Starting an LLC: Where to begin?
in Business, Accounting & Taxes ·
So, I’m looking to set up an LLC in a few days.
I’ve got the cash ready to go, startup capital and everything, so no worries there.
The thing is, the business won't actually start running for maybe 6 to 8 months. I won't have any employees at first—just me as the director—but I'm currently working a full-time job at a government agency.
Here’s what I’m wondering:
1. Am I going to run into any taxes or expenses during this waiting period before things actually kick off?
2. I’m planning to register for specific services that don't need crazy technical requirements (since that's all I'll be doing), and I want to use my home address. It's a family house owned 50/50 by my parents. They don't actually live there, they just own the place. Do I need to sign some kind of lease or rental agreement with them?
3. Since nothing is really happening yet, do I even need to hire an accountant during this pre-launch phase?
I guess you're probably wondering why I'm starting this so early, but I found a business name that is just... perfect. It's super unique and fits exactly what I'll be doing, so I'm pretty worried someone else might snag it if I wait.
I’ve got the cash ready to go, startup capital and everything, so no worries there.
The thing is, the business won't actually start running for maybe 6 to 8 months. I won't have any employees at first—just me as the director—but I'm currently working a full-time job at a government agency.
Here’s what I’m wondering:
1. Am I going to run into any taxes or expenses during this waiting period before things actually kick off?
2. I’m planning to register for specific services that don't need crazy technical requirements (since that's all I'll be doing), and I want to use my home address. It's a family house owned 50/50 by my parents. They don't actually live there, they just own the place. Do I need to sign some kind of lease or rental agreement with them?
3. Since nothing is really happening yet, do I even need to hire an accountant during this pre-launch phase?
I guess you're probably wondering why I'm starting this so early, but I found a business name that is just... perfect. It's super unique and fits exactly what I'll be doing, so I'm pretty worried someone else might snag it if I wait.