Sole Proprietorship vs Freelance vs LLC Hi all I am an ID working in kitchen and cabinetry design, planning to have my CKBD by midyear. I work full time remote for an out of state kitchen design firm, but worked for a couple shops and firms here in my state previously, and have maintained and grown my relationships with designers and builders here. Lately I’ve started to accrue a dece…

Non-US Resident Opening an LLC – Address problem, Need Advice Hi everyone, I’m not a US resident, and I’m in the process of setting up an LLC. However, I’m running into an issue with the physical address requirement, which I understand is necessary for the LLC registration, opening a bank account, etc. After doing some research, I found services like iPostal1 that provide virtual addresses, but they seem a…

LLC in US or Canada Situation: I am at a beginner level, planning to start an online clothing store(private label) on Shopify. I am a Canadian citizen currently residing in Canada. I will source my products from Asia and sell them mainly to the U.S. market. If successful, I plan to expand to Canada, the UK, and Europe. Confusions/Questions: Where to register my co…

My wife’s dad wants her to sign as a Trustee to his LLC He brought some papers and told her to sign as a Trustee and a Successor to his personal S-Corp and LLC. He said that when he passes, the company and its assets, such as 401K, will transfer to her. My questions and concerns are: does this make her liable for company taxes and debt as well? Why wouldn’t she just be a beneficiary to his estate? W…