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How to Finish the Form Llc 12nc Llc Statement Of No Change in 9 Steps on the Internet?

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Form Llc 12nc Llc Statement Of No Change : Revise, Finish and share

what up peeps I'm Aiden Kramer with the.law office of Aiden H Kramer in Colorado.and you're watching all up in your.business.cue theme song just kidding I don't have.a theme song as you hopefully know these.last few episodes have been me.attempting to answer questions that I.get from you guys this is going to be my.last video for a little while where I.try to answer your guys's questions so.if you email me or comment questions and.I don't get back to you right away.just stay tuned and hopefully I'll.answer your questions in upcoming videos.so today I'm going to answer a question.that came from Sean and another question.that came from somebody who just signed.their name tea so Sean and tea I am.answering your questions today Sean.asked a few questions he asked first how.long does it take to hear back after I.register with the Secretary of State.well Sean it's definitely going to.depend on your state if you're in.Colorado you pretty much always hear.back instantly the application the.articles of organization for the.Secretary of State in Colorado you file.those electronically and they get filed.pretty much automatically and you are.immediately registered I'm not familiar.with the turnaround time of other states.but in Colorado at least it's instant.after you file your articles of.organization or articles of.incorporation to start an LLC or a.corporation Sean also asked do I need a.DBA as well DBA means doing business as.the reason you might want a DBA is if.you are going to operate your business.under a name different from that that.you registered with your articles of.organization or incorporation so let's.say your LLC has one name but you want.to do business under a similar or.different name then you could register.that DBA by filing a statement of trade.name if you're going to be doing.business under the name that you filed.with your articles of organization or.incorporation then you don't need to.file a trade name then finally Sean.asked do I need to be registered with.the state before I apply for a federal.tax ID number or an EIN employer.identification number yes Sean if you're.going to be registering your business as.an LLC or a corporation or some other.legal entity that you have to register.with the state then you do.want to make sure you're registered with.the state before you submit that.application to the IRS for your federal.tax ID number the form SS for which is.the application for the employer.identification number or ein or federal.tax ID number they're all the same thing.that application for that wants your.entity name and that entity structure so.you need to already have that name and.you need to have that structure all.worked out and registered before you.file that application T specifically was.asking about Arizona T filed paperwork.with Arizona to start his or her LLC and.realized that he or she did it.incorrectly so T asked how long do I.have to wait after filing my articles of.organization before I can amend them if.your state is like Colorado where you.get confirmation pretty much instantly.after you file your articles of.organization if you then realize that.you did something incorrectly you can.generally file an article of amendment.or some sort of other paperwork to.change something in your articles of.organization almost instantly to fix.that otherwise if your state takes a.little bit longer or doesn't.automatically give you that confirmation.then you should wait until you receive.whatever paperwork or confirmation you.will get from your state before amending.your articles because who knows.something may come up in your articles.of organization may not get approved or.registered in which case you would need.to refile them anyway so filing in.articles of amendment prematurely may.make no difference at that point thank.you so much Shawn and T for those.wonderful questions if you or anybody.else has any more questions go ahead and.comment them if you're in Colorado and.you would like to speak with me.personally about starting or running.your startup or small business feel free.to contact me my phone number and email.are below otherwise thank you all so.much for watching and for your fantastic.questions I'm Aiden Kramer and I'll see.you next time.

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Form Llc 12nc Llc Statement Of No Change FAQs

Here are some frequently asked questions along with their answers to clear up the doubts that you might have.

Need help? Contact support

I need to pay an $800 annual LLC tax for my LLC that formed a month ago, so I am looking to apply for an extension. It's a solely owned LLC, so I need to fill out a Form 7004. How do I fill this form out?

A2A. FTB extensions are discussed on the FTB website at Page on ca.gov . According to that site, extensions apply to filing but do not apply to making payments.

What forms do I need to fill out as a first-year LLC owner? It's a partnership LLC.

You need more information than can be provided in a Quora answer. I recommend that you buy the appropriate book (or equivalent online resource) at nolo.com.

What tax form do I need to fill out to convert from single member LLC to multi-member LLC?

When you add a member to your previously single member LLC (which you can do structurally by amending your operating agreement and filing an amended report, if required, with your secretary of state), you cease to be a 'disregarded entity' under the applicable Treasury Regulations. Going forward, you will either be a (a) partnership, by default, and will have to file a partnership income tax return on Form 1065, or (b) a corporation, if you so elect, and will have to file a Form 1120 if you are a C corporation or Form 1120S if you elect to be taxed as an S corporation. There can be other tax issues as well, and these need to be addressed with a business CPA.

