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Thanks for sharing this information. I am exploring it further. I guess the one institution that you must provide accurate contact information to is the IRS for the EIN, unless the EIN is not...

There will always be high revenue because you take bill payments and the phones are expensive.

Employees steal constantly. So you need to do daily audits. Also the profit margin on a cricket phone is about $36. So you have to have high volume to break even. Check their profit numbers.

I'm sorry that you find this unhelpful, but due to this being a public forum I do not want to, nor promote, giving legal advice from non-legal professionals.

Yes, I could have mentioned the "quit...

The LLC is a fall through entity. Taxes remain the same. To set up ownership properly is by submitting a quit claim deed. This process can be done within a day.

Source
Experience

Get a lawyer and do it properly.


This type of post is unhelpful. :confused:


What you need to do without a lawyer is fill out a quit claim deed. You can get one at rocket lawyer. It allows...

I've been using their "Premium and Business" program for a small handful of in-house stuff consisting of a few simple LLCs and C corps, for about 8 years running now. "Premium and Biz" is their...

Does anyone use their software for a business? How good is it? As good as turbo tax? :confused:

No you do not have to.

I am planning to start a convenience store business in SC as LLC single owner. My visa status is H1 which says that i can able to invest in business but i cant able to work for that entity. SO i am...

Benefit is that it's likely cheaper to be a local LLC than a "foreign" one (depending on how much the costs are and how much you'd have to pay for a "foreign" agent in KY). Other benefit is that...

In order to transfer assets and keep the same tax id you must

1 create a new llc in TN. Same name if you want.
2 complete and articles of merger between the KY and TN LLC.
3 dissolve the KY...

I agree I too worked for an employer while I even hired employees to help the business grow. It seemed like I was working for free paying others to work for me, but in a short period of time I was...

You can do it yourself usually within minutes. Just google SOS "Your State Name" and it should bring up your secretary of state. There is no need to use legal zoom or a lawyer. I do believe your...

I am a little late to this party/string, but I have the same questions about remaining anonymous. Has anyone learned more about this subject since this string was started? I need to operate a few...