asked May 11 '10 at 20:13

Jpartogi
1,342 points

I am interested to register an LLC in Wyoming, but I currently do not have a US address. Is this possible? Do I also need a registered agent to register my LLC in Wyoming? Based on your experience,...

LLC

asked May 13 '10 at 07:58

Jpartogi
1,342 points

I just started my first business. I’m debating on whether to go with cash-basis accounting or accrual accounting. From what I’ve read it seems that cash-basis is the easier method, but accrual is...

LLC Accounting Accounting Method

asked Mar 27 '10 at 13:54

Zuly Gonzalez
9,194 points

Given that I have a website that is making revenue, live in California, and would like it to be claimed under an LLC, what is the process to accomplish this? Should I be forming a sole...

LLC Incorporation Legal Website

asked Apr 20 '10 at 06:24

Matthew
118 points

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)?

LLC Tax IRS

asked Apr 20 '10 at 06:49

Robert
80 points

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...

LLC Incorporation Legal Tax

asked Feb 26 '10 at 16:16

Bill Paetzke
397 points

Is it possible for a teen to form an LLC/C-Corp? If so, what are the costs, the process and the requirements? I'm a US Citizen but currently live in Bosnia. I'm 17, turning 18 on December 2nd.

LLC Legal

asked Mar 3 '10 at 06:14

Emil Hajric
161 points

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?

LLC

asked Feb 7 '10 at 04:45

Nick
16 points

I recently submitted paperwork to form a LLC in California. About a week after submitting my paper work, I came across this post: http://answers.google.com/answers/threadview/id/107228.html One...

LLC Incorporation Tax

asked Feb 13 '10 at 05:36

Aac
85 points

I know LLCs can be pass-through tax entities, so you don't pay tax at the LLC level but only on the income of each member. Is the money only taxed when used to pay members? Can you keep money in...

LLC Tax

asked Dec 8 '09 at 12:39

George Jenson
108 points

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?

Funding LLC Incorporation Investment

asked Nov 18 '09 at 07:34

Joseph Turian
895 points

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...

LLC Incorporation Legal Tax

asked Nov 5 '09 at 23:08

El Presidente
26 points

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...

LLC

asked Oct 21 '09 at 02:12

Don Zacharias
132 points

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...

Ecommerce LLC License Incorporation

asked Oct 10 '09 at 13:12

Jyothirmayee
11 points

Is it possible for a foreign company to register a LLC in the US?

LLC Foreign

asked Oct 10 '09 at 13:33

Sean Lin
143 points