Alright, so I don't have a ton of capital to start my business. A California LLC will cost me $850 a year. The other problem: to go the sole prop route and file for a business license, and home occupation permit I need homeowner signature (probably not going to happen) and some sort of utility bill in my name (also unlikely). I'm renting a room, and have no bills in my name that ties me to the actual property.
I'm a California resident, and am starting an e-commerce business. At first, I'm going to be dropshipping ONLY (to get up and running). So technically, I don't really have a business location.
So I was going to file an LLC in Nevada, and get rolling. Well, if I sell to California, and since I'm a California resident, California is likely to hit me with that $850 fee on TOP of the fees paid in Nevada. It'll cost about $400 in Nevada.
The shitty thing is I can't sell any product without all the required business docs (can't get accounts with distributors). So I'm kind of stuck. Has anyone dealt with this before?
One option is filing in Nevada and becoming a Nevada resident. My buddy has a place in Vegas which he probably wouldn't care if listed it as my home address, and gained residency there. This could be a viable option since I could establish residency at a later date. However, I would be living in California.
Also, coincidentally, my vehicle isn't in my name, so nothing really ties me here except for my job. I'm not trying to do anything shady here, I'm just trying to get off the ground and running as cheaply as possible. Thoughts?
I'm a California resident, and am starting an e-commerce business. At first, I'm going to be dropshipping ONLY (to get up and running). So technically, I don't really have a business location.
So I was going to file an LLC in Nevada, and get rolling. Well, if I sell to California, and since I'm a California resident, California is likely to hit me with that $850 fee on TOP of the fees paid in Nevada. It'll cost about $400 in Nevada.
The shitty thing is I can't sell any product without all the required business docs (can't get accounts with distributors). So I'm kind of stuck. Has anyone dealt with this before?
One option is filing in Nevada and becoming a Nevada resident. My buddy has a place in Vegas which he probably wouldn't care if listed it as my home address, and gained residency there. This could be a viable option since I could establish residency at a later date. However, I would be living in California.
Also, coincidentally, my vehicle isn't in my name, so nothing really ties me here except for my job. I'm not trying to do anything shady here, I'm just trying to get off the ground and running as cheaply as possible. Thoughts?
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