California LLC - are they required to make any public filings which might contain financials?
817869
A company is only required to make public it's financial data if it is publicly traded.  If it is a privately held company, the financial data is confidential.
1169597
Generally, Company A would be required to send Company A (and the IRS) a Form 1099, if the total payment in the course of a fiscal year exceeded $1,000.  A written service contract could be helpful to record and enforce parties' obligations, but, as far as I know, is not required.  (Disclaimer: I am not a lawyer, nor do I play one on TV.)
1101133
Or as a corporation. Partnerships and sole proprietorships are the only business organizations that subject owners to personal liability. However, if you organize as a corporation or as a limited liability company, the company and the individual are treated as separate entities. It's cheaper and less confusing to do an LLC.\nNOTE: Be advised, however, that there is  a legal phenomenon called "piercing the veil" which means that is someone is using a company (LLC or corporation) to perpetuate a fraud, even though the personal assets of the owner typically would not be able to be taken because of the business form, a court can touch those assets if found guilty of using the business organization to do "bad stuff".
875796
OK - just so you know, I have a full C Corporation and three LLCs that I am currently running.\n\nYour first statements are correct - and yes, I would suggest getting an EIN for your LLC as that adds more credence to the fact that you are doing business as a company when you file your taxes (http://www.irs.gov/businesses/small/article/0,,id=102767,00.html)\n\nOK - the very next thing you should do (even before transferring the vehicle or worrying about legal issues) is to find a really good accountant for a LLC - this will be a LOT HARDER than it sounds.  As I have already noted, I found one that is both an accountant and a tax lawyer (even more rare)!  You want to find someone who really understands a small LLC and is willing to push to get all the tax benefits for you that are legal in today’s tax code.  Many accountants do not really understand the tax codes for LLC.  This one item can save you tens of thousands of dollars in very short order!\n\nMy advice here is to read the book Rich Dad Poor Dad (if you have not already) and use that as a basis to question accountants to see if they know how the tax codes work for small C corps.\n\nThe next thing to do is start setting up your advertising to be as much word of mouth as you can possible stand (good way to use that vehicle to mentioned to get around to network and meetings).  You want to plan as best as you can to ensure that you have as much cash flow as your company will need.  Depending on the type of business you are in, there could be any number of natural ups and downs that you will need to plan for.\n\nAs for the vehicle – again the accountant should be able to advise you best.  I have been told that the safest way to have the company own a vehicle is for the company to lease one.  This then become a full write off.  Yes, you will still need to keep track of mileage and/or other information as directed by your accountant.  The LLC can also put money in a 401K or other retirement plan for you and your employees.  \n\nYou should set things up so that medical expenses are paid by the LLC.  My wife retired with a good pension and medical benefits (although the company is cutting back on retiree benefits now), so in my case, my C Corp picks up all unpaid medical that is not covered by the insurance company.  Also under medical can be health club dues for medical reasons – thus one of my LLC’s has a fitness complex that is on it’s property that my C Corp then pays dues for the use of it.\n\nYou might also want to check you local area to find out if there are other small LLC owners.  If so, you might want to ask them to join you in developing a master mind group where you can all share ideas on everything from building your organization to benefits from sharing resources (like accounting, purchasing office supplies, payroll services, etc.).\n\nThus you are right – there are a lot of tricks to the trade of learning how to run a LLC to benefit you and the company and also pay your legal (albeit small) amount to Uncle Sam – play like a big boy using their tools in a small company.\n\nGood Luck.\n\n\nAlso, you probably already know the following, but just in case, here is what I typically recommend to those thinking about starting out in business:\n\nAnytime you want to start any kind of business, there are several basics that you will need:\n\n* You should first sit down and think about what it is you want to do and then write out the scenario in detail!  This may sound tedious, but it will help you clarify what it is you are thinking about.  Also, when you talk to anyone about the business (mentor, bank, clients, prospective investor), you will have a clear vision to share with him or her.  You can check any number of books at your local library or the Internet for ideas on creating a business plan or goals list.\n\n* Is there anyone out there doing something like what you want to do already?  Can you research what it is that they do and maybe even talk with th
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The actual process can vary from state to state. Depending on your situation, you may not even need to hire a lawyer. In most cases, you can find the information directly on the state’s website including sample documents and requirements necessary for filing. \n\nAlso, be sure to make sure the name you want is available.\n\nI used a company called CRS to do my name search and file my paperwork for a Delaware LLC. I think the total came out to be less than $400.
