LLC Questions

I formed an LLC 18 months ago, in 2010. Nothing happened in 2010- it didn't issue equity; it didn't have any income; and it didn't have any expenses (other than formation expenses, which I paid...

LLC Tax

asked Mar 19 '12 at 06:55

User6492
1,747 points

I may have made a goof here and want to fix any problems. I formed an LLC in 2010. In 2010 and early 2011, I paid the LLC's expenses out of my own bank account, using my own checks, and I had no...

LLC Tax

asked Mar 20 '12 at 21:32

User6492
1,747 points

I founded a startup in late 2008, as a sole proprietorship LLC. I was the only member in the LLC. It stayed that way until August of 2011, less than a year ago, when I added a minority partner to...

LLC Capital Gains Capital

asked Mar 22 '12 at 04:26

Arbingersys
11 points

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...

LLC Canada USA

asked Mar 24 '12 at 15:53

Kim Jong Woo
644 points

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...

LLC Foreign Tax California

asked Mar 7 '12 at 10:53

Karen
11 points

For example, say I form my LLC in Delaware and then decide several months down the road or maybe even a couple years down the road that I want to change the state to Florida and form my LLC in...

LLC Legal

asked Mar 7 '12 at 20:38

Kay
9 points

I have a home business and clients will never need to come to my home in order for my business to operate. If I form my LLC in Delaware, I will have to register as a Foreign LLC for the state that...

LLC Foreign

asked Mar 8 '12 at 06:09

User16817
63 points

I formed a Delaware LLC on November last year, and soon I found that the c-corp is more suitable for my situation, so I decided to dissolve this LLC, it has been dissolved on December last year...

LLC Tax IRS Delaware

asked Feb 25 '12 at 09:12

Silent
111 points

I understand that profit/loss is distributed among the LLC owners according to their ownership stakes. What about if profit/loss if the ownership stakes change? Say for example, there are 3...

LLC Tax

asked Feb 26 '12 at 15:49

Timecapsule
6 points

The CEO of a LLC early startup plans to assign non-dilutable equity to the founders. Each founder will take a small amount of equity, leaving a pool for future employees and investors. IMHO, what...

Co-Founder LLC Equity Dilution

asked Feb 11 '12 at 02:38

Anon User
62 points

The CEO of an early stage LLC plans to keep control of the company in the long term. To achieve this, he plans on keeping at least 51% of the equity. The company has 6 founders in total. While it...

Co-Founder LLC Equity

asked Feb 11 '12 at 04:31

Anon User
62 points

I've been approached by people wanting to buy the assets (not stock) of my company (single member llc) which consist primarily of my mobile app its source code the server code that supports the...

Sales LLC Tax

asked Feb 12 '12 at 10:39

Kirk
26 points

I live in a country where corruption and bureaucracy are widespread. Opening a business takes months and costs a lot of money, and will require one to hire somebody solely for handling all...

LLC Tax Accounting

asked Feb 15 '12 at 23:55

User
192 points

Two friends and myself are developing a mobile app that we will sell on the Apple app store and the Android marketplace. We have decided to form an LLC to sell the application. Two of us are...

LLC Mobile Apps

asked Feb 17 '12 at 01:58

Frank
26 points

It seems that it's a virtual term. It is not a bank account. It is the net result of gains-losses. And it seems that there are two types of such accounts – the llc's, and members'. The account...

LLC Definitions Legal

asked Feb 3 '12 at 08:04

Startup1
90 points

I have a start up that received 10k award from a business competition. I formed LLC to start my business, now my question is how can I minimize my tax reliability. 1) Should I state in my return...

LLC Tax

asked Feb 3 '12 at 15:56

Josh
1 point

The CEO of a LLC early startup plans to distribute equity among the founders. Each founder will not know how much equity the other founder has. What are the advantages and the disadvantages of...

Co-Founder LLC Equity

asked Feb 6 '12 at 23:14

Anon User
62 points

TheCompany, LLC is a Groupon type service that offers local business discounts in the form of a redeemable voucher. I, TheCompany.com will offer a platform that businesses can make "Daily Deal"...

Sales LLC Legal Tax

asked Feb 7 '12 at 08:07

Dan Kanze
118 points

I live in CT but I have office space in NH, where would I register for an LLC? I don't plan on moving there and have employees in NH, so what should I do?

LLC Incorporation Employees Corporation

asked Feb 8 '12 at 05:19

Kas08016
6 points

I've asked a bank what they require in order to open a bank account for an llc, and the main thing was a "certificate of good standing". Since the "certificate of good standing" or even the...

LLC Legal Business Bank Account

asked Feb 10 '12 at 05:10

Startup1
90 points