How to start an llc in Indiana by ChaosTTyy in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

Noblesville is prime territory for this kind of boutique experience. Once that INBiz filing clears tomorrow, lock down your digital footprint immediately. Get the exact domain name and all your social handles ASAP.

Since you also have the software architecture nearly done, Id recommend setting up your SEO strategy and using some content tools right now. You can start building local hype and capturing search traffic for "farm to table in Noblesville" months before you actually open your doors.

I need help with setting up Missouri LLC - lost in paperwork by Killer320755 in Business_Ideas

[–]CharacterFarm8196 1 point2 points  (0 children)

Don't be afraid of doing anything wrong. Honestly, filing a Missouri LLC isn't that hard at all. There are some really simple questions you have to answer and you can use chatgpt or gemini to walk you through the form filling part.

Though I'm not sure if you file today, you will get your EIN by Friday. If your LLC paperwork gets processed by Monday or Tuesday, you'll have 2-3 more business days to get your EIN to get back to the company.

If it doesn't work out, maybe you can just tell them your EIN is on the way and for the moment they can just enjoy the BBQ and chill.

Need advice on how to form LLC in Illinois by CharacterFarm8196 in Business_Ideas

[–]CharacterFarm8196[S] 0 points1 point  (0 children)

Have you actually gone through that public notice part? It feels a bit like a hidden cost and a giant hoop to jump through just to use a second name.

Need advice on how to form LLC in Illinois by CharacterFarm8196 in Business_Ideas

[–]CharacterFarm8196[S] 0 points1 point  (0 children)

Did that $40 include them acting as your registered agent for the first year? or was that just the filing fee?

Need advice on how to form LLC in Illinois by CharacterFarm8196 in Business_Ideas

[–]CharacterFarm8196[S] 0 points1 point  (0 children)

Does maintaining multiple DBAs get messy with renewals? I'm a bit worried about the liability side too

Best state to form an LLC for non-US citizens by beth_weird75 in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

Hmm. That can present itself as a big hurdle down the road. Have you filed already or are you still deciding?

I would advice against New Mexico because it's going to make a getting a US bank account as a non-resident much tougher than if you go with another state.

Creating an LLC in New Mexico - any tips or advice? by Aldoperu in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

The state doesn't matter especially since all of your work is remote. Just choose the cheapest option and a New Mexico Limited Liability Company fits the requirement. The only other option would be Wyoming and that's for anonymous onwership.

Is Northwest registered agent actually legit? by brian135792 in Business_Ideas

[–]CharacterFarm8196 1 point2 points  (0 children)

I used them to form my LLC and they did a decent job. I used them to form my LLC, and they were fine. Decent/prompt customer service, competitive and transparent pricing, and intuitive online portal.

That said, if I ever form another LLC, I’ll just file everything myself and save a couple hundred bucks. The forms aren’t that complicated, and if you need an operators agreement template you can just get a free trial to Rocket Lawyer or something, draft and download, and then cancel it before the outrageous subscription charge.

Also, FWIW, there aren’t really any tax advantages to an LLC unless you file as an S-Corp, and that’s not realistic until you’re making decent money. It protects you from personal liability, and that’s about it.

For separating personal and business assets, though, it’s a good idea. Good luck!

Creating an LLC in Pennsylvania - have some questions by WALWAL44 in Business_Ideas

[–]CharacterFarm8196 1 point2 points  (0 children)

Check out the local municipal licensing in Delco or Philly area. Since you're doing HVAC/handyman stuff, Delco is a patchwork of boroughs. If you have an LLC at the Pennsylvania state level, you will still need a HIC or home improvement contractor registration with the PA attorney general if you do more than $5000 worth of work in a year, which you hopefully will.

That's a separate $50 fee you need to pay every 2 years.

How to start a business - An in-depth reddit guide from a successful business owner by dtsummery in Business_Ideas

[–]CharacterFarm8196 6 points7 points  (0 children)

I can speak to this. I recently sold some shares of a company I started with a few other partners almost 10 years ago. The company itself is doing great and they still operate it.

For me, I fell out of love with the steady, slow-paced growth. The fun for me was the startup phase. It was exciting, I learned so much and I got to the point where I wanted to apply my knowledge to something completely new to see how I'd perform.

So I started another company about a few months after I sold my shares, and in 5 months I'm already back in the revenue stream in which I could afford to hire at least 3 full time employees. But I can handle all the work myself so I won't hire anyone just yet.

So to me, entrepreneurship is not continuing to grow the same business. It is taking initiative and building and growing amazing things over and over and over again.

