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Best way to start an LLC?
Posted on 11/22/22 at 12:23 am
Posted on 11/22/22 at 12:23 am
I have to open an LLC for my “new” job. I know most of you OT ballers probably have them. What are the best and quickest ways to start one?
24
Posted on 11/22/22 at 12:25 am to Dale Murphy
Depends on what state. In MS, it's as easy as completing a simple online app with the SOS and paying about $50.
This post was edited on 11/22/22 at 12:26 am
Posted on 11/22/22 at 12:27 am to Dale Murphy
Posted on 11/22/22 at 12:36 am to Dale Murphy
Pick a name not previously used and pay the registration fee.
Posted on 11/22/22 at 12:40 am to Jim Rockford
Yes I am. Thank you.
Any reason not to just your name as the name on the LLC? Such as Dale Murphy LLC?
Any reason not to just your name as the name on the LLC? Such as Dale Murphy LLC?
Posted on 11/22/22 at 12:49 am to Dale Murphy
I guess naming it something else would give you a little privacy if that's important to you.
If you want to name it Baw you're out of luck. It's already taken.
If you want to name it Baw you're out of luck. It's already taken.
Posted on 11/22/22 at 12:58 am to Dale Murphy
fill out the paperwork
Posted on 11/22/22 at 1:29 am to Dale Murphy
After that get tax ID and then open business bank act. Even if you don’t use it, it has benefits after two years.
Posted on 11/22/22 at 1:34 am to Dale Murphy
Family land? You'll want an LLC.
Posted on 11/22/22 at 1:48 am to Dale Murphy
file the paperwork - if you want legal advice hire an attorney
Posted on 11/22/22 at 1:53 am to Dale Murphy
First, you make a roux
Posted on 11/22/22 at 2:57 am to Jim Rockford
quote:
If you want to name it Baw you're out of luck. It's already taken
How about "BAW 350"
Posted on 11/22/22 at 4:27 am to Dale Murphy
How about “Mazzone Rocks, LLC”?
Posted on 11/22/22 at 4:53 am to Dale Murphy
quote:
I have to open an LLC for my “new” job.
What kind of job requires you to open an LLC? Is this a company you're starting?
Posted on 11/22/22 at 5:07 am to Dale Murphy
Rozy Finch Boyz… taken.
This post was edited on 11/22/22 at 5:11 am
Posted on 11/22/22 at 5:52 am to Dale Murphy
In LA:
Option 1: Call lawyer, pick name and they'll check it in the database, have them draft Articles and Operating Agreement based on your needs, pay and done.
Option 2: pick name, check it in sos database, draft your own articles and OA, pay and done.
Depending on how complex you want the entity to be for tax/business purposes, or if its going to be part of a chain of LLC's/Trusts/partnerships/etc. will give you your best answer. For a sole prop./disregarded entity LLC it probably isn't a big deal to do it yourself.
Option 1: Call lawyer, pick name and they'll check it in the database, have them draft Articles and Operating Agreement based on your needs, pay and done.
Option 2: pick name, check it in sos database, draft your own articles and OA, pay and done.
Depending on how complex you want the entity to be for tax/business purposes, or if its going to be part of a chain of LLC's/Trusts/partnerships/etc. will give you your best answer. For a sole prop./disregarded entity LLC it probably isn't a big deal to do it yourself.
Posted on 11/22/22 at 6:13 am to BorrisMart
DIY may be okay for a single member LLC, but when there are two or more members a business lawyer can help avoid problems by discussing and addressing in the operating agreement things like tiebreakers, capital calls, and what happens if a member dies (congrats! you are partners with his sorry arse kids who don't return calls), gets divorced (congrats! you may now be partners with his bitch ex-wife), goes broke, wants to sell his interest to someone else, etc.
Posted on 11/22/22 at 6:19 am to Dale Murphy
My tax accountant did all the work. Paid her $500.
Pro tip- get a checking account and credit card for your LLC. Keep everything separate. EVERYTHING.
You’re going to be amazed at what you can charge to llc and the deductions at the end of the year. Not necessary, but I use QuickBooks to track everything.
Makes it way easier at tax time. Good luck.
Pro tip- get a checking account and credit card for your LLC. Keep everything separate. EVERYTHING.
You’re going to be amazed at what you can charge to llc and the deductions at the end of the year. Not necessary, but I use QuickBooks to track everything.
Makes it way easier at tax time. Good luck.
Posted on 11/22/22 at 6:48 am to Dale Murphy
quote:
Dale Murphy
Go talk to a CPA. Last thing you need to do is pay unnecessary self employment taxes because you didn't know any better. Since it is a job, I'll assume this isn't a family property thing that you just need a disregarded entity for.
Posted on 11/22/22 at 6:50 am to Dale Murphy
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