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Showing posts with label Jennifer Reuting. Show all posts
Showing posts with label Jennifer Reuting. Show all posts
Google's Don Dodge Interview with Jennifer Reuting
Google's Don Dodge Speaks with Jennifer Reuting Author of Limited Liability Companies for Dummies and Founder of MyLLC.com and DocRun.
Tax Havens For Internet Companies
If your website or business does not operate out of a corporation or LLC, you’ve probably given some thought at one time or another as to whether there is any benefit to you or your business to have one. Online businesses are different from traditional businesses in many ways that make them especially good candidates for operating out of a formal business entity.
One of the great benefits of incorporating is that you create legal separation between you and your business. In other words, your business is its own legal entity. It has its own bank account, pays its own taxes and, most importantly, has the option of “living” in whichever state (or country) you decide. Why then, do so many business owners limit themselves by forming corporations in their home state? Unless you are one of the lucky few that happen to live in a tax haven such as Nevada or Wyoming, take into consideration whether or not your state is the best tax climate for your company.
However, while businesses can “live” in whichever state they desire (technically called “domiciled”), they still have to register and pay taxes in each state where they transact business. And while each state has a different idea of what that term means, for the most part, if you have employees or office space in a particular state, you are transacting business there.
Qualifying Online Businesses and Tax Havens
If you operate a pure online business chances are your company only exists in a virtual world. If you don't keep office space and instead of employees you have independent contractors — such as programmers and server administrators, who are often in developing countries — you are a perfect candidate for saving on taxes via a tax haven.
Tax havens are generally states that are very pro-business and tax-free — no corporate taxes, franchise taxes or personal income taxes. There are two major tax havens in the United States — Nevada and Wyoming. The only significant difference between the two is that Wyoming seems to offer lower fees and doesn’t carry the tax haven stigma that Nevada has developed over the years.
If you have a truly virtual online business, all you have to do is form a Nevada or Wyoming corporation. Keep in mind that it can’t be an LLC unless you elect corporate taxation with the IRS. Otherwise, all of your income will pass through to your individual tax return in the state in which you live. This means that you will have to pay state taxes on the income at an individual level as if it were income to yourself.
When forming your corporation, it’s recommended to use a professional service. If you choose to go it alone, you may have to spend many more hours than you realize to understand the filing procedures and the nuances of that particular state — all from hundreds of miles away. A better bet is to use a national company with associates who specialize in each state and not only know the required filings, but also maintain strong relationships with state employees — an important factor to getting things filed in a timely manner.
Keep in mind that as soon as you issue yourself payroll, your corporation or LLC will need to register to transact business in your state — which means it will have to pay taxes from all income derived in that state. Therefore, you should try to take money out of your company in the form of loans and dividends.
Read the entire article on
Tax Havens For Online Businesses - Website Magazine - Website Magazine
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| Website Magazine |
However, while businesses can “live” in whichever state they desire (technically called “domiciled”), they still have to register and pay taxes in each state where they transact business. And while each state has a different idea of what that term means, for the most part, if you have employees or office space in a particular state, you are transacting business there.
Qualifying Online Businesses and Tax Havens
If you operate a pure online business chances are your company only exists in a virtual world. If you don't keep office space and instead of employees you have independent contractors — such as programmers and server administrators, who are often in developing countries — you are a perfect candidate for saving on taxes via a tax haven.
Tax havens are generally states that are very pro-business and tax-free — no corporate taxes, franchise taxes or personal income taxes. There are two major tax havens in the United States — Nevada and Wyoming. The only significant difference between the two is that Wyoming seems to offer lower fees and doesn’t carry the tax haven stigma that Nevada has developed over the years.
If you have a truly virtual online business, all you have to do is form a Nevada or Wyoming corporation. Keep in mind that it can’t be an LLC unless you elect corporate taxation with the IRS. Otherwise, all of your income will pass through to your individual tax return in the state in which you live. This means that you will have to pay state taxes on the income at an individual level as if it were income to yourself.
When forming your corporation, it’s recommended to use a professional service. If you choose to go it alone, you may have to spend many more hours than you realize to understand the filing procedures and the nuances of that particular state — all from hundreds of miles away. A better bet is to use a national company with associates who specialize in each state and not only know the required filings, but also maintain strong relationships with state employees — an important factor to getting things filed in a timely manner.
Keep in mind that as soon as you issue yourself payroll, your corporation or LLC will need to register to transact business in your state — which means it will have to pay taxes from all income derived in that state. Therefore, you should try to take money out of your company in the form of loans and dividends.
Read the entire article on
Tax Havens For Online Businesses - Website Magazine - Website Magazine
Examining Different Business Structures With Jennifer Reuting
Register for our July 12th webinar and discover:
• Which entity is right for you - LLC, Corporation or S-Corporation?
