FirstSarvanga Cleansing LLCGroup, LLC.
FitzNina Losurdoson
8/25/2013 6:03 PM
I am a coach helping people get healthy with nutrition. I am selling a nutritional product from a world renowned corporation. The consumer purchases directly from corporation, I assist in the sales and assistance. Mostly everything is performed online and phone. |
do i need a tax id to sell retail
I am a coach helping people get healthy with nutrition. I am selling a nutritional product from a world renowned corporation. The consumer purchases directly from corporation, I assist in the sales and assistance. Mostly everything is performed online and phone. |
LLC
Monmouth County
Holmdel
Holmdel,
07733
I will not hire any contractors or employees.
I am a coach helping people get healthy with nutrition. I am selling a nutritional product from a world renowned corporation. The consumer purchases directly from corporation, I assist in the sales and assistance. Mostly everything is performed online and phone. |
Q:Is "piercing the corporate LLC veil same as in corporations case?
A:Piercing the corporate veil refers to the corporate protection that an LLC affords so long as you treat it as a separate legal entity. If you don't, you pierce the veil and you lose the protection so you become liable as if you were a sole proprietor. LLC
Q:How would I know I am a series LLC after I become one?
A:Normally, the series status is mentioned in the LLC agreement and it does not appear on the face of any of the series LLC.
Q:How is LLC income distributed as against that of an S corporation?.
A:LLC income can be distributed in any way the members decide regardless of the percentage of LLC ownership of each member. This as against that of an S corporation which is different because divident distributions are allowed only to the extent of the number of shares.
| Q:Will my LLC need business insurance?.
A:It is always good to carry it but in most cases not required.
Q:What is the difference between an LLC and a corporation?.
A:Both an LLC and a corporation are corporate entities that afford corprate protections. An LLC however can have more owners and also foreign owners. In addition an LLC is taxed pass-through like a sole owner or partnership unless it elects to be a corporation?. LLC
Q:Are there any tax savings in forming an LLC in Delaware?
A:Delaware saves you taxes because there is no sales tax and you don't have to get a business license if your business is located in another state. Nor is there any LLC income tax as in Nevada.
| Q:Becoming an llc or a corporation is probably the cheapest insurance and a good way to save on taxes using several available strategies to reduce your tax liabiltiy but can one person be an LLC?.
A:Yes you can form an LLC even if you are one person with little or no capital reserves..
| Q:How do I manage my LLC?.
A:One or more persons can manage the LLC. It can either be manage by one member manager or by all member managers. LLC | Q:Do I have to have a registered agent?
A:Do I have to have a registered agent?
Q:How do I get paid as a managing member of an LLC? LLC
A:As a managing member of an LLC, you simply write yourself a check to get paid from your LLC.
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Q:How many people do I need to form an LLC?
A: Even just one person can form an LLC.
Q:How do I file an LLC? LLC
A: The creation of an LLC occurs when the articles of organization are recorded. You need to fill out the certificate and file it. Normally a state fee is involved and the llc may have to be published in some states. Other than that you just need an LLC agreement and you will be an LLC.
Q:How will I have to pay for taxes for my LLC?
A: With an LLC, you can elect to be taxes as a sole owner or be taxed as a corporation.
Q:
What are the differences between a limited liability company and a partnership?
A:The important difference between an LLC and a general partnership is that the LLC affords protection as a corporation does so you are not personally liable for business debts as is the case with a partnership.
Q:What do I need to know before I set up an LLC?
A:You may want to look into securities law if you are a passive investor in the LLC because you may have to register the sale of membership certificates with the SEC.
Q:Do I need to sign the LLC certificate of the articles of organization before you submit it to the secretary of state?Seller's Permit
A:No, you don't need to sign the articles before we submit it for filing.
Q:What state is the best state to set up an LLC?
A:Unless you make more than 100
Q:Why is an LLC better than a sole owner or partnership or even a corporation? Business License
A:Mainly because you can file the llc taxes under your name and that way you can offset losses against llc profits. That is called pass-through taxation.
Q:What if I want my LLC to be taxed as a C corporation?
A:In some cases you may want to be taxed as a corporation and it may result in savings because corporate taxation is lower than individual taxation.
Q:In what states may I set up a series LLC?.
A:Delaware, Illinois, Iowa, Nevada, Oklahoma, Tennessee, and Utah allow for series LLCs.
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