Questions asked by paul.mclaskey(Paul McLaskey)

4. Setting up DE corporation for CA business

   Here's possibly a tricky question:
   Many people I know espouse first setting up S corp. in DE., although they operate a business based in CA.
   Since under that scenario, it would be necessary to set up CA. foreign entity, where might the advantage be?
   Secondly, if "inc." or "corp." is required, that CA. foreign entity would HAVE to be another S corp., would it not, rather than an LLC? (Since CA. entity would be required to use "LLC").

   Doing Business Out of State > Foreign Entity Qualification - Posted: Jan 05 - Viewed: 471 - Asked by: Paul McLaskey

3. Questions about S-Corporation

   Two other questions, if I may:
   1. Can an S corp. be set up with only ONE stockholder?
   2. Can an S corp. own an LLC?
   Many Thanks...

   
   
   Incorporation Questions > Types of Entities - Posted: Jan 05 - Viewed: 121 - Asked by: Paul McLaskey

2. Inc. vs LLC - whats more credible?

   Do you think a company with "Inc." give you more credibility than "LLC"? I think people tend to treat companies with Inc more seriously.

   Incorporation Questions > Types of Entities - Posted: Jan 05 - Viewed: 166 - Asked by: Paul McLaskey

1. Operating a software consulting business in California

   My operation is software consulting, primarily in CA.
   1. If I set up LLC or S corp. in DE., am I obliged to set up Foreign Entity in CA?
   2. In terms of SE consideration, is straight LLC, LLC set up as S corp. or straight S-corp. best?
   3. I'm not quite clear about Franchise Tax (CA.)...Is it $800 minimum & a further $900 for receipts $250K to $500K?
   4. Is corp. tax for LLC in CA. nonexistent?
   
   

   Many thanks indeed
   Incorporation Questions > Miscellaneous - Posted: Jan 05 - Viewed: 322 - Asked by: Paul McLaskey