California, Limitations to LLCs?

[jboydston]

Does anyone know if there are any legal restrictions on LLC in California regarding trading? (Like, CA doesn't allow Professional Services to form LLCs.)?

 

[metooxx]

Disregarding the tax issue, I think you would be better served with a Nevada LLC.

 

[jboydston]

But if I trade from CA, am I not required to pay CA taxes anyway?

 

[metooxx]

Yes legally, I will leave the rest to your imagination. Nevada is a lot better to form an LLC than California. Anonymity, fees, etc. are a few reasons, ask your attorney about it.

 

[Gene Weissman]

Just a note . I don't give legal advice but LLC laws can vary from state to state. LLC's based in Nevada & Delaware may have some advantages over other states. In some states, LLC's can be a member of another LLC . In Massachusetts , a one member LLC is not allowed. I would suggest you speak to a Legal advisor or CPA in your state about LLC formation. There are a couple of sites I have found that answer some basic questions on LLC formation:

Business Filings, Inc. www.bizfilings.com/learning/llcfaq.htm

Choose a Corp., LLC or Partneship? see the article by Fleishman
& Bryant, CPA's at www.mamag.com/spring00/sp00fleischman.htm

Delaware LLC info www.privacy-solutions.com/bregistry.html
LLC package available online

LLC packages can be ordered from any state online at
Versuslaw.com http://forms.versuslaw.com/professionalllc.htm
(registration with each individual state may also be required)
Consult your legal advisor for more information.



Gene Weissman
Lieber & Weissman Sec., L.L.C.
gweissman@stocktrade.net