Re:My $3.3M Mistake
by alain94040 on Wednesday May 27, 2009 @04:46PM
(#629148)
Setting up an LLC in Wyoming will not shield your from tax issues in your home state (California or otherwise).
Those LLCs are such a headhache from a tax point of view, plus they depend so much on state and federal regulations. Good luck doing business internationally as well.
Granted, the liability part is not as strong as a clean LLC, but you are shielded from your customers, and you can work with pretty much anyone worldwide without having to worry about any paperwork at all.
Those LLCs are such a headhache from a tax point of view, plus they depend so much on state and federal regulations. Good luck doing business internationally as well.
Why do you think we invented the 100% virtual company (http://fairsoftware.net)?
Granted, the liability part is not as strong as a clean LLC, but you are shielded from your customers, and you can work with pretty much anyone worldwide without having to worry about any paperwork at all.