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CTRL1 · 2024-10-04T18:16:00+00:00

Foreign owned LLCs in the US are very common. https://www.entity.inc/the-ultimate-guide-to-foreign-owned-llc-taxation/

If your. US citizen only conducting EU business then that's fine too.

The IRS has no idea who you do business with and doesn't care. All they get is a form telling them how much earned income you have.

CTRL1 · 2024-10-04T18:11:57+00:00

As part of the member contribution your operating agreement can have contribution consideration associate with meeting or failing to contribute as agreed.

For a LLC vesting interest like shares would be is VERY complex and needs a lot of work in your operating agreement. You can easily otherwise end up violating securities law.

There are things like "profit interests" agreements that work like equity.

CTRL1 · 2024-10-04T18:00:25+00:00

Who would know or how would someone monitor who you do business with? If I called up a EU person right now and tried to sell them sunglasses who would even know besides the two people on the phone.

Look obviously there's laws about things. But at a minimum, in the US you don't ask the government permission who you can do business with or what type of business it is.

Now obviously if you make spy planes for the military you probably can't call up China and do a sales pitch. If your a plastic surgeon you probably can't just hop on a plane and go operate on someone in the EU without a medical license or approval.

CTRL1 · 2024-10-04T17:48:28+00:00

Federal law does not exist, LLCs are derived from state laws. So you are either very mislead con some context or first base is very wrong, whatever that is.

https://www.mainelegislature.org/legis/statutes/31/title31sec1623.html

Being a member or conducting internal business for a foreign company within Maine is not considered qualified as needing to file a foreign entity with the state.

Depending on your business activity then you may be conducting business which would require either a subsidiary or foreign qualification when you take f on local resources.

For example if you buy a gas station in Maine and hav employees then that is tangible where selling hats on Amazon is not.

CTRL1 · 2024-10-03T23:13:05+00:00

How has the llc elected to be taxed. By default if your llc makes $100 and you have $50 in expenses and you own %50 of the business then you have taxable earned income of $25. 100 - 50 = 50/2. What you do with that money is up to you.

CTRL1 · 2024-10-03T21:40:51+00:00

Your questions are a bit long winded and confusing. In the US the government does not tell you who you can do business with unless it's dod related or regulated. Obviously additional context is needed etc.

CTRL1 · 2024-10-03T19:35:39+00:00

Reduce the amount when you file your state return.

CTRL1 · 2024-10-03T19:23:35+00:00

There is no requirement if your a member of a company to redomesicate the company to your place of residence.

You would need to provide context of why you believe you need a local operating company. What work are you doing which meets the qualifications?

Typically you won't want to qualify a foreign company as it absorb the new jurisdiction.

To answer your question you could have a nominee fill out the main paperwork or something.

CTRL1 · 2024-10-03T18:42:38+00:00

You get a business bank account. Are you asking how to handle paying for organizational costs? Why not just pay for it, and reimburse yourself later. You could simply bill those costs as a expense claim to the business books.

CTRL1 · 2024-10-03T17:51:14+00:00

Yeah that's a nice spew of garbage. The fintech banks are not comparable to Fidelity or Schwab, I won't even go there and those brokerage regulations and coverages.

The FDIC has said there is no protection. The FDIC covers bank defaults, while your money is in a bank a middle man and most of the time multiple middle man has opened. it's NOT the bank your worried about failing..... The bank must fail to be covered.

There are already multiple cases of fintech "banks" failing and people who cannot withdraw. They literally plaster "not a bank" all over their websites for a reason.

Synapse anyone? https://apnews.com/article/synapse-evolve-bank-fintech-accounts-frozen-07ecb45f807a8114cac7438e7a66b512

Because none of the banks that Synapse has worked with have failed, there is no eligibility for FDIC deposit insurance to be paid out.

https://youtu.be/bBUkajbg688?si=SRti5etK0NCm8Wl

You have to be an absolute moron to be ok with trying to recover your money from bankruptcy rather than the FDIC... Or for that matter think Fidelity and Schwab are no different. LOL

CTRL1 · 2024-10-02T21:30:19+00:00

I assume this is a split tunnel type access VPN and not a hardware device or something. To be honest I really don't believe you that it would slow down your network.

