I am in the process of starting up an LLC for a web-based business. I need to know what state I should form it in. I am a US citizen currently living in NY, and I hope to be able to operate the LLC in either Delaware or Nevada. But my LLC will only have 1 member which will be me. Now I read that a single member LLC is ignored. Here is the statement, "Generally, when an, LLC has only one member, the fact that it is an LLC is ignored or “disregarded” for the purpose of filing a federal tax return. Treasury Regulations Section 301.7701-1,-2,-3" "If you prefer to file as a corporation instead of as a “disregarded entity” Form 8832 must be submitted." http://www.irs.gov/pub/irs-pdf/p3402.pdf
Is this true, and if so would it be best for me to start an S corporation instead.
Also i'm not to clear about Registered agent. Could someone help me shed some light on this, also could someone recommend a good Registered agent. Thanks!
2007-06-05
08:45:16
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3 answers
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asked by
Glovez
2
in
United States