Scarter180
New Member
- Jurisdiction
- Minnesota
I want to form and file a new LLC that is an online-only SaaS business. 1. Would it be legally feasible to file a simple LLC through Delaware, Wyoming, or Nevada instead of Minnesota where I live and operate from my computer? 2. Would it be necessarily more simplified and streamlined to form and file the LLC in Minnesota in a way that outweighs any potential advantages from other states to form and file? 3. When would forming an s corp be advisable - and should this be done immediately or at a certain benchmark ideally? 4. Will a simple Quickbooks type software be able to handle any applicable sales taxes and reaching nexus? 5. Will this nexus trigger a need to file for business licensing in that state or is that needed beforehand or under different circumstances? (Wonder if there is a generalized overall US selling approach available) 6. What FinCEN regulations are worth being warned about in this scenario? 7. Are the complications with being a foreign LLC of this type more troublesome than what it's worth for any tax breaks at this point from other states?
Thanks!
-Sam
Thanks!
-Sam