Jul 23, 2020
Doing Business in California Anonymously
If you’re a resident of California and you want to do business anonymously, you need to be careful how you set up your company structure. The reason for this, is...
Knowledge Base
Jul 16, 2020
How Do I Add New Owners to a LLC?
This is a good question, and the answer can be easy or it can be complicated. It also depends on the status of the existing LLC. Ask yourself the following...
Jul 9, 2020
Do I have to file a Partnership Return (Form 1065) with the IRS for a LLC that has no assets or income?
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...
Jun 23, 2020
What are the Pros/Cons to adding additional Class Codes to my Trademark Application?
Trademarks are associated with a product or service, and products and services are distinguished by “Class Codes” which designate high-level categories that a particular product or service falls into. There...
Apr 28, 2020
Why Shouldn’t a US-Citizen “Open Up a Bank Account” for a Foreign National?
US Federal Law requires that banks “know their customer,” which are called “KYC laws” in the business. To learn more, google “bank KYC laws”. These laws have been around a...
Apr 28, 2020
Can a Foreign National (non-US-Citizen) Open Up a US-Based Bank Account?
The quick answer is “yes,” but US federal law requires that banks “know who they are banking with.” Banks have varying policies on what that means, but in general, most...
Jan 6, 2020
Tax Status for Companies
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...
Dec 31, 2019
What is the Best State to form a LLC?
We get this question a LOT — more often than I would care to guess. The problem is, it’s really not an easy question to answer. A lot depends on...
Nov 19, 2019
Having Trouble Opening Bank Account in My State. How Do I Open a Bank Account, Without Registering in My State?
At the end of the day, banks want to make sure the bank accounts they open on behalf of their customers are operating legally. This means, if you want a...
Aug 8, 2019
With foreign ownership of a US-based LLC, with no other nexus to the US, are there any forms to file or taxes to pay in the US?
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...
Jun 3, 2019
What Else Is There, After I Form a Company?
If you’ve just formed a company (or ordered a formation from us), congrats! You’ve just taken the first step of a very important, miles-long journey, that is establishing a business....
May 4, 2019
I’m a US citizen now living as an expat in a foreign country. Is there anything preventing me from opening up a US-based company to provide services in the US?
The short answer is “no, not really.” The longer answer is that you should consult with your CPA, to understand how certain types of income may need to be reported...