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View Full Version : Forming a LLC


sponk
01-20-2003, 07:19 PM
I want to start a business, basically a completely online bases business and I will only offer services (no tangible goods) like domain name registration, web hosting and web design. I want to form a LLC with a partner, who is based in London, UK. I myself am located in Wisconsin, US and thats also where I want to form it.
Now I called up several local lawyers and asked them for a quote of how much it would cost to just register the business (and thats really all I want). First one I contacted was from vonBriesen (www.vonBriesen.com) and he quoted me at $135 state filing charges and $300-500 for the documents. An attorney from Cook & Frank (www.cf-law.com) quoted me at $2000. Another attorney quoted me in the thousand range and one even at $5,000.
Now I dont really know whats going on, how come theres such a huge gap between the first quote and the rest? I just want to register the company, I know I can file it myself but it asks for a registered agent and I'm not sure if I can put my own contact in there. What do you guyz think and how did u register your company [it's implied that you have one]? Did you register it through a lawyer or some online site?
Thanks and appreciate your replies :)

innova
01-20-2003, 07:49 PM
You should ask just what these "documents" entail.

It sounds pretty much like MN as far as setting up an LLC go. Here, it is really as easy as:

1) Finding a name you want and making sure no one else has it.
2) Filling out the LLC organization form
3) Sending in $135 plus whatever the name reservation costs.
4) Assumed name

I would recommend sitting down with the tax man first before you make a move. Knowing your responsibilities, deadlines, obligations, etc will make this much easier and a high-priced lawyer much less important.

You dont NEED a lawyer to setup your LLC. You need to be educated however.

I am not sure if you can have an LLC based in WI with international members. Might want to check into that.

okihost
01-20-2003, 08:24 PM
I had this same question a while back and another big question was how do taxes work out? We are both getting payments off the same merchant account so do I have to pay taxes on everything that is made total then the other partner has to pay taxes in his country also or do I just claim 1/2 of the total year revenue and he does the same

flitcher
01-20-2003, 08:28 PM
I agree with innova, just file it yourself. Its not that hard and you will be saving yourself a lot of money.

Found this on google, and it will only cost you $130 - https://www.wdfi.org/corporations/quickstart/llc/intropage.asp

sponk
01-20-2003, 08:45 PM
thanks for the replies guyz.

1) Finding a name you want and making sure no one else has it
I want to register "Promotion 24 LLC" and noone else has it nor does anyone have anything similar to that. (I checked here http://www.wdfi.org/corporations/crispix/default.asp?radSearchBy=0&txtSearchText=Promotion+24)

2) Filling out the LLC organization form[/]
Do you perhaps know what form that is?

[i]3) Sending in $135 plus whatever the name reservation costs.
Ok, that I would do when having the form ready.

4) Assumed name
With assumed name u mean fictional name or DBA, right? Well, I don't really need/want to change it, Promotion 24, LLC, its fine that way for me.

So you think I should rather get down with an accountant than an attorney?

Still one question thats unanswered, when filing this on my own, it asks for registered agent, can I put my own personal contact in there?

okihost
01-20-2003, 09:05 PM
Did you see this at the bottom?

Note: If the physical address of any organizer/contact person is outside of the United States, the filing cannot be accomplished using QuickStart LLC.

aht
01-20-2003, 09:18 PM
Does anyone know if you are in North Carolina if you can partner with someone in the UK and get an S-Corp based in North Carolina?

sponk
01-20-2003, 09:38 PM
yes OKIHost, i noticed that and thats why I will have to go and actually fill out a form (on paper heh) with a pen.

re: aht
As I called an attorney, I asked him about S-Corp and he said the members have to be US-Citizens or US-Residents, not quite sure.