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01-12-2007, 09:21 PM
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#1 |
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Confirmed User
Join Date: Oct 2002
Posts: 6,780
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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?
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01-12-2007, 09:22 PM
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#2 |
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Confirmed User
Industry Role:
Join Date: Jan 2003
Location: In a Tater Patch
Posts: 2,321
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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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Managed Hosting - Colocation - Network Services Yellow Fiber Networks icq: 19876563 |
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01-12-2007, 09:46 PM
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#3 |
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Confirmed User
Join Date: Jul 2006
Posts: 2,290
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I used incorporatetime.com and they were fast and great with questions.
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01-12-2007, 10:21 PM
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#4 |
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Confirmed User
Join Date: Oct 2002
Posts: 6,780
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how fast?
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01-12-2007, 10:21 PM
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#5 |
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The one and only!
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Join Date: Nov 2002
Location: Atlanta, GA
Posts: 17,761
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we formed an llc. no biz taxes
 VERY easy to set up.
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01-12-2007, 10:44 PM
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#6 |
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Confirmed User
Join Date: Oct 2002
Posts: 6,780
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no taxes?
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01-12-2007, 11:07 PM
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#7 |
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Confirmed User
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Join Date: Dec 2002
Location: Midwest
Posts: 2,411
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01-13-2007, 12:38 AM
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#8 |
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Confirmed User
Join Date: Oct 2002
Posts: 6,780
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how long do online services take
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01-13-2007, 12:45 AM
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#9 |
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Let's do some business!
Industry Role:
Join Date: Sep 2004
Location: Austin, TX
Posts: 31,339
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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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01-13-2007, 01:50 AM
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#10 |
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Confirmed User
Join Date: Oct 2002
Posts: 6,780
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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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