Startup llc reddit A good way to start is the leverage your personal credit to get 0% interest business credit cards. TLDR: Forming in LLC is much easier than it's made out to be. Some may tell you an LLC and S-Corp are the same, but that isn't true. Look through the SBA (small business association) website, find out what your state gov This is a friendly reminder that r/smallbusiness is a question and answer subreddit. Do you guys start an LLC right away, or do you wait for your business to pick up a little first? Starting a California LLC might sound like a big deal, but don’t worry—I've got you covered with a simple guide that’s easy to follow (and hopefully stress-free). The process is mostly straightforward… I have a question regarding putting my own money into my single owner LLC as the start-up funding. I read NV or WY has good rules for single member LLC, not sure thats true. 53 votes, 70 comments. Once you start the LLC, you need to file taxes for the LLC even if you have no income or expenses. To hope to get funding for a startup, the business needs to be in an industry that isn't excessively risky, the owners need to have proven experience managing and operating a business in the same industry, the owners need to have a significant downpayment and collateral, etc. They have sought my advice and expertise for the obvious reasons. General legal advice that answers any questions you have about business. I was hoping to get some input on the various services available to form a US LLC. I'm in NJ and I'm the only "employee". I am still relatively new to solo development; Like many folks on this subreddit I am sure, I have a full-time job in FinTech and I have been ramping up and taking my solo game dev time more seriously on nights and weekends with a goal to shift my career more in that direction in the long term. I make around a dozen trades a day usually, make a living from trading and should qualify for Trader Tax Status (I haven’t done my 2020 taxes yet). My questions is, we are getting an LLC through our state (Ohio). The more specialized you can get the better the margins and the better the chances of success. Welcome to /r/startups, the place to discuss startup problems and solutions. My accountants / CPAs and LLC owners, I created an llc with wife, equal equity to purchase rental properties, found some but havent pulled the trigger yet. versus just a regular sole proprietorship? And if so, do I have to My partner and I are in the process of starting a small business, but are still in the "start-up" phase. Compare that against legal zoom (and don’t forget the addons you might buy) and the attorney is often the same price or even less, for superior service. Our business center provides over 200 free videos as well as a step-by-step guide on launching your business. You don’t need a lawyer for that. Getting ready to start on a new venture. I do have an LLC, however I do not know where to begin to get funding from a lender. I also used the Gale Small Business Builder, which I accessed for free using my library This sub is not for advertisements! Questions and answers about starting, owning, and growing a small business only. ELI5: What is an LLC? And why do people make a big deal about LLCs? : r/explainlikeimfive Go to explainlikeimfive r/explainlikeimfive r/explainlikeimfive Creating an LLC is usually a straight-forward process. While getting started you can probably start with an LLC and from my personal experience, you only need to do more after you have a product-market fit. I recently wrote a Twitter post about "How to start an LLC" and wanted to post it here. Even tho I do work hard with side hustle (not drug money, I flip cars) but not in the eyes of Uncle Sam. We have substantial expenses that we'd like to eventually claim, but have no income and the business isn't operating yet. Posts that violate the rules listed in the sidebar will be removed. Start as an LLC because it is the easiest way to get your business filing done. This only applies if the startup equity is stock in a C corporation. New comments cannot be posted and votes cannot be cast. Edit: Upon further review, I was wrong Startup on H1B Can I form an LLC and make my citizen friend its CEO and then work for that LLC on a concurrent H1B Visa (along with my current full time job)? We would like to show you a description here but the site won’t allow us. I’m told that’s so my taxes will be easier when I do a schedule-c form (or something similar-named). We did form a domestic multi-member LCC (taxed as a partnership) in California this past summer, and have business bank accounts/credit-cards and have been tracking Welcome to /r/startups, the place to discuss startup problems and solutions. Any help would be great. There are also incorporation services, like ours, that may help you save time and money by offering startup packages which include essential legal documents that may also be required in some states. Go to you secretary of state's website, print and mail out a simple What business are you starting? Unless it’s going to be printing cash right away or is essentially a loan out company, it frequently makes sense to start as a standard LLC then take the S-Corp election once you hit profitability. How did you get the funding to buy your first property? SBA 7a or apply for mortgage under the LLC? Any advice would be