Forming An LLC Online?
Has anyone ever formed their LLC using an online company? In researching forming my LLC, I have come across numerous online companies that will form your LLC and file all of the necessary paperwork for the given state. The pricing seems to be VERY reasonable.
Any experience with this? Pros, Cons? Thanks!
Forming the LLC is not the hard part. Go to your Secretary of States website. All the information is there. The hard part is creating the LLC agreement that details everything that happens and how the LLC will be managed.
How are the taxes done with an LLC? Has anyone done one in Delaware or Nevada? Do you have to file a state income tax form if you chose one of these states? What kind of fees should I expect a year from now??
Thanks
MIKE
How are the taxes done with an LLC? Has anyone done one in Delaware or Nevada? Do you have to file a state income tax form if you chose one of these states? What kind of fees should I expect a year from now??
Thanks
MIKE
How are the taxes done with an LLC? Has anyone done one in Delaware or Nevada? Do you have to file a state income tax form if you chose one of these states? What kind of fees should I expect a year from now??
Thanks
MIKE
The tax requirements for the LLC depend on a number of factors including where the entitiy is formed, how many members there are, how the entity is treated (typically partnership, C Corp. or disregarded entity), etc.. Depending on the answers, there are different answers for state purposes. I suggest you talk to an experienced RE attorney or CPA to determine what makes the most sense for your situation.
pardon by butting in on this post, I want to form mines online also... for now and later structure it better
do I need a registered agent? is it a requirement? and can I have one later
thanks Irvin
sounds like an excellent alternative to "self employed"....mmm...some good shielding possibilities...what say you...?
As far as taxes go I would say most people would deduct all those things. Really if you use the items for business and personal you would have to determine a percentage of use and then file that way. In a perfect world it would be nice to have a car for business use and a computer and office that you never use for personal use but that is just not the case for most people.
I would agree that from a tax standpoint it makes sense to deduct those expenses from my taxes. However, I am under the impression that doing so would allow the "piercing of the corporate veil" because I am then not keeping my personal affairs separate from the business. Am I thinking of this wrong?
Ryan
The typical signing of the P&S to the closing table takes about 6 weeks, and about 30% of them never happen.
If closing in 7-10 days is important to you then you should have put that in your marketing and you should have priced your house accordingly. You have to discount the price to get a 7 day closing. Then you would also need to state that they must close in 10 days in your P&S contract and take a large earnest money deposit.
If you do not want to discount the price but still want a quick close then pick the buyer that already has a prequalify letter. Talk to their mortgage broker and determine that he has already pulled the credit, gotten the income verification and that the loan package is ready to go to underwriting.
Brenda
Yes, all these suggestions have been done.
I also have to cash offers that are tentative.
What are my considerations there?