LLC open chesina vallu vunara

[perugu_vada]

1 hour ago, VakeelSab said:

@Konebhar6 please advise contract job is open on 1099 or C2C not with W2. I don't have LLC

1-day lo open cheyochu llc .. tarvatha dhaanni s-corp ki convert chesko ..

check with ur local CPA.. he can help .. naku LLC and S-corp with charges ki they took $550

C2C cheyi .. 1099 kanna adhi better .. 1099 ki taxes ekuva pay cheyali

with C2C aithe .. business insurance thesko .. which costs u like 70-75/month .. via biBerk.com 

[Sanjiv]

21 minutes ago, Sanjiv said:

just go to IRS and apply for subchapter S-corp if you want (s-corp better for very small companies).

open a checking account. Maintain all biz expenses in that account.

file annual returns with SoS every year.

check out Youtube videos for more info on incorporating.

don't waste money on middlemen

of course, you need a payroll company that pays taxes and files all returns, unemployment insurance periodically for your company, generates W2, etc (you are the employee of your company).

you should file your biz taxes and personal taxes every year.

[beerboy17]

3 minutes ago, perugu_vada said:

1-day lo open cheyochu llc .. tarvatha dhaanni s-corp ki convert chesko ..

check with ur local CPA.. he can help .. naku LLC and S-corp with charges ki they took $550

C2C cheyi .. 1099 kanna adhi better .. 1099 ki taxes ekuva pay cheyali

with C2C aithe .. business insurance thesko .. which costs u like 70-75/month .. via biBerk.com 

@perugu_vadabro nuvvu open chesava reason behind.. work out ayinda ?  

[beerboy17]

5 minutes ago, Sanjiv said:

of course, you need a payroll company that pays taxes and files all returns, unemployment insurance periodically for your company, generates W2, etc (you are the employee of your company).

you should file your biz taxes and personal taxes every year.

evvani chesaka manaki entha miguludhi bro.. emaina use yunda opening this... why do we need to change it to scorp after opening ...
@VakeelSab rate yentha bro.. ?

[perugu_vada]

11 minutes ago, beerboy17 said:

@perugu_vadabro nuvvu open chesava reason behind.. work out ayinda ?  

if u plan on working as individual contractor .. then it will help .. w2 medha work chestha ante waste 

3 minutes ago, beerboy17 said:

evvani chesaka manaki entha miguludhi bro.. emaina use yunda opening this... why do we need to change it to scorp after opening ...
@VakeelSab rate yentha bro.. ?

llc vs s-corp benefits chudu uncle .. youtube lo .. niku konchem idea ostundi 

[beerboy17]

3 minutes ago, perugu_vada said:

if u plan on working as individual contractor .. then it will help .. w2 medha work chestha ante waste 

llc vs s-corp benefits chudu uncle .. youtube lo .. niku konchem idea ostundi 

chusta bro thanks for the gynodayam.. nuvvu individual contractor aa bro ? if ok can u dm your cpa anna ...

[perugu_vada]

2 minutes ago, beerboy17 said:

chusta bro thanks for the gynodayam.. nuvvu individual contractor aa bro ? if ok can u dm your cpa anna ...

if u are in TX same cpa works .. different state aithe verey cpa ni chuskovali nuvu

u can msg me.. fine

[csrcsr]

1 hour ago, Konebhar6 said:

I am not sure on this. @csrcsr ?

Ca lo mandate antunaru kada

[csrcsr]

2 hours ago, VakeelSab said:

in how many days we can open LLC ? I have a job on 1099 or C2C and vendor is not accepting on W2

3 weeks anadu anna legal zoom end to end

[PhillyDotNetGuy]

LLC open chesi better to run some payroll?

Or every month owners draw cheyacha?

[LakshmiParvathii]

1 hour ago, csrcsr said:

3 weeks anadu anna legal zoom end to end

for homless @csrcsr ki 3 weeks 2 days lo aipothundi bay area lo cc @Gobi @SWQB

[kakatiya]

3 hours ago, veerigadu said:

Can I reside in GA, and open an LLC in Delaware? 

I have some friends who live over there. I can use their address. I heard there are some tax benefits. 

There is a work around for this...yes but you have to follow certain conditions

[Gobi]

40 minutes ago, LakshmiParvathii said:

for homless @csrcsr ki 3 weeks 2 days lo aipothundi bay area lo cc @Gobi @SWQB

@csrcsr ga Em brathuku ra 24/7 you die here only 

[LakshmiParvathii]

1 hour ago, Gobi said:

@csrcsr ga Em brathuku ra 24/7 you die here only 

@csrcsr is not sleeping vadu morning 6 am -6 am pst 24/7 online lo threads lo participating

[Be_happy]

8 hours ago, perugu_vada said:

if u plan on working as individual contractor .. then it will help .. w2 medha work chestha ante waste 

llc vs s-corp benefits chudu uncle .. youtube lo .. niku konchem idea ostundi 

We don’t need to change our llc to s-corp. your company will stay as LLC. 
 

while filing for EIN number with irs, you will have an option to choose on how to consider your entity for paying taxes. Default is LLC. You can choose s-corp here. Even if you choose something wrong now, you can fix it when filing taxes for the year. It’s just an additional document to consider your LLC’s taxation as S-corp.

i am doing the same.