appreciated! A limited liability company is the US-specific form of a private limited company. Most banks don’t do startup loans and I’ve been looking everywhere. Please do not come here to self-promote your consulting, book, podcast, MLM, website, dropshipping guide, or $$$ scheme. Seeing this message does not mean your post was Starting an LLC does not create any opportunities for 'write offs' that don't exist without it. Please do not come I moved from FTE to start my consulting company about 19 years ago. MembersOnline • SirPuzzleheaded2346 ADMIN MOD If you are working with others and need to keep things transparent and more fair then you may be in a position where you have to start a company, depending upon what was said between your group however if you are just working at something by yourself, why start an LLC? But! It seems like if I’m a California resident for example, living, working, and operating in California, a Delaware LLC doesn’t really matter, because I would have to also register a California LLC (more expensive, less protections, generally a pain in the rear) since I’m doing business in that state. Please do not come The main cost to set up an LLC is the state filing fees which varies between $50-$500. I saw that it’s best to go on the states website to register. I was reading up and there has been startup registered as llc and turned into corporation after years. You should register an LLC when and if you, with the help of a professional, determine that it would be beneficial to register an LLC. However, I would recommend talking with an accountant. I'm the only member so single member LLC doesnt give much protection. I do not need a huge amount. You'll learn about the pros and cons of LLCs and how to set up an LLC. Your state may also have annual administrative fees for operating a business that you will need to pay. Check with your company compliance team for specifics on both states. What you do need a lawyer for is your operating agreement, as it’s the most important part of the LLC. A foreign limited liability company is defined as an LLC that is formed under the laws of another state, but want to do business in California. Please do not come A limited liability company is the US-specific form of a private limited company. Oct 13, 2025 · So, you’re wondering about the best place to start an LLC and you’ve hit up Reddit for insights? You’re not alone! Many entrepreneurs dive into Reddit communities looking for honest, no-fluff advice. You likely need a non-resident license for WI if you plan to sell there (even temporarily). Is that right? A community of individuals who seek to solve problems, network professionally, collaborate on projects, and make the world a better place. You can be an active investor legally under H1B laws. Any advice in creating an LLC here in Texas? Is it really that necessary to have a filing agent service? Why is LLC fee irrelevant? There are lots of good reasons to have an LLC for purposes that don’t generate a ton of money (like hobbies, small charities, kids sports clubs). Share Add a Comment Sort by: Best Open comment Google operating under an LLC is very different than an individual operating an LLC for a rental property they used to live in. A rising tide lifts all ships in its wake. I am a bot, and this action was performed automatically. I was reading up on what I should register my startup as. . 24 votes, 42 comments. Hey r/Entrepreneur, I recently started an LLC for my new company and wanted to share the process and what I learned. S-corps pay payroll taxes (the same as Self Employment tax) on the reasonable salary you pay yourself. Hey everyone! I've been posting business ideas on reddit for years. I was wondering if I should do it with my personal email on, let's say namecheap? (note that I am planning to have custom emails with that bought domain in future as well, like no-reply Whether you're ready to form an LLC on your own—or want advice every step of the way—we've got your back. However, on the side I do ~10 hours of consulting services for a different company in Arkansas as a 1099 contractor. This is a friendly reminder that r/smallbusiness is a question and answer subreddit. Please contact the moderators of this subreddit if you have Banks and credit unions will require you to submit a business plan and 3 year forecast with your application. Have the details worked out, co-founders lines up, etc. It's a b2c social market if… Has anyone used Northwest to start an LLC/maintain? Hi all Looking around for forming an LLC and will be working in multiple states so I thought about using a service to try and keep it all organized. 