798713
Check with the Secretary of State. Usually, LLC's have to register their businesses.  Several states have this information online.
216222
One of the most comprehensive FAQs on LLC I know is by Nolo.com:\n\nhttp://www.nolo.com/article.cfm/objectID/ED01121A-B4BF-498A-8BC0DBD121A0C869/111/182/245/FAQ/\n\nOther resources are:\n\nHow to form an LLC in your state (with state by state links) http://www.mycorporation.com/llc/info/index.htm\nhttp://www.bizfilings.com/learning/llcfaq.asp
121983
Quicker Tax Preparation: As a sole proprietor, filing your taxes is generally easier than a corporation.Simply file an individual income tax return (IRS Form 1040) including your business losses and profits. Your individual and business income are considered the same and self-employed tax implications will apply.\n\n\nLower Start-up Costs: Limited capital is a reality for many startups and small businesses. The costs of setting up and operating a corporation involves higher set-up fees and special forms. It's also not uncommon for a lawyer to be involved in forming a corporation.\n\n\nEase of Money Handling: Handling money for the business is easier than other legal business structures. No payroll set-up is required to pay yourself. To make it even easier, set up a separate bank account to keep your business funds separate and avoid co-mingling personal and business activities.
189413
A cpa can do it, or jsut a good accountant, or you can do it yourself as most people do. You can find all the forms you need on the internet.
233093
You don't. The whole point of LLCs is registering with the state once and then doing business around the US. If you have retail presence, you must register to pay sales taxes.
690890
The office(garage), if you use a computer for the bills of the company-the cost of the computer plus any programs that you buy for the business use. Clothes, that you buy to wear while you travel (obviously you can't write off any designer clothes :) )\nGas, meals, lodging, any navigation system that you use when you travel with the trucks... the list can go on and on.  I am myself an accountant and I am familiar with this but you really have to contact a local accountant.  Have him/her help you with the set-up of your business and to explain to you in more detail what is a write-off.  Another suggestion-have you thought about incorporating?  An S-copr can give you a OT of benefits, of which the biggest one is separate legal entity (if your business goes down or someone is suing you they can not go after your personal assets, such as your house, personal car, etc.)  Talk to your accountant for that.
1090284
check this....http://www.tsha.utexas.edu/handbook/online/articles/CC/llc1.html
518330
Very complete source for every & @ll legal procedures; i liked what i briefly saw. (fyi) you may go directly to State Dept to start filing your Limited Liability Partnership,[at least here in my jurisdiction]co. even w/out notarizing, but if you want to make it that way, perfect; You may also consider an Incorporation since the benefits are extent on behalf of both partties-you as a service/professional provider or licitator and clients/co's that contracts you; If you incorporate and your customers dissagree and start any litigation for insatisfaction against you as resident agent[official incorporator] your private assets  / properties, house, land, personal vehicles won't be in risk, only the assets under corporation will be the ones to respond. Plus you will have higher financial rate when incorporated since corporation acquires its own juridical personality-versus you as an individual in a  Limited Society-partnership.
