Sure, you don't strictly need a certified specialist just to set up an LLC—you mostly just have to watch those minimum technical requirements and make sure your health permits are in order... 😉
slylynx9 said:Hey, I’ve been scrolling through this thread for a bit, and honestly, I can't seem to find all the specifics we talked about. Sorry if I’m being repetitive here:
1. Can my company actually operate here in the States if it’s registered overseas? Like, am I legally required to set up a US branch or something?
2. What kind of primary business category should I pick for producing theater plays and going on tour?
3. Are there any weird rules about naming a new company—you know, like some restriction where you can't use foreign words or whatever?
Thanks
1. You have to register it here in the US. 2. I don't have the code handy right now, but I think you'll find it around section 9... check the NAICS manual... 3. There are definitely rules... just give the SBA a call if you want to save yourself the headache...
Jose Stewart3, Technically, a board member is supposed to be an employee—but an authorized signatory doesn't have to be. So, if you were the sole board member and the director, you could basically go out on sick leave or maternity leave and leave absolutely nobody else on the payroll... ☕
In your case, it really isn't—but look, don't get worked up, please. I’m not trying to be insulting here, but that question honestly deserved the response it got... 😍 I mean, you're hanging out in the Economics thread asking about trade and how to keep your revenue without paying the taxes and fees required by law... I think you'd be much better off taking that specific inquiry to a local IRS advisory office or something.
If you want my two cents: just call them from a blocked number or a burner phone, if you're so worried about them tracking your info. 😉
You’ve kept things a bit too vague here.... I need more specifics—where exactly is the freight coming from, what's the frequency per month, etc... Look, I have some experience navigating imports and logistics, but let’s be clear: business-to-business operations vary wildly from one setup to another... ☕
For crying out loud, look, even if he’s working somewhere, you don't actually need proof—what you really need is some level of assurance from the employer that he’s actually on the payroll, and if he’s currently unemployed while sitting on the board, then again, it shouldn't matter because, by law, a CEO has to be an active employee... ☕
The prosecutor doesn't actually need to be an employee—but the director definitely does. You have to provide proof that you're working somewhere else part-time; otherwise, you're required to be on a full-time schedule...
You can actually serve as a proxy—essentially acting as an authorized representative—without being an official employee or having to deal with payroll taxes. It works provided you have a director who carries the legal responsibility... and that director doesn't even need to be on the company rolls if they already hold a position elsewhere, just like what mellowfox56 was pointing out...
Besides that—even if they’re actually pulling a profit—as long as you're drawing an income, you still have to deal with self-employment taxes, Medicare, and all that other stuff... even if the company is already handling the transfers on their end... 😢
Raymond Ruiz94 said:Right. So you apparently know someone willing to lend you that kind of cash purely out of the goodness of their heart without expecting anything in return? And where did that $4,000 figure come from? Because according to HuffPost, the admin fees alone are closer to $7,000.$1667
it took me that long just to get everything ready... 🤷
Your startup costs look like this: - $20,000 in seed capital—which you can technically just loan to the business, park it in a Chase account for a couple of days, and then withdraw it to pay yourself back... basically, if you're short on cash, borrow it from someone for a few days and return it later. - Between notary fees and those extra administrative headaches—like filing paperwork with the Secretary of State and various publication requirements—you're looking at roughly $4,000. $1667
Harold Taylor6 said:A buddy of mine is thinking about launching his own business. The thing is, he’s already got a full-time gig lined up—he probably needs a good year or two to get everything organized and really find his footing before diving in headfirst. My question is: can he just go ahead and register the LLC now, and then just... let it sit? Like, can he have the company officially established, but essentially keep it dormant with zero income and zero expenses, all while staying opted out of state sales tax registration? He basically wants a "just in case" entity ready to go if an opportunity pops up, but without having to deal with the headache of paying himself a salary or covering payroll taxes and health insurance premiums until he actually starts making moves.
You’ve got a thousand posts under your belt, yet you haven't bothered to look through the archives??
Just take a second to read back through a few pages... it's all been covered right here...
You come across as pretty green—honestly, you seem to lack the fundamental business acumen required for this kind of thing—so I wouldn’t recommend diving into the entrepreneurial deep end with such limited knowledge... it's risky.
If you’re the one actually owning the company, then legally, the buck stops with you—you’re responsible for everything the business does—but since you don't even grasp the basics being taught by your professor (and let me tell you, she's been an absolute lifesaver with her guidance so far 🙏), it would be incredibly reckless to launch a venture that your partner will be running while you sit there with almost zero understanding of how commerce actually works.
One more thing—while advice on a forum like this can be helpful, it should never, ever be the foundation of your expertise; think of it as a mere suggestion or a starting point, nothing more... you need to seek out actual verification elsewhere to confirm if what you're hearing is right or wrong.
Some things here aren't quite clicking yet—there's a clear lack of the essential information that your partner clearly possesses... 🤷
Betty Gonzalez91 said:I found what I was looking for: it turns out I can start my own small business even if I'm currently employed elsewhere (assuming that rule hasn't changed recently). However, I am wondering if my employer needs to be officially notified that I've launched my own venture?
Just a heads up—don't forget you'll be staring down double taxation, both for Social Security and Medicare 😲(based on the pay stub you're looking at) ... turns out being your own boss isn't all sunshine and rainbows.
My apologies, but I haven't been able to track down a specific guide on how to wind down a business anywhere on this forum, and I really need some direction... The company failed to secure the necessary business visa, so the owner has decided it’s time to pull the plug and close things down. Any help would be much appreciated!