2/ Benefits Here are some benefits to opening an LLC: Best website to start an LLC? This is a great question, and really depends on what you mean by "best". My dad used to run a GC company Why is the farm such a large focus for you? If I was the farm I wouldn't pay you salary to start - how much business can you bring in? Do you have numbers? Client list? I'd suggest maybe an agreement with the "farm" as a venue and you two catering through the partnership. Thanks. This guide breaks down where to begin, covering the essential steps, common questions, and what folks are really talking about when they discuss setting up a Limited Liability Company. Hi, this has probably been asked a million times on here, but I’m trying to get a loan for my startup small business. Most states permit “single-member” LLCs, those having only one owner. Get business accounts with places like Grainger and buy things on credit through them because they will automatically give you a business account without having to have any credit. I have read and consulted that you can start a business as a partner and have board of directors oversee you. Was wondering if it was best to incorporate your LLC in the state you do business in or Delaware? We would like to show you a description here but the site won’t allow us. I think there are two extremes for what people mean by "best," that being "cheapest" and "properly formed for any legal, tax or other contingency", and I also think that "best" could mean a "reasonable compromise" between those two extremes? We would like to show you a description here but the site won’t allow us. Please do not come We would like to show you a description here but the site won’t allow us. Firstbase is an excellent choice for LLC company formation services, offering personalized solutions and competitive advantages that cater to the specific needs of startups. I have a This is a friendly reminder that r/smallbusiness is a question and answer subreddit. L. They've got a quality service and you Focus on licensing. 1/ What is an LLC? A Limited Liability Company (LLC) is a business structure allowed by state statute. My final goal would be to be a general contracting company with a few employees and a lot building projects under the hood. Be sure to read and follow all of our rules--we have specific places for common content and requests. I heard NorthWest Registered Agent and Swyft were pretty good, but very mixed opinions for one like ZenBusiness. If register an LLC under the same name here as an expansion of a new entity. However, what's the difference between doing that and just writing those costs as regular business expenses? For example if my start up costs included software subscriptions, legal/professional services, and office supplies. Reddit's space to learn the tools and skills necessary to build a successful startup. I’ve never been a business owner, and incorporating a business looks scary and confusing. Just like if the technology your company is built on is buggy, inadequate or incomplete, legal documentation can have The purpose of an LLC is to provide liability protection akin to that of a corporation while still operating as a sole proprietor or s-corp. Our community supports side hustles, small businesses, venture-backed startups, lemonade stands, 1-person-grinds, and most forms of revenue generation! However, no one cares about your blog. All of my consulting services for the AR company are performed remotely from CA. Then, hire a tax accountant and tax attorney to help you perform your S-Corp election. We would like to show you a description here but the site won’t allow us. Get an LLC and a business account and start making deposits. If after a couple of years of no income, the state will typically close the business administratively. As the opportunities grow and you get momentum your business can evolve. I want to start an LLC, however I am wondering if I can file online by myself, or since this is my first go-around… Looking at starting an LLC and want to know if there is anything I should be aware of? I feel like it’s so easy or I am missing something? It would be a small business, no employees other than myself. Hello everyone, I’ve been part-time trading for a few years and have taken it full-time recently. Essentially you can invest in a new business but cannot be an "employee" in your own business. I currently have a full-time job as a W2 employee in California. The process in NYS wasn’t difficult, and worth saving the money to DIY. Startups are usually structured as a C Corp. Forming an LLC in Florida comes with a lot of benefits such as no state income tax and asset protection. The fact is that individual small business owners are way less likely to follow the requirements to maintain separation of personal and business. I haven't figured out the logistics yet but will this be a good idea ? What all proofs do we need to be eligible for opening an LLC ? Any suggestions. The do-it-yourself way maybe the cheapest way to form and LLC. A single-member LLC can choose to be taxed as a sole proprietorship or a corporation. For the last LLC I created, I used Harvard Business Services: $179 all in, including their $50 flat fee for their Registered Agent services. Would love to help others now that I have figured things out (somewhat). We have written a guide on forming an LLC to help you decide if an LLC is the right choice for your startup. Use these for all company finances. trueI just started my LLC in May! Used a lawyer to file the state paperwork, so it was pretty easy. A community meant to support each other and grow through the exchange of knowledge and ideas. You can probably do cheaper at Welcome to /r/startups, the place to discuss startup problems and solutions. I’m wondering if there are any benefits to me starting an LLC. It helps to have one big contract to keep the money flowing while you find your way through setup. Basically the title. Can’t hurt to price shop. Seeing this message does not mean your post was r/smallbusiness: This sub is not for advertisements! Questions and answers about