Your Dummies book on LLC is the best I've read. Great job! My question relates to forming an LLC as a holding company of an US Patent. There are 3 reasons for forming the LLC. 1. Protection of Patent from membership liability and membership from LLC liability. 2. Membership can be sold to (transferred) to new members (foreign and domestic) under the rules of private placement. Transaction proceed flows directly to the member who sells his/her membership shares. 3. Royalty from the patent can be partially distributed to members and partially allocated for R&D. Are there any flaws in using LLC to accomplish the above?
One of the most intriguing questions MYLLC.com gets asked is if you can form an LLC to hold a US Patent. The resounding answer is not only YES! But it is one of the wisest decisions you can make if you are an inventor. There are three main reasons for that:
Protecting your intellectual property with a US Patent is your first step. Your second should be to contact one of the highly experienced experts at MyLLC.com to determine which state to file your LLC as well as any other services you need to protect your interest. Contact us today to get started!Updated 2015-10-29
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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.