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bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 2830
Experience:  IRS Enrolled Agent, 18+ years of experience in tax preparation with associated finance experience.
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I leave in NJ and i need to form al LLC. In my company, i

Customer Question

Hi
JA: Hello. What is your issue regarding?
Customer: i leave in NJ and i need to form al LLC. In my company, i could work from anywhere as i meet with clients online, but also in NJ. Should i incorporate in NY or NJ? What are the pros/cons thank you!
JA: The accountant will know how to help. Is there anything else the accountant should be aware of?
Customer: I might work in NY as well at some point nothing else
Submitted: 21 days ago.
Category: Finance
Expert:  bkb1956 replied 21 days ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

If you live in NJ, it is wise to form the LLC in NJ since you can work from anywhere and meet with you clients online.

The following link contains excellent information regarding the pros and cons of forming an LLC:

http://grasshopper.com/resources/jump-starting-and-growing-your-business/nuts-and-bolts/

After you review the information, please let me know if you have any questions so I can further assist you.

Best regards,

Barb

Expert:  bkb1956 replied 21 days ago.

Here is information regarding the pros and cons of an LLC v. corporation:

https://www.incorporate.com/comparing_corporations_llcs.html

Customer: replied 21 days ago.
hi Barbara, I know the differences between corporations. It will be a coaching business with clients from anywhere but could
I conduct business (do events) in NY? Miami? What steps should I follow to incorporate my LLC?
Expert:  bkb1956 replied 21 days ago.

You will form the LLC in NJ and elect corporate status.

S corporation or C corporation?

Expert:  bkb1956 replied 21 days ago.

The following link contains the steps to form an LLC in NJ:

https://www.nolo.com/legal-encyclopedia/new-jersey-form-llc-31872.html

A single member LLC defaults to a sole proprietorship unless you choose the corporation entity classification.

You can conduct business anywhere. Will you have offices in NY? Miami?

Expert:  bkb1956 replied 21 days ago.

Once you form the LLC in NJ, you will apply for an EIN number from the IRS. During that process, you will elect your entity status--sole proprietorship, S corporation, C corporation.