starting, owning, and growing a small business only. A permanent or temporary ban may also be issued if you do not remove the offending post. So thought why not go with C corp, I mean technically, its still single member but corp and llc behave differently thats why I'm thinking it as an alternative. Oct 16, 2025 · Yes, you can absolutely get a solid head start on forming your LLC by tapping into the collective wisdom on Reddit. CO license probably fine for servicing existing policies. Learn more. Any good advice or reviews on these? I’m putting a poll together to see what the r/entrepreneur community thinks. Never commingle in personal accounts. Is anyone here in the Startup LLC? I believe it's only at Hullabaloo, but I was wondering if perhaps anyone has done it from another place. Be professional, humble, and open to new ideas. I'll likely turn this into a series, so let's call this part 1. Would love to answer any questions as I am doing it right now and struggled a lot before getting started. You should consider your future plans for your Anyone know about starting an LLC in NJ? I'm looking to start a business, but don't know much about the ins and outs of making an LLC. The election of tax treatment is largely different from your choice of business entity. Start low skilled and low risk if you don’t have any capital or experience. Just was wondering what the best formation service would be. You don't say anything your post about why you want to set up an LLC, so it's very hard to say. I want to give back to the community and help y'all find business ideas on your own. Apparently that’s not the case…LLC’s start the day you order and end a year later, then you renew, renew before it ends, and you pay $800 in taxes, for CA, 4 months after you order. You're better off spending your money on an accountant to make sure you're creating the right entity for your needs and a consultation with a small business lawyer who can advise you on getting your business off the ground including what you can do yourself and My tip for people is always to seek out a cheaper local small business attorney. Had my regular accountant file papers of incorporation with the state, had my LLC info in less than two days. Has anyone use a new LLC (3 month young) to successfully applied for business credit cards? We would like to show you a description here but the site won’t allow us. Basically the BOD will have the power to fire you. So what she stated was that LLC’s run from January 1st and end every December 31st. If you google flat fee LLC in your state, I’ll bet you can find an attorney who offers a flat fee presented upfront for formation. Hey I know I'm a bit late here but what you can do is google "start an llc in NYC" and you should find the secretary of state's website. Do I need to submit an LLC and other paperwork when starting a tech startup? You can but should not receive stock under the LLC because that will disqualify the stock from being “qualified small business stock,” which I expect would qualify you to sell the stock later tax-free (up to as much as $10M, potentially). But there is one critical component of every startup’s foundation that often gets overlooked: your company’s legal documents. if you plan to get credit, take loans out, lease expensive equipment/office space or something like that I’d suggest an LLC only because it protects your personal assets should your business fail. It’s super easy to fill out the paperwork to form an LLC from the Secretary of State. So if I order on January 15th, I have to pay $800 by April 15th. A limited liability company is the US-specific form of a private limited company. How do I get started? I have a lot of experience in property maintenance within several homes and farms my family owns. Why can't I just write all those off under business expenses? Why would I put Our community supports side hustles, small businesses, venture-backed startups, lemonade stands, 1-person-grinds, and most forms of revenue generation! However, no one cares about your blog. When you're in the startup phase, cost can be a major challenge. I wish to start an LLC & I’m in Texas. Creation of membership interest units (digital certificates that show how many units of your LLC you own) - this is a relatively small thing, but having the units (like shares of a corporation) is a good idea. To build business credit, you start by registering an EIN, then get a DUNS number, then start building tradelines. My friend needs one more roommate for a nice place off campus, but since I want to one day run my own business I think I will have to pass so that I can do the Startup LLC. Any recommendations? Mainly use for collecting house rental, and looking for good customer support & low fees ! What are the recurring annual fees involved ? I read that it’s required to pay $99 annual filing fees to maintain business in compliance ? Thanks ! We would like to show you a description here but the site won’t allow us. I’ve been at looking Zenbusiness, LegalZoom, doola. Regardless of the state you're going to register in, I'd recommend you use the services of a expert or form your llc with a service like Starting a business on OPT I am starting an LLC business on OPT I have filed my documents to the state. I’m trying to cut cost by doing it myself instead of going to a lawyer. I hope someone has started something here. Usually