• How to operate your company effectively, while still maintaining compliance
• Which tools and resources are essential for structuring your business
Thousands of companies have entrusted and counted on Jennifer Reuting to address their corporate needs. She has founded multiple industry-leading companies to help lower the cost of entry for independent contractors and small businesses. A regular speaker and guest professor at USC Marshall School of Business, Reuting’s newest venture, DocRun.com, was born out of the need to provide small businesses and independent contractors with an easy, affordable way to create operating agreements and other contracts and agreements governing business operations.
MyLLC.com Joins Forces with Startup America Partnership
MyLLC.com, the nation’s leading document filing and business entity formation company specializing in LLC and Corporation formations in all 50 states, is proud to announce their alliance with the Startup America Partnership.
MyLLC.com, which has long been renowned for its education-based platform, intends to assist the Startup America Partnership through offering free advice, and discounts on business filings and business structuring to emerging and existing entrepreneurs from coast to coast.
Along with some of the world’s largest corporations such as Microsoft, HP, Cisco and Google, and non-profits including the National Center for Women & Information Technology and The National Venture Capital Association, MyLLC.com will serve as a valuable supplemental resource for entrepreneurs from the earliest stage of business development. “Since our inception, it has been our primary mission to educate entrepreneurs about the critical need for proper structuring and filing of their businesses, in order to ensure that their startups, their visions, and their labors of love are strategically and thoroughly protected,” says Greg Monterrosa, Vice President of MyLLC.com.
The Startup America Partnership, launched on January 31, 2011 with initial launch funds from the Case Foundation and the Ewing Marion Kauffman Foundation, was conceived as a means to encourage and support the innovation of American entrepreneurs. The Partnership will work hand in hand with the White House to contribute funds, develop new programs, and assist entrepreneurs as part of President Obama’s strategy to stimulate economic growth by creating quality jobs.
“MyLLC.com is thrilled to be a part of the Startup America Partnership,” says Monterrosa. “As a rule, MyLLC.com never misses an opportunity to promote high-growth entrepreneurship across the country. We know that every business in the world started with one person’s vision -- just one idea. It is our obligation as an educational company to ensure that the visionaries behind these ideas are well-informed about the proper formation and structuring of their companies so that they remain sustainable and continue to create jobs well into the future,” he adds.
In addition to its new alliance with the Startup America Partnership, MyLLC.com’s founder Jennifer Reuting is the author of the best-selling book Limited Liability Companies for Dummies™, now in its second edition. MyLLC.com also has partnerships with the National Foundation for Teaching Entrepreneurship (NFTE) and works in conjunction with the University of Southern California’s E-Club to help educate emerging entrepreneurs.
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About MyLLC.com: MyLLC.com®, the authors of Limited Liability Companies for Dummies™ offers customers: complete entity formation, entity dissolutions/withdrawals, foreign qualifications, corporate compliance, free name checks, trademark searches and registrations,, registered agent services, and corporate supplies such as corporate kits, stock certificates and embossing seals. These services are available in all 50 States as well as the District of Columbia. For more information visit http://www.myllc.com/ or call 888.886.9552.
The Startup America Partnership is a movement - by entrepreneurs, for entrepreneurs - to help inspire and celebrate entrepreneurs, their firms and the people that join them. Launched January 31st at the White House in response to President Obama’s call to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation, the Partnership is bringing together an alliance of major corporations, funders, service providers, mentors and advisors working to dramatically increase the prevalence and success of high-growth enterprises in the U.S. AOL co-founder Steve Case chairs the partnership and the Kauffman and Case Foundations are founding partners, providing initial funding and strategic guidance. For more information on the Partnership, visit http://www.startupamericapartnership.org/ and follow at www.twitter.com/startupamerica and www.facebook.com/startupamerica.
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| MyLLC.com |
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| Start Up America Partnership |
MyLLC.com, which has long been renowned for its education-based platform, intends to assist the Startup America Partnership through offering free advice, and discounts on business filings and business structuring to emerging and existing entrepreneurs from coast to coast.
Along with some of the world’s largest corporations such as Microsoft, HP, Cisco and Google, and non-profits including the National Center for Women & Information Technology and The National Venture Capital Association, MyLLC.com will serve as a valuable supplemental resource for entrepreneurs from the earliest stage of business development. “Since our inception, it has been our primary mission to educate entrepreneurs about the critical need for proper structuring and filing of their businesses, in order to ensure that their startups, their visions, and their labors of love are strategically and thoroughly protected,” says Greg Monterrosa, Vice President of MyLLC.com.
The Startup America Partnership, launched on January 31, 2011 with initial launch funds from the Case Foundation and the Ewing Marion Kauffman Foundation, was conceived as a means to encourage and support the innovation of American entrepreneurs. The Partnership will work hand in hand with the White House to contribute funds, develop new programs, and assist entrepreneurs as part of President Obama’s strategy to stimulate economic growth by creating quality jobs.
