Setting up a LLC - GoFuckYourself.com

Decadawn · 09-15-2004, 12:23 PM

I live in Canada (drama) and need to set up a LLC (to be able to accept Visa through CCBill). My in laws live in Indiana, so it could be possible..

What do I need to do?!

Thanks ;)

LC

Nolamer · 09-15-2004, 12:34 PM

you should buy company

billywatson · 09-15-2004, 12:39 PM

Look into local laws.

If you live in Canada, and you're depending on your LLC for VISA biz, I wouldn't fuck around with the Indiana thing....IMO

I got all my LLC paperwork online with the state government and did the work myself. Cost was $85.

I know paralegals that'll do the same work for $400.

I know lawyers that charge $800+ for the same work.

Hope this helps.

Series · 09-15-2004, 12:42 PM

I used http://www.delawareinc.com back in '98 and everything went perfectly... but I think a lot has changed since 9/11 and it may not be so simple

Decadawn · 09-15-2004, 01:47 PM

Thanks guys

Is this all about taxes?

How do you guys manage the taxes that u pay ?

LC

Decadawn · 09-15-2004, 01:59 PM

Is there another way I could charge using Visa on my website?

LC

Decadawn · 09-15-2004, 04:20 PM

please someone! I need this info! ;)

David! · 09-15-2004, 04:22 PM

You might want to choose a more friendly state

If you choose another state, you will need a registered agent in that state.
Try http://www.bizfilings.com

Webby · 09-15-2004, 04:42 PM

Decadawn:

Quote:

Is there another way I could charge using Visa on my website?

Yea... have a corp in any country that has a few processors around.

Both iBill and CCBill cover most Euro countries and if you don't want to pay taxes in them, just go for a non tax country and pay taxes when you pull funds into Canada.

That's the simplified version, but sure is an opt-out of having to deal with US laws and taxes.

kater · 09-19-2004, 09:25 AM

Try ECommerceGlobal.com - you don't have to be a LLC to accept Visa - Check out this link-

http://www.eCommerceGlobal.com/cgi-bin/click.cgi?id=15

Good luck!!!

steffie · 09-19-2004, 10:04 AM

Tell your parents to get a lawyer
pay him/her $ 400.00
Takes only a few days
You need
Your SS#
Your local address (Indiana)
Once that is done you get your
EIN Number
Than your relatives go to the local courthouse and get a business License for Online Sales only, no walk in location
Take license to bank
Show your Drivers License/SS#
Get Account
Contact CCbill

OK, that's the legitimate way,,

Now, I don't know how many other ideas float around on the board, some legit, some not.. I am only telling you the legit way, so you don't have problems at the end of the year with the IRS because they are going to want a tax return from you.

During the year your accountant might advise you to pay estimated income tax (we don't, we take the money and put it into a savings account, because our income fluctuates each year and I don't want to over pay)

Figure 15% of your net income each month is tax

Good luck to you

NiteRain · 09-19-2004, 10:17 AM

I picked Delaware to start my first company, however, for the last one I just did it in the state I stay, seems alot easier, plus don't have to remember to pay 134 dollars to an agent in that state.

NoHassleSteve · 09-19-2004, 11:07 AM

Two more services.
Not just to get it done, but to read some FAQs about the
benefits of each kind of business entity and the requirements

http://www.corporatecreations.com/

http://www.smallbiz.com/

MandyBlake · 09-19-2004, 12:01 PM

Why don't you consult an accountant?

QuaWee · 09-19-2004, 12:11 PM

bizfilings.com

09-15-2004, 12:23 PM	#1
Decadawn Confirmed User Industry Role: Join Date: Feb 2002 Location: Montreal Posts: 1,286	Setting up a LLC I live in Canada (drama) and need to set up a LLC (to be able to accept Visa through CCBill). My in laws live in Indiana, so it could be possible.. What do I need to do?! Thanks ;) LC

09-15-2004, 12:39 PM	#3
billywatson Confirmed User Industry Role: Join Date: Aug 2002 Location: The Valley o' Smut. Posts: 3,281	Look into local laws. If you live in Canada, and you're depending on your LLC for VISA biz, I wouldn't fuck around with the Indiana thing....IMO I got all my LLC paperwork online with the state government and did the work myself. Cost was $85. I know paralegals that'll do the same work for $400. I know lawyers that charge $800+ for the same work. Hope this helps. __________________ We're Fabulous! PROTECT YOUR CONTENT on Twitter I Shoot Porn.

