Cost of LLC business license?

jtomasik
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jtomasik
Edited Date/Time 5/11/2012 9:58am
I imagine it varies per state, but a rough number would do, if ya know it. I'd like the cost of both a sole proprietorship and a partnership.
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jmar
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jmar 4/19/2008 7:16am
4/19/2008 7:16am
jtomasik wrote:
I imagine it varies per state, but a rough number would do, if ya know it. I'd like the cost of both a sole proprietorship and...
I imagine it varies per state, but a rough number would do, if ya know it. I'd like the cost of both a sole proprietorship and a partnership.
I have two LLCs and the legal fees were right at $750.00.
jtomasik
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jtomasik 4/19/2008 7:46am
4/19/2008 7:46am
jmar wrote:
I have two LLCs and the legal fees were right at $750.00.
$750 each or for both?
jmar
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jmar 4/19/2008 8:09am
4/19/2008 8:09am
jmar wrote:
I have two LLCs and the legal fees were right at $750.00.
jtomasik wrote:
$750 each or for both?
Both.

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jmar
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jmar 4/19/2008 8:11am
4/19/2008 8:11am
They were done at the same time to save cost. One is active and one is for future business.
maicoman
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maicoman 4/19/2008 10:21am
4/19/2008 10:21am
We just did one also and it cost around $500. The attorney even told me that if I needed another LLC, just copy the basic form of this one, change the name(s) as needed and be sure to record all the documents with the proper agency.

jtomasik
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jtomasik 4/19/2008 10:20pm
4/19/2008 10:20pm
Anyone ever do a partnership with a foreign company, under an LLC?
KAWboy14
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KAWboy14 4/20/2008 8:36am
4/20/2008 8:36am
i have an LLC and it cost about $400 to do....then we filled out the form to get IRS aproval to be taxed as a corp
jtomasik
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jtomasik 4/20/2008 8:46am
4/20/2008 8:46am
I'll be the only employee here to start out, as well as partner. The other half of the partnership is in Taiwan. I've heard that Social Security really eats into the money.
Jarid332
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Jarid332 4/20/2008 9:33am
4/20/2008 9:33am
What kind of Business is it?
jtomasik
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jtomasik 4/20/2008 10:21am
4/20/2008 10:21am
Mostly selling engineered part manufacturing such as injection molding, castings, stampings, PCBA's, etc. The team I've worked with there has proven itself in several projects. I've done the front-end engineering, and they've brought it through design for tooling to manufacture. I'd still offer the front end engineering and project management (where necessary). Then, I'd team with the Taiwan group through complete manufacturing.
KAWboy14
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KAWboy14 4/20/2008 12:20pm
4/20/2008 12:20pm
jtomasik wrote:
I'll be the only employee here to start out, as well as partner. The other half of the partnership is in Taiwan. I've heard that Social...
I'll be the only employee here to start out, as well as partner. The other half of the partnership is in Taiwan. I've heard that Social Security really eats into the money.
"Social Security really eats into the money"

huh?
jtomasik
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jtomasik 4/20/2008 12:23pm
4/20/2008 12:23pm
I've read that of the payments a private business owner has to make, the payments to social security is one of the biggest.
KAWboy14
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KAWboy14 4/20/2008 12:32pm
4/20/2008 12:32pm Edited Date/Time 4/16/2016 6:40pm
it may be one of the biggest % because the employer pays half and the employee pays the other half BUT it is only based upon your payroll......not like its some giant payment that has to be sent in each year. you have no employees so you wont pay in any s.s.

bottom line is....if you make tons of money, taxes of any kind are no problem.
jtomasik
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jtomasik 4/20/2008 12:37pm
4/20/2008 12:37pm
I'm going to be employed by another employer while I start up this business. I know I'll have to talk to a tax attorney...but I'm poking around here to see what others know (in addition to the reading I've started to do).

Even if you're the sole employee, don't you then have to make your own social security payments?
Jarid332
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Jarid332 4/20/2008 2:16pm
4/20/2008 2:16pm
jtomasik wrote:
Mostly selling engineered part manufacturing such as injection molding, castings, stampings, PCBA's, etc. The team I've worked with there has proven itself in several projects. I've...
Mostly selling engineered part manufacturing such as injection molding, castings, stampings, PCBA's, etc. The team I've worked with there has proven itself in several projects. I've done the front-end engineering, and they've brought it through design for tooling to manufacture. I'd still offer the front end engineering and project management (where necessary). Then, I'd team with the Taiwan group through complete manufacturing.
Cool! Good luck!

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