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I could be wrong but one could open a bank account in a different state. In this case he formed a business but did not make a profit or sale or employ anyone f
by wolco 9y ago
I could be wrong but one could open a bank account in a different state. In this case he formed a business but did not make a profit or sale or employ anyone for 6 years. It doesn't make sense to form an llc unless you require it. Start smaller.
- BinaryIdiot 9y agoIf you live in CA and are operating your business in CA, you're probably going to have a hard time arguing you don't have to pay CA tax.
- chaosite 9y agoRight, but the point is that he isn't operating a business at all, seeing as there's no product nor sales. So what does he have? Maybe he doesn't need an LLC at all right now.