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Old 12-24-2009, 09:47 AM  
HandballJim
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Forming an LLC in New York, need some advice

I plan on forming an LLC in New York State, basically to protect myself just in case of any legal issues come up in the future. You never know what can happen promoting adult stuff or even domain disputes.

If any of you New Yorkers have an LLC...any advice would be great.

I currently live in NYC Bronx county, but might be moving to lower westchester in the future...does it make much difference if it is formed in the Bronx or Westchester? I assume local taxes are different.

Also since the LLC is just myself, what is the best way to pay taxes? Someone told me when I do my taxes at the end of the year just fill out box C and add my earnings there. or do I need to file every quarter? I looked breifly at some books at Barnes and noble and it seems they do not talk much about filing taxes.

I did take a seminar regarding legal issues at the Exotica show in 2008, but decided to wait until I start to make some money....well I am making some money now.

Thanks
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