it comes down to (1) how many members/owners in the business and (2) will you be getting outside investment. If you are just a single member LLC with a small/lifestyle business that is unlikely to grow or attract investment its probably fine to use an online service. Hello, I’m just starting out on Amazon FBA and the first few things I’m doing before listing an item is incorporating my business. Do I just directly put the money from my personal account to my LLC business account? Recently got things going with my company, but I know I'll soon have to have everything proper. My friend owns a Web Design and development agency in India. This subreddit is a place to discuss this type of organization. C. This is kind of a racket, as most small business will have little to no profit or production and wouldn’t owe taxes for the first few I 27m, am interested in starting my own sweaty startup in construction. I keep business funds in a separate business checking and pay myself through it. MA doesn’t charge excise tax on LLCs, so instead they charge a $500 yearly “filing fee” to update your info and maintain your business license. Sep 18, 2025 · In this guide, we'll walk you through how to start an LLC in just seven simple steps. This is not legal advice, but from a startup experience and perspective, Corporations are usually considered investor-friendly - and most of the silicon valley VCs prefer Delaware C-corp. I was just wondering if anyone has any advice on how to get a startup small business loan. To add, I have to proof of income. Seeing this message does not mean your post was A community of individuals who seek to solve problems, network professionally, collaborate on projects, and make the world a better place. So far, the cheapest way to form an LLC I've found is with this $39 formation package. Here’s a step by step guide to forming an LLC in Florida: Step 1: Choose a Name for your LLC The name must be distinguishable from all other business entities registered in Florida and must include "Limited Liability Company," "LLC," or "L. These usually run about 5k, depending on your lawyer (they also usually include the filing). Can i deduct the startup LLC costs such as Laptop, phone, Etc? What is the max deduction for that? and is there an AGI limit for that? I would like to open up an LLC for the purpose of renting out equipment and eventually renting out real estate property. I wanted to open a smoke shop in my small town in NC. It's something I love doing and will continue to do. Starts at $0 + state filing fees. I plan on starting a single-member LLC and start out with purchasing one property, but I am unfortunately paycheck-to-paycheck currently so I wouldn’t have a down payment for my first property investment. Firstbase stands out for its personalized solutions and competitive pricing, while Rocket Lawyer provides comprehensive legal services. The real cost savings is when your income far surpasses the However Reddit isn't going to be great to explore this since you need to give up a lot of personal financial details to optimize here. Startups are companies that are designed to grow and scale rapidly. The first will make you a sole proprietorship LLC (which is what I chose earlier this year). This will keep your business spending separate from personal and utilization will not affect your personal credit even though it’s personally guaranteed. If you go with a registered agent service for legal notice handling, it might cost you $35-$120/year. 27 votes, 27 comments. " You can check the availability of your name 38 votes, 62 comments. Get a business bank account and CC. Is there any reason I should create an LLC for tax savings etc. Many have all kinds of investors as members, and are manager managed (somewhat analogous to a corporation) rather than member managed (somewhat analogous to a partnership). Our W2 combined tax filling AGI for 2022 is 152k. How to Find Business Ideas That Don't Suck Everyone says ideas don't matter and execution is everything - and I agree Here's my current understanding of how starting an LLC on F1 works: You can start an LLC, but you can't work for it; You can hire an employee to run the startup but you yourself can't work on it unless you have OPT My question is, how involved can I be once the LLC is incorporated? I don't care about making money, I just want to launch something cool, am I allowed to help out and not make any A llc is for liability protection, it doesn't change your tax liability. There’s a big difference between a one-time $50 filing fee, and a $150-200 registration with a yearly $75-100 fee. You ask a question about starting, owning, and growing a small business and the community answers. Several former co-workers are starting a company in a tech field I am an expert in. But I’m looking for pros/cons/advice etc. Seeing this message does not mean your post was I’m trying to start an LLC and I’m not sure where to start . Expect ongoing annual reports ($10-$100) and potentially registered agent fees. However, if your not going to do anything like that and A community of individuals who seek to solve problems, network professionally, collaborate on projects, and make the world a better place. The primary distinction between the two is that S-Corps, and their owners, are not subject to self 40 votes, 23 comments. So this has me wondering: Should I create an