Hi All, just wondering how the taxation for an LLC would work. I am a California resident and my objective is to pay as little taxes as possible (legally) with a new dotcom business. It will only be virtual, so I am thinking about starting a Nevada LLC instead of a California LLC as Nevada does NOT have state taxes. From what I understand CA and NV LLCs both require you to pay federal income tax on whatever profits/losses acquired by the LLC on your personal federal income tax return (unless you choose to be taxed as a corporation at the higher corporate tax rate). So, I was thinking because I am virtual, I can start up the dotcom, form LLC in NV and will NOT have to file as doing business in any other state.
Although, my server(s) will be located in various places throughout the country, but that doesn`t have an affect on my taxation requirements right?
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