Forming LLC or not??

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  • xxweekxx
    Confirmed User
    • Oct 2002
    • 6780
    #1

    Forming LLC or not??

    Hey guys,
    Im tryin to catch up with taxes and its a bitch doing it from my personal account since i get a lot of money from parents as a gift.... I rather form an LLC or something and filter all the internet earned money through there..

    Im thinking of using corporate.com.. Is it better to form the LLC in the state i live in?

    What are your thoughts?
    _________________
    I am the best
    Tags: None
    • Spudstr
      Confirmed User
      • Jan 2003
      • 2321
      #2
      review your local state llc laws and tax information. different states have different laws about this. Get an accountant and ask them. Or a Tax Advisor.
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        • Wagerboy
          Confirmed User
          • Jul 2006
          • 2290
          #3
          I used incorporatetime.com and they were fast and great with questions.
          The Main Program That Makes Me Fucking Money!!

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            • xxweekxx
              Confirmed User
              • Oct 2002
              • 6780
              #4
              how fast?
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                • MandyBlake
                  The one and only!
                  • Nov 2002
                  • 17761
                  #5
                  we formed an llc. no biz taxes
                  VERY easy to set up.
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                  Her First Fat Girl
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                    • xxweekxx
                      Confirmed User
                      • Oct 2002
                      • 6780
                      #6
                      no taxes?
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                      I am the best

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                        • junction
                          Confirmed User
                          • Dec 2002
                          • 2411
                          #7
                          http://www.legalzoom.com

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                            • xxweekxx
                              Confirmed User
                              • Oct 2002
                              • 6780
                              #8
                              how long do online services take
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                                • Sly
                                  Let's do some business!
                                  • Sep 2004
                                  • 31377
                                  #9
                                  I would go to an accountant or tax attorney. Sure, it will cost you $500 as opposed to $100, but they'll be able to tell you the proper corporate structure that benefits your particular situation best, which will save you much more than a small $400.

                                  Example, a lot of people go with LLC, but my attorney said a C Corp is best for my particular situation, so thats what I have. I have no complaints at all.
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                                    • xxweekxx
                                      Confirmed User
                                      • Oct 2002
                                      • 6780
                                      #10
                                      hmm well i do 100% internet biz.. Who knows anything about Scorp or LLC here? i read a lot and seems like scorp is a little better but who has opinions
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