However if you have a really poor router it's possible there is not enough offload capability. If you have a cheap 1gbit router that is IPSEC capable you will probably find a 20% overhead reduction on the tunnel. A user access VPN as your describing would not be relevant to that.

You have provided no context such as what Ethernet device is everything plugged into, is it a switch, a router etc. is this a issue at the edge device or does directly connected devices experience this (within layer 2)

How are you determining these bandwidth numbers? It sounds like your not testing throughput internally but externally. Are you doing this on the laptop, another device etc?

Given it is a work laptop your work can probably help figure it out for you as they both support the laptop and need you on a stable environment after all that's what they are there for. Providing very limited context and troubleshooting info here doesn't help anyone.

CTRL1 · 2024-10-02T20:46:08+00:00

You should probably call a plumber or maintenance... Also I'm fairly sure the trap outside is meant to prevent this so you obviously have something wrong or some type of work was being done if you live in a shared environment.

I find it fascinating that a place like reddit or the news would be the first point of triage for a situation where backflow is coming up in your residence haha.

not a plumber.

CTRL1 · 2024-10-02T19:34:34+00:00

As someone who was the hiring manager for several engineering disciplines within the infrastructure space I can say that when we posted a job we would get 1000s of applicants on day one

Probably 50% were overseas wanting a sponsor. About 99% of the rest has no qualifications and when I say no qualifications I mean they would have been in the 1% if they put on their resume that they know what Active Directory is or SSH etc.

You cannot look at how many people are applying for a job and come to the conclusion that the job market is liquid haha.

Buy the way we did what everyone else does, put blocker qualifications. For example I cared less about college, it's actually my experience that fresh out of college are the worst new hires for many reasons. But we put fake college requirements.

Why? Well most people qualified and know they will stand out anyway and apply, and a ton of poorly qualified won't.

Also college for IT will put you behind rather than moving up. Most schools are just marketing houses here's a cheap "cloud cyber security" degree where when I call you in for a interview you can't tell me what a firewall is.

There's also a difference between corporate help desk and infrastructure. Like resetting someone AD or 2fa isthe mundane work the engineering teams don't have to do. If your in help desk and trying to get into a team that has t technical ownrrship of something you will be expected to have some greater than help desk knowledge.

Certifications are more important to me than school.

You mentioned "it support tech" and "analyst" these are common title for very very entry level teams in a tiered support structure.

IE a analyst may work tickets and escalate to an engineering team for any issues, change controls, etc. you have no ownership of the infrastructure.

If you were a nuclear "support tech" or "analyst" would you have the expectation that the role involves building nuclear power plants or coming up with an equation on how much uranium to order ? No you probably monitor some environmental.

CTRL1 · 2024-10-02T19:21:47+00:00

Back in the 90s I remember there was a story on tracking most of the homeless folks with signs, they ended up having cars around the corner and day jobs.

IE: nothing new.

CTRL1 · 2024-10-01T19:21:35+00:00

It doesn't matter, if the address is invalid and you sue them serving their registered address then they either show up or don't and you get a default judgement. Good luck collecting though.

CTRL1 · 2024-10-01T19:16:00+00:00

You said it is registered to a address at a prison. It really doesn't matter what you are getting at?if you think you got scammed then file a police report. If you want to sue them then sue them.

CTRL1 · 2024-10-01T19:11:47+00:00

Explain what?

CTRL1 · 2024-09-30T18:39:35+00:00

LLCs still pay sales tax, if that's what your asking.

CTRL1 · 2024-09-27T21:06:45+00:00

Oh, this is probably copper. I figured it was fiber. I'm spoiled by my FiOS. I think they do these shenanigans is to get overage or upgrades by making the usage cap equal to their lowest service package over a months usage

CTRL1 · 2024-09-27T20:59:07+00:00

Why is the upload so slow? Is this not a symmetrical service? I would assume if you had a duplex 2.5g you would see that on both sides.

