Yes, you can be the only user ("Manager" and "Member") of an LLC. I did it
for years in real estate, and still have my LLC.
IIRC the form takes more like 5 min. You publish your intended LLC in the
Record Reporter for 6 weeks. I forget the cost, but it's fairly cheap and
easy. And IIRC, the Sec of State office (or wherever I went) has a form for
that too.
LLCs are almost zero maintenance and are not sublect to hostile takeover.
And so easy that some real estate investors create one for each property,
just to keep properties legally isolated from each other for basic
liability reasons. An LLC name like "<street address>, LLC" is one of
those. (So named cause the investor realized that pretty names would be
silly and confusing.)
Good luck!! :-)
- Vara
-
www.facebook.com/vara.lafey
On Dec 8, 2016 8:02 AM, "Keith Smith" <
techlists@phpcoderusa.com> wrote:
>
> David, you have brought up Sec. 1706 of the Tax Code several times over
> the years. I am not familiar, however from what you describe it sounds
> like it prohibits a programmer from becoming a sole proprietor, however it
> sounds like it does not stop agencies from doing contract work.
>
> What is an agency?
>
> I'll read Sec. 1706 of the Tax Code when I get done with my current
> project and have more time.
>
> Sounds like the solution is to form an Limited Liability Company (LLC). My
> accountant says it is legitimate to form an LLC and be a one man band and
> to have only one client. He say that is a legit business.
>
> Forming an LLC in AZ is simple. Fill out the forms the state provides pay
> your fee with the filing and publish. I think it costs about $85 and takes
> 3 or 4 hours (for a beginner) over about 6 weeks.
>
> Anyone have any thoughts?
>
> --
> Keith Smith
> ---------------------------------------------------
> PLUG-discuss mailing list - PLUG-discuss@lists.phxlinux.org
> To subscribe, unsubscribe, or to change your mail settings:
> http://lists.phxlinux.org/mailman/listinfo/plug-discuss
---------------------------------------------------
PLUG-discuss mailing list -
PLUG-discuss@lists.phxlinux.org
To subscribe, unsubscribe, or to change your mail settings:
http://lists.phxlinux.org/mailman/listinfo/plug-discuss
(text/plain)