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Wouldn't the fact that I am writing off my home office in PA indicate that I am regularly doing business in PA, and thus require me to register as a foreign corporation?
Also, let's say I am set up as a Wyoming LLC... even though Wyoming has no state tax, wouldn't I still need to pay state tax, if I live in PA and get money from the LLC?
And would I be able to pay personal expenses out of my Wyoming LLC, and thus limit the net income that is taxed? (I understand this could put me at risk for piercing the corporate veil, thus negating the liability benefits of the LLC, but I am wondering about tax implications. I suspect that I would still pay taxes on the income of the LLC, and would not be able to write off expenses paid out of the LLC unless they were business related - but I wanted to get confirmation that this is correct thinking).
And if I sign a consulting agreement (NDA, or Non-Compete), and my name appears on the contract along with the name of my LLC, am I still shielded personally if someone comes after me for a violation of the agreement?
You would have to sign the contract "on behalf of LLC name" and do not sign personally, but most companies are sophisticated and would insist you sign both for the LLC and personally for an NDA or Non-Compete and even if you do not, they can argue as a sole member LLC you are still personally bound by the NDA as a member of the company and also by the non-compete. So the court will not let you avoid complying with these types of agreements as an LLC, this is what I said in the beginning you can still be personally liable for your personal acts and this is an example.
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