Quote:
Originally Posted by Joshua G
[S]o if someone sues you, it would be the LLC on the hook not your personal name.
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Corrected: it would be the LLC
's assets on the hook not your personal n̶a̶m̶e̶
assets.
Tax pass through can be accomplished with a LLC or a Sub chapter S corporation -- get advice from an IRS enrolled accountant or a CPA.
Using a foreign corporation (not in your state vs. a domestic corporation) is a fallacy. If you are a foreign corporation, doing business in your state, you will need to register as a foreign entity and pay taxes according to your state's laws, on you in-state revenues and assets -- so it may cost you more in the long run. A Delaware incorporation will not obscure your identity either-- in most cases your filing of the foreign entity in your state (to operate legally) would require the officer's names to be listed if that is the procedure for domestic corporations.
Here is an example from Massachusetts
http://www.sec.state.ma.us/cor/corpd...3950c11348.pdf
Quote:
(8) Names and business addresses of its current officers and directors:
NAME
BUSINESS ADDRESS
President:
Vice-president:
Treasurer:
Secretary:
Assistant secretary:
Director(s):
Attach certificate of legal existence or a certificate of good standing issued by an offi cer or agency properly authorized in the
jurisdiction of organization. If the certificate is in a foreign language, a translation thereof under oath of the translator shall be
attached.
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A Delaware corporation filing is for state tax reasons and for SEC laws and for large corporations. It's a joke for small companies. Check the filing requirement with your state --
you cannot do business in a jurisdiction (a state) without some sort of business filing naming the officers in most places.
There is no national (nationwide) incorporation in the USA (period).
Stop the comic-book advice ...