Cheapest way to start your LLC
- Thread starter xphase
- Start date
pyrogod117
Registered Member
- Jul 10, 2010
- 52
- 16
Guys, I know Nevada and Delaware were mentioned for creating and LLC in instead of your own state, but DO YOUR HOMEWORK! Sometimes these are useful, but I live in New Jersey for example, so the tax brackets already suck. It's 15.3% self employment tax + whatever tax bracket I fall in, and that's just federal. If you make an LLC outside of NJ, but live in NJ, they charge you even more taxes on top of that. It's cheaper for me to make an LLC or Corp here than anywhere else.
As for the international question, Nevada allows international registration the last I read something. Look into it.
As for the international question, Nevada allows international registration the last I read something. Look into it.
Great thread!
I have a question though....I already registered my LLC through my state online as well as obtained my EIN (online as well). But does every state send you some sort of physical 'certificate' via snail mail that verifies your LLC's existence? Mine never did this, and all I have are just the printouts of my online registration confirmation. I know my LLC registered successfully, as I did a search and saw it was in the state database, but was just curious about this.
I have a question though....I already registered my LLC through my state online as well as obtained my EIN (online as well). But does every state send you some sort of physical 'certificate' via snail mail that verifies your LLC's existence? Mine never did this, and all I have are just the printouts of my online registration confirmation. I know my LLC registered successfully, as I did a search and saw it was in the state database, but was just curious about this.
wowhaxor
Elite Member
- Apr 28, 2007
- 1,924
- 3,371
If you're good to go then you're good to go. My guess is there was probably an option to get it mailed out and pay a couple extra bucks in your state but you missed that. No need though, you have the proof and it exists.
fuzzy_corleone
Regular Member
- May 11, 2011
- 299
- 211
Guess I'll just wait for your follow-up topic entitled, "Cheapest way to start your offshore LLC".
What advantages (if there are any) are there to having a US-based LLC as opposed to an offshore one? Paying corporate taxes to a corrupt government that invades other countries for oil/profit doesn't sound particularly fun.
What advantages (if there are any) are there to having a US-based LLC as opposed to an offshore one? Paying corporate taxes to a corrupt government that invades other countries for oil/profit doesn't sound particularly fun.
wowhaxor
Elite Member
- Apr 28, 2007
- 1,924
- 3,371
New tax laws, the forgiveness period is about up and if you get caught doing that you're in for stiff penalties now. If you're a US citizen and you're setting up an offshore entity for the purpose of a tax shelter you're breaking the law. I know it doesn't sound like a biggy but it will when they come at you. Trust me, having your bank accounts frozen makes life fucking rough even if its only for a month or two while you get an attorney to work something out.
Fireboltgirl
Regular Member
- Dec 26, 2009
- 238
- 120
I'm a big fan of Simon Black's ezine Sovereign Man. You can check out the style on his site. The answer to your question is there and if you are thinking along these lines at least read the free info (he makes $ by teaching people how to plant multiple flags/become permanent travellers). If you are gonna do it at least get quality advice from someone who does this for a living and it has become more important than ever if you are a US citizen - heed Wowhaxor's advice yah.
drywallrob
Senior Member
- Apr 27, 2011
- 1,027
- 493
i recently went with the $99 package at legalzoom - the state that i live has a fee for filing that you cant avoid which is approximately $247 regardless who you use or if you do it yourself, but for $99 it took me about 20 minutes and i got it back in a week even though they said it would be 28 days...
was no hassle at all - only thing i had to do after paying and submitting my online application was sign a form and send it back to them... i opted to scan it and email it... but was no hassle at all - Texas state automatically created my EIN number.
I did all this manually one time before - never again! lol would much rather spend that time making $$$$
Yes, Legalzoom rules! I use it too. It is way easy and cheap. Love it.
- Mar 10, 2010
- 42,695
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I also use Amerilawyer... fast, easy and cheap.
@OP - a very good share none the less; I'm just a guy that "outsources" and I see using Amerilawyer as outsourcing.
+11 rep for the share.
teeniegenie
Supreme Member
- Aug 28, 2010
- 1,294
- 666
This is bad info. I'm a Nevada attorney and have set up LLCs and corporations for people all over the world who don't live in NV.
On the issue of who can be a registered agent, you can do it yourself if you live in the state where you are setting up the entity.
Also, you can look to uslegalforms as an alternative to legalzoom.
EmpireQuality
Elite Member
- Jan 18, 2010
- 1,912
- 386
be very careful when starting your LLC with a web site like legal zoom because they are not fully legitimate. i suggest going with a REAL firm, like the nevada corporate headquarters. i also suggest doing your homework before taking action in a serious situation such as this one.
- Mar 10, 2010
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I'm glad you chimed in here... also I'm glad that you don't have an issue that I "outed" your profession in a different thread.
Folks, I know this guy well enough to say that you should trust his opinion here because it is not opinion, it is legal fact.
artizhay
BANNED
- Nov 21, 2010
- 1,867
- 1,340
Do you maybe know where we can find details about additional taxes imposed on foreign corporations? I was thinking of filing in South Dakota but we live in Texas, so I would like to research any additional taxes we may face for doing so.
I've tried Googling, but I'm not sure on the exact phrasing or if there is a technical term for it, so I haven't been able to find anything about it.
Roparadise
BANNED
- May 25, 2011
- 784
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I should have wrote it better,I was referring to the last thing I said in the previous sentence.
teeniegenie
Supreme Member
- Aug 28, 2010
- 1,294
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Thanks for the kind words! No problem with "outing" me. Plus rep and thanks for the great post!
teeniegenie
Supreme Member
- Aug 28, 2010
- 1,294
- 666
LOL!!! I wouldn't go within 100 miles of those guys...just my opinion.
teeniegenie
Supreme Member
- Aug 28, 2010
- 1,294
- 666
Why do you think you need a US LLC/Corporation if you live in Europe? Why not get an entity in the country you live in?