LLC FAQs
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Question:
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Category: Tax and Taxation Law
Location:
MO
Subject: Hiding corporate officer identities
I
put this under ''taxation'' because I'm sure taxes will play a big
part in the answer. I'm starting an internet business that, while
legal and ethical, isn't the type of business I'd like my neighbors
to know I operate. I live in Missouri and would like to keep private
who owns the company. This isn't easy when Annual Reports are
available to anyone on the MO state website. How can I keep this
information less accessible? So far, I've incorporated in Nevada.
I've also got another incorporated business that's registered in MO
(it was incorporated in KS). I was thinking about having my new
business pay all net revenue to my old business for services to
avoid having to submit employment taxes and forms (I'd still be
paying employer taxes through the old business). Even so, I think
I'd still have to file a MO Annual Report, but I'm not sure about
this. Bottom line: I'm incorporated in NV, my bank will be out of
state, and I'll be conducting business all over the world. However,
my butt will be in MO and I need to get paid. Any ideas?
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Reply:
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Category: Tax
and Taxation Law
Location: MO
Subject: Re: Hiding
corporate officer identities
You are going overboard! Before
you set up any entity, you should have consulted with a tax and
business lawyer. Many times, a corporation may not be the best
choice. You should also consider the tax aspects of the businesses.
Right now, with entities in 3 states, you are starting with a
needlessly complex business structure. STOP! Consult a tax
lawyer.
I have some information on my web site which may help -
http://www.taxesq.com/
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Question:
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Category: Business Law
Location:
NJ
Subject: corperations
can I modify the name of my
llc?
i.e. Eastern cORE dRILL,LLC
to
ECD,LLC
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Reply:
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Category: Business Law
Location:
NJ
Subject: Re: corperations
First, a Limited
Liability Company is referred to as a LLC not a Corporation.
Secondly, you can file an "Alternative Name" with the Dept of
Revenue. Because 3 initial names are in great use, you may have
trouble actually changing the name. Also, you do not want to be
confused (and liable for) another business.
You need a good
business and tax attorney to help you set up your business
right!
Ron Cappuccio
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