You have to follow the formalities. You may have been told that an LLC doesn’t have the formal operating requirements that a corporation has. That is actually true, but it’s a lie. The statutes don’t define the formalities, and some even say they aren’t necessary. The idea is to ...
For example, if you form an LLC in Nevada, but live in and conduct business in California, you’ll also need to register your Nevada LLC in California (and pay extra fees). And you’ll end up paying California taxes anyway. This ends up leading to more costs and more headaches with ...
We recently heard from a real estate developer, who after acquired land and built a subdivision. Afterwards they found out they shouldn’t have formed their LLC in Nevada, and wanted to move the LLC to their home state. Then, they were pretty much “frozen” in a state of inaction when ...
6. Choose a registered agent in Nevada Per Nevada’s articles of organization requirements, all LLCs in the state must declare their own registered agent to accept tax documents or legal forms on behalf of the business. While LLC members can reside anywhere, the company’s registered agent mus...
Nevada allows for the formation of a PLLC, a special type of LLC that’s organized by licensed professionals such as lawyers or medical doctors. But when you form a PLLC, you’ll have slightly different requirements, including how you name it. For the most part, you’ll follow the naming...
Determine Your State’s Requirements The first thing you need to do is figure out what forms your state requires for newly-formed LLCs. You will almost always need to fill out an operating agreement, but there may be other forms as well. You can find this information on the Secretary of...
Arkansas pairs its annual report with an annual franchise tax. Some states, like Washington and Nevada also require LLCs to file an initial report. This is a report due upon or shortly after starting your business. And of course, states have their own LLC tax requirements, from informational...
No, you can prepare and file the Articles of Organization – one of the most important LLC forms needed – yourself. Be sure you understand the requirements of your intended state of incorporation. You can use BizFilings' service to form your LLC, completed your LLC forms and...
When youstart an LLC, you’ll need to determine if your business needs any licenses or permits to stay compliant. On the state and local level, business license requirements vary depending on your state of formation, as well as on county and city laws. ...
Arkansas pairs its annual report with an annual franchise tax. Some states, like Washington and Nevada also require LLCs to file an initial report. This is a report due upon or shortly after starting your business. And of course, states have their own LLC tax requirements, from informational...