“MyLLC.com is thrilled to be a part of the Startup America Partnership,” says Monterrosa. “As a rule, MyLLC.com never misses an opportunity to promote high-growth entrepreneurship across the country. We know that every business in the world started with one person’s vision -- just one idea. It is our obligation as an educational company to ensure that the visionaries behind these ideas are well-informed about the proper formation and structuring of their companies so that they remain sustainable and continue to create jobs well into the future,” he adds.
In addition to its new alliance with the Startup America Partnership, MyLLC.com’s founder Jennifer Reuting is the author of the best-selling book Limited Liability Companies for Dummies™, now in its second edition. MyLLC.com also has partnerships with the National Foundation for Teaching Entrepreneurship (NFTE) and works in conjunction with the University of Southern California’s E-Club to help educate emerging entrepreneurs.
###
About MyLLC.com: MyLLC.com®, the authors of Limited Liability Companies for Dummies™ offers customers: complete entity formation, entity dissolutions/withdrawals, foreign qualifications, corporate compliance, free name checks, trademark searches and registrations,, registered agent services, and corporate supplies such as corporate kits, stock certificates and embossing seals. These services are available in all 50 States as well as the District of Columbia. For more information visit http://www.myllc.com/ or call 888.886.9552.
The Startup America Partnership is a movement - by entrepreneurs, for entrepreneurs - to help inspire and celebrate entrepreneurs, their firms and the people that join them. Launched January 31st at the White House in response to President Obama’s call to celebrate, inspire, and accelerate high-growth entrepreneurship throughout the nation, the Partnership is bringing together an alliance of major corporations, funders, service providers, mentors and advisors working to dramatically increase the prevalence and success of high-growth enterprises in the U.S. AOL co-founder Steve Case chairs the partnership and the Kauffman and Case Foundations are founding partners, providing initial funding and strategic guidance. For more information on the Partnership, visit http://www.startupamericapartnership.org/ and follow at www.twitter.com/startupamerica and www.facebook.com/startupamerica.
Learn How to Protect Your Creative Assets at SXSW, March 11-20, 2011
"In it's 25th year, SXSW brings many exciting changes, from the united SXSW Trade Show: The Exhibition for the Creative Industries, to new exhibitions such as Style X and SXSW edu, and expanded programming across each conference. The festival is experiencing healthy growth and 2011 promises to be one of our most ambitious years to date,” says Morgan Catalina, trade show spokesperson.
On hand at MyLLC.com’s booth will be bestselling author of Limited Liability Companies For Dummies, and nationally recognized business filing and corporate structuring expert, Jennifer Reuting. She will be joined by fellow bestseller Matthew Lesko, author of Free Money for Entrepreneurs and How To Write and Get a Grant. In addition to being able to speak with these experts, visitors to MyLLC.com’s booth will be invited to form LLCs and Corporations in all fifty states, right at the company’s booth.
The decision to exhibit at this year’s SXSW® festival just made sense, according to Vice President of MyLLC.com Greg Monterrosa. “MyLLC.com has a long history of helping artists, musicians and filmmakers to protect their endeavors through the proper structuring of their LLCs and Corporations. As an industry leader in business formations, we know all too well that artists and musicians can often find themselves short-changed if they don’t properly protect their work. That’s why this year, in addition to educating independent filmmakers on the need for proper structuring of their films at IndieCon, and appearing at the ShowBizExpo, we selected South By Southwest as a prime opportunity to educate today’s artistic, entrepreneurial community.”
Reuting echoes Monterrosa’s sentiments: “MyLLC.com is a company comprised of music and film fanatics and tech gurus, which is why we’re so thrilled to be an exhibitor at South By Southwest this year. Since we've chosen to specialize in this field, we're now in a unique position to help the companies that are shaping our future. Now that's something worth going to work for! We couldn’t be more thrilled to be able to participate in this year’s South By Southwest Festival. It is our objective to help the incredibly talented visionaries attending the festival to protect their work in the coming years.”
MyLLC’s booth will be located in the Austin Convention Center. The trade show is now open four days for all SXSW registrants. The company will be updating live from the festival via Twitter at Twitter.com/MyLLC .
Be sure to "Like" & "Retweet" this feature BloomBerg TV did on MyLLC http://www.bloomberg.com/video/65005298/
MyLLC at IndieCon
A few months ago we had the pleasure of being a part of IndieCon Here is a video of Limited Liability Companies for Dummies author Jennifer Reuting.
