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?

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.

I used incorporatetime.com and they were fast and great with questions.

how fast?

we formed an llc. no biz taxes :)
VERY easy to set up.

no taxes?

how long do online services take

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.

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