Localfund.com - All about Fund and Investment
*Home>>>Managed Fund

For attorney/paralegal: LLC with members in different states?


I am co-authoring a book with a friend in California - I live in Arizona.
For the purpose of keeping copyrights, ownership, funds distribution and costs managed, we want to form an LLC, with her and me being the only (for now) 2 members.
I have filed and published an LLC before, but only in Arizona.
Will the articles have to be published both in California and in Arizona?
Will they have to be filed in both states?
If you know of anything else I have to consider, please include it in the answer. Thanks!

No you only need to (in fact you can only) form an LLC that is either a California or an Arizona LLC. Its your choice. However, you need to qualify to do business in the other jurisdiction, which is a filing you make when you are a foreign (meaning not from the state, not not from the country) entity.

With such a small enterprise you actually may be able to avoid having to qualify to do business in the other state -- if you are otherwise using an attorney for your publishing stuff I'd get their opinion. I can't give you legal advice, but I'd strongly consider just forming in one jurisdiction and letting the dice fall where they may in the other state. After all, with an LLC you each are paying individual taxes on it and there is no entity level tax.

Search using www.yahoo.com/search!

Tags
  Offshore Investment   Mutual Fund   Money Market Funds   Money Investment   Managed Fund   Make Money   Low Risk Investment   Long Term Investment
Related information
  • Can I move funds in a ROTH IRA from one institution to another without incurring a sale or penalty?

    Your investment is in an IRA so there won't be a taxable distribution (unless you pull the money out of the investment). Sometimes there can be account closure fees that mutual funds may char...

  • AWSURVEYS help..?

    If your money is in paypal, then you're ok. goto www.paypal.com to find out more about them. I have a paypal account, and can transfer money to my checking account for free. It takes ab...

  • What is enterpreneurship? What are the qualities one should have to be a successful enterpreneur?

    The ability to excel where others plod on. Successful enterpreneurs should be able to see an opportunity and exploit it. They should know when to stop when something is not working, how to get the ...

  • What is the best online Mortgage Brokerage Firm or Correspondent Lender to join as a new business career?

    I also work for Aapex mtg that's based in fl. working from home is cool but it's best if you can go into an office and do work there. if you're home you might bs more than if you we...

  • What happens behind the scenes in a 401k plan?

    Most likely it's because of service. That's the typical reason that a firm your size would switch administrators. However, if they aren't witching the company that provides the pla...

  • I'm trying to secure some further funding for the 100% non-profit project i manage www.3cycle.org?

    How about an internet-based fundraising campaign? Go to www.charitablepathways.com for more information.

    ...
  • How will I read the sensex chart,is it on the overall gain or the closing sensex mark?

    (A).I THINK YOUR MEANING OF FUND MEANS MUTUAL FUND- it does not meant that some of yor stock gain means they used BSE or NSE. Same if some lost it does not meant that they use BSE or NSE. IT...

  • If I buy no-load funds from Schwab online for my Roth IRA, do I have to pay anything on the back end?

    Most online brokers make it very easy to transfer funds. Gather your Edward Jones papers together, call Schwab, and ask for an IRA rep. It's pretty simple. If you have specific funds in min...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster