I've recently started working on a couple of software projects that I hope will generate income in 2014. I'd like to form an LLC, but I'll probably end up doing that closer to completion since it's so expensive. Because my old laptop just wasn't up to snuff for development work anymore, I decided to purchase a new laptop a few weeks ago. Now I'm worried that I may have missed out on a sizable tax deduction. Assuming I can't take the laptop off my taxes in 2013 (no LLC, no revenue), is there any way I'll be able to deduct a purchase made in 2013 as a business expense in 2014?
posted by archagon
on Dec 10, 2013 -
Hello, I am currently developing a small food business. I am interested in selling my food on weekends at outdoor markets across the city. I think this is a good way for me to get my feet off the ground and see how people respond to my product. What I can't quite figure out is if it is too soon to start thinking about registering the company name and logo? If so, would I register my small business as a LLC business or corporation? I am a bit confused. Would someone be able to help? Thank you!
posted by delasoull
on Dec 6, 2013 -
I am finally about to graduate from a program to be a professional dog obedience instructor. I am completely clueless about what steps to take to start a business, legally at least. You are not my lawyer... but do I need one? [more inside]
posted by Quincy
on Oct 2, 2013 -
Hi - my partner decided to leave our LLC and now we need to evaluate how much is it worth.
It's a spa business with two of us performing most of the services in a rented location. Lease agreement is up in October 2013. Each of us serviced our own clients - she's got her Clients. I got mine clients.
Any suggestions or rules of thumb approaches for how to estimate our service business value so we can arrive at a fair buy-out price?
Appreciate all the help!
posted by Michal
on Jul 14, 2013 -
I'm working on a few apps and I'd like to form an LLC. What complicates matters is that I plan to travel the world for the next few years, meaning that all my work will be done from my laptop with no stable office and no employees other than myself. I'm currently based in California. What are some good resources to help me figure out the best way to establish my business, both financially and legally? [more inside]
posted by archagon
on Jul 2, 2013 -
I have a good idea for a web application, but I'm worried it might incur the wrath of a few specific larger companies. Would it be a good idea to create a business entity to protect myself from any personal liability I might be exposed to? [more inside]
posted by AfterAlbuquerque
on Jun 17, 2013 -
We're looking to obtain the best credit card possible for a 5 person band with minimal expenses and income. We're an LLC incorporated in NYC. Band expenses typically include food, gas, merch supplies (shirts, blank CDs etc) and the occasional cash withdrawals, but the big anticipated purchase is a van (used -- no more than $5k). Suggestions for checking accounts also welcome...
posted by qzar
on Apr 18, 2013 -
I'm a proposal writer and editor who has decided to go the independent contractor route and set up my own LLC. Should I just use my own name, or come up with some other company name? [more inside]
posted by Naberius
on Sep 24, 2012 -
I run a electronic music blog and we are in the works of snagging some pretty big deals. A number of my partners mentioned forming an LLC. While our profit is low, we are potentially entering some big contracts in the future and need some credibility and protection. What is the most basic, simple form of corporation we can form? [more inside]
posted by ascetic
on May 15, 2012 -
In which county should I locate my New York state LLC? Does it matter? Details inside... (and let's get this out of the way: I know you are not my lawyer) [more inside]
posted by cvp
on Jan 17, 2012 -
I am soon starting a job for a small business that forms LLCs. What do I need to know? [more inside]
posted by griphus
on May 27, 2011 -
As a hobby, my friends and I create alcoholic-infused cupcakes inspired by cocktails and shots. Friends, family members and relative strangers have been egging us on to start selling them. We've been reluctant to do so, for all the obvious reasons, but now we're considering a very, very small-scale word-of-mouth/online ordering business.
What do we need to know in order to avoid getting sued, fined, or going bankrupt? [more inside]
posted by chara
on Feb 2, 2011 -
My LLC is going legit January 1st in Michigan. I'm a brand new business owner in an economically depressed state and I'm starting to turn a profit which means dealing with taxes and the IRS. I'm young, I don't know anything about business taxes, and I'm somewhat frustrated at how painful this is for a new business owner who just wants to pay his fair share. I have an accountant who I know is really good, but I need to know kind of the general picture of what is happening so I can stay on top of things. I don't want to throw it all on the accountant and I want to be proactive. [more inside]
posted by banished
on Dec 30, 2010 -
Lawyer people: I am a lawyer licensed in Illinois and have started to do some solo practice work. Do I need to form a LLC? Why? [more inside]
posted by anonymous
on Dec 13, 2010 -
What prevents companies from simply screwing everyone and paying off their owners debt free? [more inside]
posted by doomtop
on Mar 23, 2010 -
LLC d/b/a BBQ. Let's say I incorporate as "cavalierisawesome lol LLC". I then make a business card that says "Bob's Consulting". When I do business, the bills are settled to "cavalierisawesome lol llc". Can I market or advertise my services in a name separate from my incorporated name? [more inside]
posted by cavalier
on Jan 5, 2009 -
Can two LLCs work together on a joint venture without forming a third? [more inside]
posted by mehum
on Apr 7, 2008 -
I'm going to register my company as an LLC. My next question is where? Which US state is the best for this? [more inside]
posted by mateuslee
on Oct 9, 2007 -
My wife owns a home health care business with some other nurses and she says that because it's a LLC, our home, 401k, and other personal assets are safe from being used in a judgement. Is it that simple? My wife who's been an RN for many years, has never even had nurses liability insurance (and still doesn't) so I'm not sure if she understands what her personal risks are as a nurse.
posted by qsysopr
on Jun 16, 2007 -
Can someone recommend a small business lawyer in the NYC area? Also, in your opinion, which would be better for me an S Corporation or an LLC? [more inside]
posted by milarepa
on Apr 2, 2007 -
can someone form an LLC specifically and solely based on another individual's work/product -- without telling/consulting them? A *LOT*-- [more inside]
posted by msshe
on Jan 18, 2007 -
I'm trying to make my new web project legal in California. After reading through the Nolo press book(s), we thought that perhaps the LLC was the best corporate structure (we are going to issue stock and give the primary developer a portion in lieu of payment). While the Federal government taxes LLCs like sole proprietorships - you aren't taxed unless you make profit, and I don't see our profit outpacing our costs for a year - the State of California charges an LLC "tax" (really a fee) of $800, due almost immediately after your incorporation paperwork goes through, so... [more inside]
posted by luriete
on Sep 8, 2006 -
If one has a business that is registered as an LLC (with no partners-- just the one person) and if: the business location (office) is in one state, the owner lives in another state and most of the business (or clients) are in a third state in which state is state income tax due-- where the office is, the owner's residence or where the clients are?
posted by limitedpie
on Aug 24, 2004 -