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It's really not as difficult as it seems just some effort that will seem like nothing compared to actually running your own business.\n\n1. You will need to register your business "DBA" at the County Clerk\n2. The city your business will be located in will need you to register for tax purposes this is the BUSINESS LICENSE\n(many small businesses have the city taxes waived for the first 3 years to help with development)\n3. Get a business Bank account.\n4. get your resale license (http://www.boe.ca.gov/)\n\nThere are some serious things you need to consider and doing some research will help you organize your business and have less headache. Make sure once you've done some research on what type of business you'll be starting (sole proprietor, partnership, LLC, corporation etc) you follow the correct order of steps to acquire your status as business. It will keep you from running around in circles and it will save you from potential penalties and or delays.\n\nWhen I started my first business I used went to Boarders and picked up a book by nolo press "how to open up a California business in 24 hrs" http://nolo.com/resource.cfm/catID/9FA25870-14F1-4657-9778F19FB41FB93D/111/228/\nThere are many books that are specific to steps required to open it in CA just do some research it will make this seem less daunting.\nGood Luck
721393
Sole Proprietorship  \n\nA business owned by one person, who is entitled to all of its profits and responsible for all of its debts, is considered a sole proprietorship. This legal form is the simplest, providing maximum control and minimum government interference. Currently used by more than 75 percent of all businesses, it is often the suggested way for a new business that does not carry great personal liability threats. The owner simply needs to secure the necessary licenses, tax identification numbers, and certifications in his or her name, and you are now in business!\n\nThe main advantages that differentiate the sole proprietorship from the other legal forms are (1) the ease with which it can be started, (2) the owner's freedom to make decisions, and (3) the distribution of profits (owner takes all).  \n\nStill, the sole proprietorship is not without disadvantages, the most serious of which is its unlimited liability. As a sole proprietor, you are responsible for all business debts. Should these exceed the assets of your business, your cred­itors can claim your personal assets--home, automobile, savings account, and investments. Sole proprietorships also tend to have more difficulty obtaining capital and holding on to key employees. This stems from the fact that sole proprietorships generally have fewer resources and offer less opportunity for job advancement. Thus, anyone who chooses the sole proprietorship should be prepared to be a generalist, performing a variety of functions, from accounting to advertising. \n\n\nFeatures of the LLC\n\n Limited Liability Status. The main attraction of an LLC is its limited liability status, a feature that it shares with corporations. The LLC limit your personal liability from business debts and damages incurred by the business. It basically lets you off the hook from legal liabilities such as court judgments and legal settlements obtained against the business.\n\n Tax Benefits. Like sole proprietorships, partnerships, and S corporations, the business profits and losses of an LLC are taxed at individuals' income tax rates. You will avoid a corporation's double taxation, where taxes are reported at a separate business level.\n\n Owners of the LLC. While owners of corporations are called stockholders, LLC owners are referred to as members. A member, who invests in the LLC and receive a percentage ownership interest in return, may be an individual or a separate legal entity such as a partnership or corporation. The percentage ownership is used to divide up the assets of the LLC when it is sold or liquidated, to split up profits and losses of the LLC or to divide up its voting rights. While an LLC can exist with one member, some states such as the District of Columbia and Massachusetts require LLCs to have two or more members.\n\n Flexible Management Structure. An LLC can be run either by its members or a management group elected by the members. While many small businesses are managed by their own members, an LLC can easily adopt a management-run structure in the following situations: the members decide to employ outside management help; not all of the members want to run the LLC; or an outside investor wants to be given a vote in management.\n\n Flexible Distribution of Profits and Losses. Similar to partnerships, dividing up profits among the LLC members is not restricted to the members' capital contributions. You may split up LLC profits and losses any way you wish, as long as it is provided for in the operating agreement.
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Actually , the IRS can help.\nGo to IRS website To ask questions & get appropriate forms.\nAlso, a tax preparation service (H&R Block etc) can help you w/ forms & filing.\nKeep a ledger of all income & expenditures \nSave all your business related expense receipts.( busness cards,\nrecording media,equipment, performance insurance ...everything)\nBusiness expenses are tax deductible.\nYou can file as an independent contractor in which case it is your responsibility to report & pay taxes on income.\nIf you must or choose to incorporate, the rules change.\nA financial advisor or tax preparer can get you on right track esp if it is your sole source of income.
660817
Public companies in the U.S. have to file an annual report on Form 10-K. They also file quarterly reports on Form 10-Q (Q is for Quarterly).\n\nThe forms are available to the public on the SEC website under Edgar filings.