Protect Your Film With An LLC
MyLLC.com - Before You Call “Action!” -- Take Action And Protect Your Film With An LLC
Have a great script or idea you need to put into action? Ever wonder what steps you need to take to start a film production? The authors of Limited Liability Companies for Dummies , MyLLC.com wrote an article that walks you through the process. Making sure your film project is properly structured is very important. Especially when it comes time to raising capital or hiring a production crew.
This article walks you through the importance of a Limited Liability Company ( LLC) when it comes time to pitch your ideas to investors. Its allot easier for investors to invest in an entity like a Limited Liability Company rather that a sole proprietorship. You will also learn the tax benefits with operating this way. Lets not forget the liability protection. Most filmmakers have several project under them that need to protected each other from each other.
There are also several options when it comes time to select what state you are going to file your Limited Liability Company ( LLC) out of. When you film in certain states you may also need to foreign qualify in that state. Once you are done in that state you may need to withdraw from that state. This article makes it really easy and simple to understand the business end of the entertainment industry.
If any questions come up you can always speak to an expert at MyLLC at 888 886 9552. There is also a live chat option on the homepage.
For the complete article visit www.myllc.com/film-production-llc.aspx
Have a great script or idea you need to put into action? Ever wonder what steps you need to take to start a film production? The authors of Limited Liability Companies for Dummies , MyLLC.com wrote an article that walks you through the process. Making sure your film project is properly structured is very important. Especially when it comes time to raising capital or hiring a production crew.
This article walks you through the importance of a Limited Liability Company ( LLC) when it comes time to pitch your ideas to investors. Its allot easier for investors to invest in an entity like a Limited Liability Company rather that a sole proprietorship. You will also learn the tax benefits with operating this way. Lets not forget the liability protection. Most filmmakers have several project under them that need to protected each other from each other.
There are also several options when it comes time to select what state you are going to file your Limited Liability Company ( LLC) out of. When you film in certain states you may also need to foreign qualify in that state. Once you are done in that state you may need to withdraw from that state. This article makes it really easy and simple to understand the business end of the entertainment industry.
If any questions come up you can always speak to an expert at MyLLC at 888 886 9552. There is also a live chat option on the homepage.
For the complete article visit www.myllc.com/film-production-llc.aspx
MyLLC at the Perfect Business Summit 2010
Here is Jennifer Reuting and Greg Monterrosa being interviewed in front the of MyLLC.com booth at the Perfect Business Summit 2010.
The BusinessMakers Radio Show-Jennifer Reuting of MyLLC.com -
Best Selling Author and Founder of MyLLC.com Jennifer Reuting is interviewed on the BusinessMakers Radio Show
Jennifer Reuting of MyLLC.com - The BusinessMakers Radio Show
Thanks
Jennifer Reuting of MyLLC.com - The BusinessMakers Radio Show
Thanks
Jennifer Reuting to speak at Nation’s Largest Entrepreneur Conference, PerfectBusiness Summit 2010
Nationally recognized corporate structuring expert, founder of MyLLC.com , and author of the bestselling “Limited Liability Companies for Dummies™” Jennifer Reuting will be among the speakers at the two-day event.
In addition to Reuting, other PerfectBusiness Summit 2010 speakers will include: John Paul DeJoria, founder of John Paul Mitchell and Patron; Gavin Maloof, Owner of Palms Casino and NBA's Sacramento Kings; Tony Hsieh, CEO of Zappo’s; Isaac Tigrett, Founder of Hard Rock Cafe and House of Blues; Brad Hunstable, President & Founder, UStream.TV; Josh Stein, Managing Director, Draper Fisher Jurvetson, a $6B VC fund; Gina Bianchini, Co-Founder, Ning and others.
Reuting’s presentation will take place on Thursday, October 7th at 12:30 pm. For tickets, and more information visit www.PerfectBusiness.com/MYLLC
Best-Selling Author, Founder of MyLLC.com® Jennifer Reuting to speak at Nation’s Largest Entrepreneur Conference, PerfectBusiness Summit 2010
In addition to Reuting, other PerfectBusiness Summit 2010 speakers will include: John Paul DeJoria, founder of John Paul Mitchell and Patron; Gavin Maloof, Owner of Palms Casino and NBA's Sacramento Kings; Tony Hsieh, CEO of Zappo’s; Isaac Tigrett, Founder of Hard Rock Cafe and House of Blues; Brad Hunstable, President & Founder, UStream.TV; Josh Stein, Managing Director, Draper Fisher Jurvetson, a $6B VC fund; Gina Bianchini, Co-Founder, Ning and others.
Reuting’s presentation will take place on Thursday, October 7th at 12:30 pm. For tickets, and more information visit www.PerfectBusiness.com/MYLLC
Best-Selling Author, Founder of MyLLC.com® Jennifer Reuting to speak at Nation’s Largest Entrepreneur Conference, PerfectBusiness Summit 2010
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