Murthybvln
New Member
Me and my wife got EAD recently and would like to open an LLC. My wife will be the only person working for this company earning $100K.
Can any one explain the real tax advantage of opening an LLC in NV or DE compared to CA. Does it really make sense to open a single person LLC in NV or DE, when we reside in CA.
Can you please also let me know, what are the typical expenses that I can show to calculate the company profit. Can I show the house rent as an expense? Do I have to show all the $100K as taxable income on my wifes tax returns with LLC's pass-through taxasion.
Regards
Can any one explain the real tax advantage of opening an LLC in NV or DE compared to CA. Does it really make sense to open a single person LLC in NV or DE, when we reside in CA.
Can you please also let me know, what are the typical expenses that I can show to calculate the company profit. Can I show the house rent as an expense? Do I have to show all the $100K as taxable income on my wifes tax returns with LLC's pass-through taxasion.
Regards