I'm a military spouse also employed by the U.S. government, and I've been looking into establishing an LLC to sell my oil paintings and photographs online. We move every 2-3 years, and potentially could live overseas. I'd like to start the LLC now in order to give it time to grow in a part-time status until I retire in 5-7 years and am then able to devote my full time to it. With the bulk of the sales coming from the internet, that could include both national and international sales, what state(s) do I need to register in? Would I have to foreign file in the main states I do online sales in? Any help is much appreciated. Your book is great!
Some states can offer much better conditions for Limited Liability Companies than others. Most web-based companies will file in tax haven states like Nevada or Wyoming. You may only need to register in states you are actually conducting business out of. Most states see a brick and mortar business or you having employees in their state, as doing business in their state.
Here is a link to an article I recently wrote where I go over the benefits of Nevada vs Wyoming for incorporating.
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What is your first step? Simply choose which of the following two options applies to your business:ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!
MyLLC is committed to assisting you in this process but you must contact us today!Call us toll free at 888.88.MYLLC or fill out the contact form so one of our experts can help you.