09-15-2004, 01:47 PM	#5
Decadawn Confirmed User Industry Role: Join Date: Feb 2002 Location: Montreal Posts: 1,286	Thanks guys Is this all about taxes? How do you guys manage the taxes that u pay ? LC Last edited by Decadawn; 09-15-2004 at 01:50 PM..

09-15-2004, 04:22 PM	#8
David! By the wrath of Agamemnon Industry Role: Join Date: Apr 2004 Location: Miami Posts: 6,501	You might want to choose a more friendly state If you choose another state, you will need a registered agent in that state. Try http://www.bizfilings.com __________________ .

09-19-2004, 09:25 AM	#10
kater Registered User Join Date: Sep 2004 Posts: 7	Try ECommerceGlobal.com - you don't have to be a LLC to accept Visa - Check out this link- http://www.eCommerceGlobal.com/cgi-bin/click.cgi?id=15 Good luck!!! __________________ Kate Robinson Agent Relations Manager www.ecommerceglobal.com [email protected]

09-15-2004, 12:34 PM	#2
Nolamer Confirmed User Join Date: Aug 2004 Posts: 212	you should buy company

09-15-2004, 12:42 PM	#4
Series Confirmed User Join Date: Jul 2004 Location: Ontario, Canada Posts: 946	I used http://www.delawareinc.com back in '98 and everything went perfectly... but I think a lot has changed since 9/11 and it may not be so simple

09-15-2004, 01:59 PM	#6
Decadawn Confirmed User Industry Role: Join Date: Feb 2002 Location: Montreal Posts: 1,286	Is there another way I could charge using Visa on my website? LC

09-15-2004, 04:20 PM	#7
Decadawn Confirmed User Industry Role: Join Date: Feb 2002 Location: Montreal Posts: 1,286	please someone! I need this info! ;)

09-19-2004, 10:04 AM	#11
steffie Confirmed User Join Date: May 2002 Location: Somewhere in the Mountains, far far away Posts: 2,422	Tell your parents to get a lawyer pay him/her $ 400.00 Takes only a few days You need Your SS# Your local address (Indiana) Once that is done you get your EIN Number Than your relatives go to the local courthouse and get a business License for Online Sales only, no walk in location Take license to bank Show your Drivers License/SS# Get Account Contact CCbill OK, that's the legitimate way,, Now, I don't know how many other ideas float around on the board, some legit, some not.. I am only telling you the legit way, so you don't have problems at the end of the year with the IRS because they are going to want a tax return from you. During the year your accountant might advise you to pay estimated income tax (we don't, we take the money and put it into a savings account, because our income fluctuates each year and I don't want to over pay) Figure 15% of your net income each month is tax Good luck to you __________________ Partying since '96 and not going anywhere Anna's Dorm

09-19-2004, 10:17 AM	#12
NiteRain Confirmed User Join Date: Jul 2002 Location: Fort Lauderdale Posts: 600	I picked Delaware to start my first company, however, for the last one I just did it in the state I stay, seems alot easier, plus don't have to remember to pay 134 dollars to an agent in that state. __________________ AIM: PerlScriptor

09-19-2004, 11:07 AM	#13
NoHassleSteve Confirmed User Join Date: Jul 2004 Location: South Florida Posts: 450	Two more services. Not just to get it done, but to read some FAQs about the benefits of each kind of business entity and the requirements http://www.corporatecreations.com/ http://www.smallbiz.com/

09-19-2004, 12:01 PM	#14
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	Why don't you consult an accountant? __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

09-19-2004, 12:11 PM	#15
QuaWee Confirmed User Join Date: Jul 2004 Location: boogers Posts: 5,791	bizfilings.com __________________ i luv mainstream