Starting an LLC: Where to begin?
in Business, Accounting & Taxes ·
Dear Forum Members,
I have two specific questions regarding business formation. I am planning to establish an LLC that will remain inactive initially while I get certain projects off the ground. My first inquiry concerns the overhead costs associated with maintaining an inactive company. Secondly, is there a legal requirement to hire staff, or if I am the sole employee, am I still obligated to pay social security, healthcare, and other payroll taxes? It is worth noting that I am already employed elsewhere, where my employer handles all my tax contributions.
I appreciate any insights you can provide.
P.S. I am also looking for a reliable accounting firm; please feel free to reach out if you offer professional bookkeeping services.
I have two specific questions regarding business formation. I am planning to establish an LLC that will remain inactive initially while I get certain projects off the ground. My first inquiry concerns the overhead costs associated with maintaining an inactive company. Secondly, is there a legal requirement to hire staff, or if I am the sole employee, am I still obligated to pay social security, healthcare, and other payroll taxes? It is worth noting that I am already employed elsewhere, where my employer handles all my tax contributions.
I appreciate any insights you can provide.
P.S. I am also looking for a reliable accounting firm; please feel free to reach out if you offer professional bookkeeping services.