Hi, I would like start new LLC using my EAD card. I can't efford much amount to invest. Can I use my Apartment Address as my company address? how much I need to start LLC..?? are there any website that I can use to start on myown.. Help will be appreciated. Thanks
The creation and regulation of LLC's are performed at the state level. Check the web pages for your state government, usually under the Secretary of State, or other web site which discusses the forming of business entities. The cost will vary from about $50 to several hundred dollars depending on the state. In some states you can do this completely on-line. Before you start the process, you will need to come up with a unique business name (unique to that state). In some states, you will need to pay extra to do a name search and to reserve a name. It would help if you have several different names you are willing to use in case the one you want is already taken. You usually do not need a lawyer or accountant, especially if you are a sole proprietor (no other owners). You will simply file your business taxes using 1040 Schedule C on your personal tax return. You must keep accurate records of you revenues and expenses and be able to prove they are business related. You may use your home address as the address of your business, and you may be able to deduct part of the cost of your home that is used exclusively for business purposes (but see IRS regs for details). You will need a social security number, and if you have employees other than yourself you should have an IRS EIN (business tax id number) . Search the IRS website for how to get one.
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