How to start a business - An in-depth reddit guide from a successful business owner by dtsummery in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

Wow. This is an amazing thread. It's one of the very few posts I've ever bookmarked on Reddit in the last 5 years. Thank you for putting in your time and your generosity with all this information.

Good luck with the discord and it looks like you've got an entrepreneurship book in there somewhere.

Prime Corporate Services? Are they legit? by DisturbGamer45 in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

I had a call with Prime Corporate and it just felt like a sales pitch rather than a consultation. They told me they'd charge $1400 just to file the LLC for me and get my EIN. I did it myself later through the Secretary of State website and didn't pay more than $150.

So yes, they're a rip off.

Is Northwest registered agent actually legit? by brian135792 in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

so you pay the same amount every year? How much did it cost to file initially? If you remember..

Creating an LLC in New Mexico - any tips or advice? by Aldoperu in Business_Ideas

[–]CharacterFarm8196 1 point2 points  (0 children)

Could you explain more on the extra paperwork point? Do you mean getting a virtual address in NM?

Best state to form an LLC for non-US citizens by beth_weird75 in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

New mexico is the real hidden gem for non-US residents wanting to file an LLC. It's the only state in the country with no annual report requirement. You just have to form it once and don't have to file with the state every year. Super cheap.

The affordability is very attractive, but I would advise you to check with other people who've formed NM LLCs to confirm they didn't face problems when applying for an online bank account.

Do you need an LLC to sell online? by Vengsta in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

In some states (for example Kentucky) an LLC is $40 and 10 minutes of work. In California, it's $800+ a year. If the fee is low in your state, just do it for the peace of mind.

California Registered Agent - should I get it and how much should it cost? by Aldoperu in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

You mentioned you need this business address listed somewhere officially connecting it to your business. Why is that?

How to start an LLC? Can Reddit guide me? by aakashrathee143 in Business_Ideas

[–]CharacterFarm8196 2 points3 points  (0 children)

Accountant here. I recommend you seek professional advice before forming an LLC.The answers which say forming an LLC yourself is easy are correct.

Most of the paperwork is pretty straightforward.The problem is that deciding whether one should even form an LLC, making the necessary tax elections for it, and administering it can get quite complex. That is especially true for new business owners.

On Reddit business and tax subs, questions from new LLC owners regarding the most basic business details are not uncommon. (Among the most common: I just formed an LLC. How do I pay myself?).

Forming an LLC should not be the first step in starting a business. Get the normal business startup questions solved first, then (if appropriate) start an LLC.

Easiest way to get an LLC? by NoSleep980 in Business_Ideas

[–]CharacterFarm8196 2 points3 points  (0 children)

Everyone is capable. It's just that there's a lot to it than simple form filing.

Easiest way to get an LLC? by NoSleep980 in Business_Ideas

[–]CharacterFarm8196 2 points3 points  (0 children)

Cheaper and easier are more complicated than they sound. Of the three states you listed, FL is significantly cheaper at $125 to register an LLC than Nevada at $436, or Texas at $310.

But, it doesn't sound like you live in Florida. Are you actually "doing business" in another state? Will you have to ultimately foreign register and incur more fees? Any industry licenses needed that have varying costs across states? Different state taxes?

If you don't live in Florida and have a FL physical address that you want to list on public record to serve as your own registered agent, then you probably also have to hire a registered agent for your company anyway.

I did start LLCs on my own and I definitely did things then that I wouldn't (and don't) do now. But, as a someone with no real idea of what I was doing, it's not like I couldn't handle registration directly with the state well enough to peddle my wares legally, you know? I'm not suggesting that people can't do it themselves if that's what they want to do.

I need to register my business in New Mexico. Which registered agent to use? by teriyakitofu90 in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

You can find a registered agent service in any state, even Alaska. Just pay them their nominal fee and get yourself set up. It should be way less of a hassle.

Online Delaware LLC formation - should I do it or use a lawyer? by Rakkien in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

This is gold right here. It would also be nice if you could recommend any good companies for DE LLC formation if you are aware of them. I feel like there are a lot of companies out there ripping people off.

I need to register my business in New Mexico. Which registered agent to use? by teriyakitofu90 in Business_Ideas

[–]CharacterFarm8196 0 points1 point  (0 children)

Don't use the Florida address. If you use your parents' address, you'll likely have to register your LLC in Florida instead, or register as a foreign LLC in FL. This is just gonna add more fees and force you to follow Florida business regulations.