How do I correctly fill out a W9 tax form as a single member LLC?

If your SMLLC is a sole proprietorship/disregarded entity, then you put your name in the name box and not the name of the LLC. You check the box for individual/sole proprietor not LLC. If the SMLLC is an S or C corp then check the box for LLC and write in the appropriate classification. In that case you would put the name of the LLC in the name box.

Do I need to fill out Form W-9 (US non-resident alien with an LLC in the US)?

If your LLC has filed an election to be treated as a C corporation for federal tax purposes, then you can complete a Form W-9 for the LLC, because it is a U.S. tax resident. If you have not filed the election, and you own 100% of the LLC, the LLC is by default a disregarded entity for U.S. federal tax purposes, which means it is transparent. Instead of a Form W-9, you should complete a Form W-8BEN if you are a nonresident alien and you individually own the LLC.

How do I fill up EIN form as a non us citizen for single member LLC? That is confusing to me?

First, make sure you actually need an EIN. If so, download Form SS-4 and follow the instructions provided. Line 7b is asking for your SSN/EIN/ITIN. If you do not have one, enter “NRA” in the space provided. Should you need any further assistance check this section and give us a call for more information.

As one of the cofounders of a multi-member LLC taxed as a partnership, how do I pay myself for work I am doing as a contractor for the company? What forms do I need to fill out?

First, the LLC operates as tax partnership (“TP”) as the default tax status if no election has been made as noted in Treasury Regulation Section 301.7701-3(b)(i). For legal purposes, we have a LLC. For tax purposes we have a tax partnership. Since we are discussing a tax issue here, we will discuss the issue from the perspective of a TP. A partner cannot under any circumstances be an employee of the TP as Revenue Ruling 69-184 dictated such. And, the 2016 preamble to Temporary Treasury Regulation Section 301.7701-2T notes the Treasury still supports this revenue ruling. Though a partner can engage in a transaction with the TP in a non partner capacity (Section 707a(a)). A partner receiving a 707(a) payment from the partnership receives the payment as any stranger receives a payment from the TP for services rendered. This partner gets treated for this transaction as if he/she were not a member of the TP (Treasury Regulation Section 1.707-1(a). As an example, a partner owns and operates a law firm specializing in contract law. The TP requires advice on terms and creation for new contracts the TP uses in its business with clients. This partner provides a bid for this unique job and the TP accepts it. Here, the partner bills the TP as it would any other client, and the partner reports the income from the TP client job as he/she would for any other client. The TP records the job as an expense and pays the partner as it would any other vendor. Here, I am assuming the law contract job represents an expense versus a capital item. Of course, the partner may have a law corporation though the same principle applies. Further, a TP can make fixed payments to a partner for services or capital — called guaranteed payments as noted in subsection (c). A 707(c) guaranteed payment shows up in the membership agreement drawn up by the business attorney. This payment provides a service partner with a guaranteed payment regardless of the TP’s income for the year as noted in Treasury Regulation Section 1.707-1(c). As an example, the TP operates an exclusive restaurant. Several partners contribute capital for the venture. The TP’s key service partner is the chef for the restaurant. And, the whole restaurant concept centers on this chef’s experience and creativity. The TP’s operating agreement provides the chef receives a certain % profit interest but as a minimum receives yearly a fixed $X guaranteed payment regardless of TP’s income level. In the first year of operations the TP has low profits as expected. The chef receives the guaranteed $X payment as provided in the membership agreement. The TP allocates the guaranteed payment to the capital interest partners on their TP k-1s as business expense. And, the TP includes the full $X guaranteed payment as income on the chef’s K-1. Here, the membership agreement demonstrates the chef only shares in profits not losses. So, the TP only allocates the guaranteed expense to those partners responsible for making up losses (the capital partners) as noted in Treasury Regulation Section 707-1(c) Example 3. The chef gets no allocation for the guaranteed expense as he/she does not participate in losses. If we change the situation slightly, we may change the tax results. If the membership agreement says the chef shares in losses, we then allocate a portion of the guaranteed expense back to the chef following the above treasury regulation. As a final note, a TP return requires knowledge of primary tax law if the TP desires filing a completed an accurate partnership tax return. I have completed the above tax analysis based on primary partnership tax law. If the situation changes in any manner, the tax outcome may change considerably. www.rst.tax

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