Question: I’m trying to explain to my CPA how my Anonymous LLC parent/child structure works, and make sure my CPA understands it, especially how I can tax myself under S-Corp...
Assuming your LLC is a multi-member LLC that has not elected to be taxed as a corporation, it is taxed by default as a partnership. Partnerships (and LLCs taxed as...
Companies in the United States are taxable entities. How they are taxed depends on the designated “tax status”. This “tax status” occurs at the federal-level with the IRS, and the...
Question: I am considering forming a LLC in New Mexico or Wyoming with three partners, including myself. None of the partners are a resident of the US. No work will...
This is a very complicated topic with many nuances we will not be able to cover in a knowledge base article. However, the short answer is that everyone is required...
Question: For non-residents in the US who have a NM LLC, I know it’s a pass-through entity which means my profits, losses and expenses simply flow through to me as...
I get this question more times than you may think. Before I give you some pointers, please understand that I am NOT a tax attorney and that everyone’s circumstances are...
Yours is an interesting question, and much of the answer depends on what kind of LLC you’re forming (or have). If you’re forming a single-member LLC treated by the IRS...
Before I begin, please understand that the IRS has many rules that govern FEIN’s, when they are required and the issues behind applying for FEIN’s. If you want to get...
While it is possible to have an anonymous company, the truth of the matter is that company must be a limited liability company (or LLC). It cannot be a corporation....
Before I begin, please understand that L4SB is not a CPA firm, nor has CPA’s on staff. Therefore, you will always be better served by talking to a CPA about...