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?
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today