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Questions tagged [llc]

Questions relating to Limited Liability Companies (LLC).

0
votes
2answers
73 views

Buying 100% member interest in existing LLC. Do I need a new EIN?

I'm soon going to close a transaction with the owner of an existing single-member LLC, that will transfer 100% of the current member's interest to me, making me the sole member (owner) of the LLC. It'...
2
votes
1answer
52 views

Does LLC Protect from Personal Lawsuit

I am looking on taking my first job as a freelance developer and the project involves ecommerce. We are starting to get to the contract talks and I wanted to make sure if anything goes horrible wrong ...
0
votes
3answers
123 views

LLC and liability from past

If I form a LLC today, would I be protected from any lawsuits from the past inventory I sold BEFORE I became a LLC, or am I only protected from the date of my LLC going forward?
1
vote
1answer
31 views

Unemployment Insurance

What is the best source of information about financial and legal requirements for LLCs? My husband has been paying my quarterly taxes, but I want to make sure we aren't missing anything without ...
0
votes
0answers
50 views

Agency says they can't deal with an LLC that's been in business less than 90 days?

I'm considering a 6-month contracting opportunity in New York, through a large staffing agency. I will probably want to continue with short-term contracts after this one, so I had assumed the way to ...
0
votes
1answer
86 views

Invoicing Dutch clients from my Tennessee LLC

I recently moved to Tennessee from Amsterdam, the Netherlands. I'm a web developer with a large client base in the Netherlands. In Holland I was required to add 21% tax (VAT) to my invoices for Dutch ...
-1
votes
1answer
85 views

Freelance Insurance for C2C Arrangement

I'm preparing to sign an agreement to work as a freelance contractor using a corp2corp arrangement with my LLC. I know nothing is hard and fast until I get actual quotes. Unfortunately, actual quote ...
5
votes
2answers
273 views

Can I claim payments to me personally as income for my single-member LLC?

I'm a freelancer who offers digital marketing services. I recently established an LLC under a DBA name. From what I understand there is no difference between me and the LLC, and that we are the same ...
2
votes
4answers
273 views

Easiest ways for a US LLC to receive payments from UK clients

I currently have a UK based consulting business but I have just moved to the US. I have retained some of my UK clients so I've been looking for the most tax efficient way to manage clients in the US ...
0
votes
3answers
141 views

Better to go on payroll or act as a vendor?

I'm a software engineer doing some freelance work for a large organization. The process that they have in place, if I were to work for them as an individual, is that I'm expected to be put on their ...
4
votes
4answers
247 views

Should I expect a 1099

(Note that this is a US specific question) I am a single person LLC (not C or S corp) and last year I contracted with a staffing firm to perform work for a 3rd party on a 1099 basis (rather than W-2),...
1
vote
1answer
262 views

What are the consequences of letting your LLC become inactive?

This question is specific to Florida, US. An LLC was formed in Aug of 2014. It failed to file an annual report. I just realized this and found that the LLC had become inactive. The state website, ...
0
votes
2answers
96 views

Having clients abroad as a LLC

I have a California-based LLC through which I provide design services. If a company in France wanted to pay me for these services, would that be possible? And what would be a good way to: -Bill them ...
2
votes
2answers
160 views

Freelancing & establishing a limited liability company - portfolio ethics

I'm planning to start a web/app development business - I want to operate as an LLC for the limited liability, but don't plan on taking on any other members or employees. I will really need to build up ...
0
votes
1answer
148 views

Work 1099 without company

My wife has the possibility to do some regular freelancing work (writing and editing) with a local company which would be paid as a 1099 on an hourly basis. Several years ago when she did something ...
6
votes
1answer
240 views

What is the difference between an LLC and a PLLC?

I'm a mobile developer in the state of Florida and I'm currently freelancing through an LLC I setup a couple years ago. I went to a talk about business startups recently and the term PLLC, or ...
7
votes
3answers
797 views

Can I start doing work before my LLC paperwork has run through to completion?

I've started the process of creating an LLC through Legalzoom. I've acquired a client now though, before hearing back from the Secretary of State, etc. (I'm in Ohio). Can I start work/invoicing ...
6
votes
2answers
273 views

Disadvantages to incorporation/forming an LLC?

In previous questions there seems to be a general consensus to seek incorporation early and always. Are there any reasons not to? Are there additional burdens that hit LLC's, corporations, and the ...
20
votes
4answers
20k views

What does an LLC's limited liability really protect you against (if you are sole owner and employee)?

I have looked into forming an LLC a few times in the US (right now I am better off not doing so for tax reasons while I am abroad but that is another story). However in my research, I may be ...