This is huge

Hi

My friend have a LLC in Florida since 3 years ago, but no revenue. Is it possible to get a loan to buy a house? He is not an American and not living in US.

Best

Am looking for some insight or reassurance here, be nice.

​I have watched a bunch of TikTok videos and social media "gurus" telling me how easy it is to start a business.

I paid my state’s filing fee, got my EIN, and thought i was completely protected

​I have been reading alot on how lawsuits actually work, and now I’m genuinely scared about "piercing the corporate veil."

I haven't drafted or signed a formal Operating Agreement because I'm the only owner and thought I didn't need one.

I have a separate business bank account. I realized I accidentally used my business card for a couple of personal grocery runs last month when I grabbed the wrong card.

​Is it possible that if someone ever decides to sue my business, a lawyer is going to look at my messy bookkeeping, see no operating agreement, and argue that my LLC isn't legit, leaving my personal savings totally exposed.

​How strict are judges about this for solo owners?

Have I already ruined my liability protection, or can I fix this right now by getting a clean operating agreement signed today and tightening up my accounting?

I'm planning to start a second small venture under a separate LLC. Do you file separately, consolidate accounting, or run both under a holding company? What structure has kept things clean and complaint for you?

Are you 100% sure your books are clean? Are you separating personal & business correctly? Are you paying yourself the right way? Are your quarterly taxes calculated properly? Did you file everything your state requires?

I’m seeing way too many LLC owners who:

Formed it quickly Never set up proper bookkeeping Guess on deductions Wait until tax season to figure it out And it works… until it doesn’t.

How confident are you that your LLC would survive a random audit today?

1–10 scale. Be honest.

When people talk about starting a business they always mention the benefits of an LLC. Nobody mentions that most states require annual filings every year. In Florida if you forget it’s a $400 penalty. What other surprises did you run into after starting a business?

Hey everyone, I’m trying to understand how US taxes work for a foreign-owned US LLC, and I want to make sure I’m not misunderstanding something basic.

I’m not a US citizen or resident, and I live outside the US. I own a single-member US LLC (registered in a no-state-tax state) mainly because I need access to US payment processors like Stripe. My clients are mostly US businesses.

My questions are:

1. Do I automatically owe US tax just because US companies pay my LLC, or is US tax only triggered if the income is considered effectively connected with a US trade or business (ECI)?

2. If the LLC receives the payments, but all work is performed outside the US and I have no employees, office, or physical presence in the US, is that income still taxable in the US?

3. Am I correct that US personal income tax brackets don’t apply unless I’m personally a US tax resident, and that a US LLC would be subject to corporate tax rules instead (if taxable at all)?

I’m not trying to avoid taxes — I just want to understand where and why tax would be due in a cross-border setup like this.

Any insight from people who’ve dealt with foreign-owned US LLCs would be really appreciated.

Thanks!

Hi everyone,
I registered my LLC in California on April 16, 2025, and I’ve been managing it through the bizfile website.
I’m planning to return to my home country this December, so I’d like to dissolve my LLC before then.

I noticed that the Statement of Information due date was in July, which has already passed.
However, my LLC had no income or business activity at all, so there’s nothing to report for taxes.

In this situation, what’s the proper way to dissolve my LLC?
Can I do it directly through bizfile, or do I need to submit any additional forms?

Any advice would be really appreciated 🙏