LLC or other business for my development? Are the tax Start small. com, etc. Generally, there is zero tax benefit to an LLC, so don't do it for taxes. Please note I am not a lawyer and want to help others based on my experience. What is the best LLC formation service? (Ideally with tax and compliance solutions baked in): Lots of things go into the foundation of a startup: your technology, your go-to-market strategy, your culture, and your team, to name just a few. There’re so many online services : Northwest, IncFile etc. I am not a lawyer, and this is not legal advice. However, any loan made to a startup will be a personal lian based on your own creditworthiness. They are very smart technical people, but they are not familiar with the business processes and have no real world experience. You can probably do it yourself through your state's corporation commission. If you are making more then 50k a year self employed, then a S Corp election with a llc may be a tax saving method. You do however likely want to spend most of your time exploring this with your accountant and other similar paid consultant services. Quick checklist: Get LLC or corp setup asap. My major is in computer science and i would be working on getting more clients for the agency. I do not have the capital to start it outright so will need a loan. Aug 27, 2025 · We have helped over 250,000 users start their business. Been seeing a lot of folks exploring the self-employment and startup founder route on OPT. A community of individuals who seek to solve problems, network professionally, collaborate on projects, and make the world a better place. Please contact the moderators of this subreddit if you have any questions or concerns. When considering online services to form your LLC, Firstbase and Rocket Lawyer both offer solid options. I know that I will pay monthly for market data and such since I’ll be a The site How to Start an LLC has links to every state's Secretary of State site so you can do it yourself. Seeing this message does not mean your post was The purpose of an LLC is liability protection, not privacy. Filing fees and necessary forms vary by state. LLC offers great benefits. Am I doing this right? I’m just planning to start with a small budget too just to see how it I keep reading about claiming start-up costs on your business tax's (up to 5,000 deduction). I set it up out of Texas, but the knowledge should be similar across the board for any other states. I invest regularly. The LLC is now the preferred vehicle for businesses across the country, because of the flexibility in choosing how its managed and how its taxed, as opposed to the corporation, which tends to have more defined rules. $50k max. I was wondering if this is a good idea. If you are a foreign LLC you must fill out Form LLC - 5. Just want to check if A community of individuals who seek to solve problems, network professionally, collaborate on projects, and make the world a better place. They have formed an LLC with themselves as owners. I am in PA. The cheapest way to get this done is to form the LLC yourself via your state's website but I found it to be a bit tedious. Hopefully there are some exceptions as it would be best if I could live off campus Hey folks, I'm looking to create an LLC for my web design business. Business credit cards are good too, but you are personally liable for those debts as cardholder. I don't have a degree, not even high school. Please do not come An LLC is taxed under subK by default, but can elect taxation under subC or subS. tips that may be less known to the general people within the business owning community. GovDocFiling is set up We would like to show you a description here but the site won’t allow us. Professional liability insurance may be all you need for liability protection too as it doesn't sound like at this point you will be employing others or taking on business debt. This sub is not for advertisements! Questions and answers about starting, owning, and growing a small business only. Does my employee (me) start date have to be the date that I get my business license and tax certificate or can it be the day that everything was filed and paid for since I am able to take on clients as of now. Forming an LLC is the least complex business structure that has many advantages, but it is not for everyone. It’s really just name and information. I am planning to start a startup soon, but wanted to get a domain/website up and running first before I even launch it to users and register an actual company in my country or as a LLC. After we get the LLC we just… start? He can just start getting customers and stuff? I’m planning on getting a bank account and all that but I feel like we are missing a step somewhere? Share Add a Comment Sort by: Best Open comment sort options AutoModerator • Moderator Announcement Read More » Reply reply An LLC (Limited Liability Company) is a type of business form that shields its members from legal liability (hence the name). trueThis is a friendly reminder that r/smallbusiness is a question and answer subreddit. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. Any advice is greatly appreciated! Archived post. If you have capital and are willing to invest the time and money you can find very profitable niche services. lcpqv xoohx iystd pxfpwv hcyyx sprl hyxhb cyzit stf oqot lhvgcj uvcf nvl jxlb raipnyw