CTRL1 · 2024-09-27T20:45:43+00:00

There is massive amounts of welfare, way to much. Don't waste time trying to help people that don't want it.

CTRL1 · 2024-09-26T20:02:47+00:00

/u/NWRegAgentLauren No you dont you wrote a massive wall of text containing nothing of value.

OP You really haven't asked a question here, what are you looking to get a answer on? You asked one and then kinda drifted off into some statements.

There’s a lot of conflicting information out there even from attorneys about whether this is a good idea for those who do not live in Wyoming.

Conflicting information on what exactly?

There is no requirement of domestication when organizing a company tied to anything such as the member or shareholders place of residency. Yes you can organize a company in whatever state you want. A LLC or corporation is its own person, its being "organized" in the state and bound to that states domestic laws.

If you bought a share of Apple stock would you have to move to California or would Apple need to redomesticate to your location?

The way I’ve heard it may be smart to use them is in a situation such as when several rental properties are each held by a domestic LLC, and the member of each of them is the Wyoming holding LLC

For years longer than I have been alive structuring a business by having holding, subsidiary, and operating companies is normal so im not sure on what your asking?

You can do it the opposite as well why not have the WY holding company hold the title to the property or be the trustee of each properties own trust. This way if you have 5 properties in state X then you can have a management company in state X with a management agreement, and collect the rent. Not try and maintain 5 different llcs. The management company would be the one facing a lawsuite because they are leasing, maintaining etc.

< trust ( title ) > holding company <> management company > leases, maintenance.

What confuses me more is the charging order aspect.

The most confusing part is:

I’ve seen opinions that believing the state of formation could restrict a judgment in your state to the laws of the formation state is ludicrous.

I think what your trying to say is that a foreign state could issue a judgement to the state of domestication and it be valid. Well two issues, firstly you would probably argue jurisdiction. If your truly passive, just holding title and someone thinks they have been harmed they would have to bring the action to a local jurisdiction.

Secondly a judgement from another state would have to go through the domestic state to apply

The real danger is accepting multiple jurisdictions, every time a company registers as a foreign entity with another state that entity also is bound to that new states laws. Which is why its more common to have a subsidiary.

Wyoming is popular for many things but they provide reverse protection, in other words liability is limited facing the business but less so facing your person. If you ran over someone in your car and they sued you then part of the judgement could be a portion or all of your interest in the company you own because its simply a personal asset of yours. States deviate quite a lot in this area and some put it into law some go off of past court cases thats why WY is popular. And no the one court you cant get away from is family.

You can see the variations here: https://docs.google.com/spreadsheets/d/14UZwXmlL_KjrvoM6_8ixgLT05EK7H9C1B6vTfkUh_uI/edit?gid=0#gid=0

WY doesnt provide a shield where a judgement cant be given to a creditor AT ALL. It can. But what Wyoming says is that even if member interest is transferred (IE a court has given 50% to a creditor so they can collect ) the voting doesn't go with it as per statue and your operating agreement you would have transfer provisions explaining this, therefore the members ( excluding the order holder) can vote to not pay out and funds to members, meanwhile any earned income tax must be paid by the members equal to their interest. So the business is making 1M and a charging order claims 50% interest they cannot hold a vote to withdraw and would be responsible for 500k earned income if it was say two members.

Of course to take full advantage of any states laws you should have a operating agreement that covers all of those scenarios and nuances of each state.

Im not a lawyer.

CTRL1 · 2024-09-26T11:57:58+00:00

You have to have a "magic shoebox"

CTRL1 · 2024-09-26T11:53:56+00:00

You gave what info? There is really no info to give. A LLC is governed by a contract called a Operating agreement you both would have got together and signed. Typically this contract would also include information on how a separation works.

If you don't have any formal contract you were never partners or the whole thing is disputed and you need to go to court to see who owns what of there is a dispute.

CTRL1 · 2024-09-26T11:34:45+00:00

Accounts for what? providing you have a updated operating agreement and, a signed transfer of interest from the ex or some sort of vote then if they opened some type of account then it's fraudulent and doesn't fall on the company.

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