LLC Questions

A corporate structure whose members cannot be held personally liable for the company's debts or liabilities. Combines characteristics of corporations and partnerships or sole proprietorship.

1 Votes
3 Answers
1.92K Views
100% virtual business, what city do I get a business license for?

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?

asked Mar 20 '12 at 13:06
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User16817
63 points

0 Votes
2 Answers
1.15K Views
Hiring freelancers (national and international) as a Delaware LLC

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...

asked Oct 4 '17 at 13:56
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John
1 point

0 Votes
1 Answers
1.65K Views
How to set up an LLC company in USA and a bank account for operating the LLC

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...

asked May 21 '12 at 18:08
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Avinash
1 point

0 Votes
1 Answers
2.71K Views
Can we expense mileage as it incures?

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...

asked Aug 29 '17 at 02:56
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MissQB
1 point

6 Votes
4 Answers
13.2K Views
Filling out a W9 as a Single Member LLC

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...

asked Apr 17 '12 at 10:39
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Eddy Luten
171 points

2 Votes
2 Answers
4.82K Views
How do I get rid of my business partner?

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...

asked Jan 18 '17 at 21:01
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sbg
11 points

1 Votes
1 Answers
1.64K Views
Do I need an LLC or can I start as sole proprietorship?

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...

asked Jan 18 '17 at 18:01
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Francesco Bertelli
6 points

1 Votes
1 Answers
4.45K Views
Can I deposit paychecks addressed to my name as sole proprietor into my LLC

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...

asked Aug 2 '16 at 19:49
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Joell Jacob
6 points

1 Votes
1 Answers
995 Views
Does creating an LLC that is a holding company for other LLCs provide additional asset protection?

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?

asked Mar 5 '14 at 16:39
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Paul Newman
125 points

1 Votes
1 Answers
810 Views
Self-employed, no completed projects yet: can I write my laptop off my taxes?

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...

asked Dec 10 '13 at 19:30
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Archagon
111 points

0 Votes
2 Answers
1.6K Views
Taking on a new team member and paying only in equity - legal aspects and pitfalls

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...

asked Dec 5 '13 at 18:53
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Newbie
6 points

1 Votes
1 Answers
3.31K Views
Using existing PayPal and Amazon accounts for new LLC

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...

asked Nov 15 '13 at 09:55
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Jordan Magnuson
8 points

0 Votes
1 Answers
842 Views
What should I get for my new business and should I wait until the new year to get it?

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...

asked Nov 18 '13 at 07:41
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User29698
1 point

0 Votes
2 Answers
2.76K Views
Tax consequences to transfer ownership of single member llc to wife upon death

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?

asked Nov 22 '13 at 12:28
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Infi
1 point

1 Votes
1 Answers
717 Views
Treating Capital as Expenses during the first year

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...

asked Oct 26 '13 at 02:45
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John E Watson
14 points

1 Votes
1 Answers
907 Views
How are LLC members taxed?

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...

asked Oct 31 '13 at 01:57
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Dustin Davis
272 points

3 Votes
4 Answers
1K Views
Should I register an online business in Nevada?

If I want to form an LLC to sell music digitally online, would it benefit me to form an LLC in Nevada (my home state is North Carolina), since I won't have a physical product? If I were to add...

asked Oct 31 '13 at 11:37
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Jackie
16 points

0 Votes
2 Answers
1.1K Views
Would like to hire a full time programmer from India

I'm looking to hire a full time programmer in India. Of course he would need to pay tax in India. But would I also need to pay tax in USA? If I've got an LLC taxed as an S-Corp in California?

asked Oct 22 '13 at 12:19
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Ron
21 points

1 Votes
2 Answers
1.07K Views
What does LLC mean to the consumer?

When I see a company labeled as Limited Liability Company, I think, "They aren't putting their heart and soul into this business." I then proceed to imagine that they might not be the best option...

LLC
asked Aug 29 '13 at 22:31
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Agweber
111 points

4 Votes
3 Answers
874 Views
When to create the business entity?

If I'm moonlighting and building the product at night and on weekends - at what point does it make sense to establish a business entity (e.g. LLC, Inc, etc)? Would this make sense to only happen...

asked Aug 13 '13 at 22:23
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Code Talk
253 points