Anyone With Experience Opening A Llc Or A Corp In Us?

[sleslie23]

Setting up an LLC should be easy, but since you mentioned a company that wants to hire you, I assume that you are setting it up to work as an independent contractor. Here is a good site that mentions some of the issues, etc.:

http://www.nolo.com/...ctor-29978.html

As Eric said, you'll want to set up shop in a state with no income tax (NOT California!!!). Also, you'll probably have to pay federal taxes, which, as an independent contractor, you'll have pay quarterly, not annually.

The tax side of things is probably a little more complex that setting up the LLC, but worth it to avoid being paid in pesos.

 

[kellrobinson]

Tex mentioned the possibility of working as a consultant without setting up a corporation. This is also called working as an "independent contractor". It means you are not an employee of the entity paying you; your business income is reported on a form 1099; and you have to file a Schedule C when you do your taxes. At least, that is how it works for a U.S. citizen.
Dave mentioned a couple of online lawyer services. I would like to add that when I formed my LLC, I used RocketLawyer.com

 

[citygirl]

1099 = independent contractor which really is the most similar to a monotributista. Keep in mind that if you set yourself up as a 1099 , you are required by law to pay both the employer/employee portion of your payroll taxes. Which adds up to a bit over 15%. Def keep in mind.

Sleuth explained the process of setting up the corp perfectly - it's not hard but you do need to be on top of your corp tax obligations.

 

[wineguy999]

BizFilings - have used them several times, to great satisfaction. The comments about setting up in a no-tax state are dead on. In Texas, you are only subject to a franchise tax, and only if the income is greater than, I believe, $300k.

 

[Risu]

Suggest you go to NOLO Press website: www.nolo.com for the information you seek. They have been providing self-help books on legal matters since the early 1970's. Have purchased many of their books and never been disappointed. Have a very old copy of Form Your Own Limited Liability Company, which you may borrow to have a look, though their wedsite will be convincing on it's own. PM if you want to have a look at this book.