Get and Sign Mississippi LLC Certificate of Formation Step by Step LLC University 1999-2022
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How to form an llc in mississippi
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How do I fill out a convocation form step by step for Shivaji University?Online application form will be available on university website in exam section/ convocation.http://www.unishivaji.ac.in/exam...For more detail watch following videoThen fill up these form online and then take a print out of sameAttach photo copy of the final mark sheet with fee receipt.Submit the same form at Convocation Section at university office or send it by post.
How is a single-member LLC owned by a nonresident alien taxed? Should I fill out a W-8 or am I deemed not to have U.S. activities?Based on the facts as you have presented them:You are selling a product, as I see it, and not a service - although there's something of a gray area here, this is more like an intangible asset than it is providing a personal service for compensation. That product is being offered to US-based customers who are using it in the US - your focus is building up your market in the US, and you are doing that under the auspices of an LLC which is US-based. Looking at all of the facts and circumstances surrounding the conduct of your business, as you have presented them and as the IRS will look at them if asked, I conclude that you are conducting a business in the US and your income from US sources is effectively connected with the conduct of that business in the US, which means that you are subject to US taxes on that income.With that conclusion, Form W-8ECI is the proper form to provide to your US sources if you wish to prevent withholding on the income from your business.I want to add one point, since this seems to be coming up frequently - while an LLC is a disregarded entity for tax purposes, it is still a legal entity in the US - and the fact that you, as a nonresident alien, choose to operate a business under the auspices of a US-based LLC is a piece of evidence that can, under the appropriate set of facts and circumstances, be used by the IRS to support an argument that you are conducting business in the US and that your income from that business that comes from US sources should be taxable in the U.S. You should not assume that as a nonresident alien you have carte blanche to create a US LLC, operate a business under its auspices, and then at tax time argue that the income should not be taxable in the US because the LLC is a disregarded entity. The IRS will look at all of the facts and circumstances surrounding your business, including your choice of a US-based entity as the face of your business, and while that decision alone won't be dispositive, it will certainly be considered.
As one of the cofounders of a multi-member LLC taxed as a partnership, how do I pay myself for work I am doing as a contractor for the company? What forms do I need to fill out?First, the LLC operates as tax partnership (“TP”) as the default tax status if no election has been made as noted in Treasury Regulation Section 301.7701-3(b)(i). For legal purposes, we have a LLC. For tax purposes we have a tax partnership. Since we are discussing a tax issue here, we will discuss the issue from the perspective of a TP.A partner cannot under any circumstances be an employee of the TP as Revenue Ruling 69-184 dictated such. And, the 2016 preamble to Temporary Treasury Regulation Section 301.7701-2T notes the Treasury still supports this revenue ruling.Though a partner can engage in a transaction with the TP in a non partner capacity (Section 707a(a)).A partner receiving a 707(a) payment from the partnership receives the payment as any stranger receives a payment from the TP for services rendered. This partner gets treated for this transaction as if he/she were not a member of the TP (Treasury Regulation Section 1.707-1(a).As an example, a partner owns and operates a law firm specializing in contract law. The TP requires advice on terms and creation for new contracts the TP uses in its business with clients. This partner provides a bid for this unique job and the TP accepts it. Here, the partner bills the TP as it would any other client, and the partner reports the income from the TP client job as he/she would for any other client. The TP records the job as an expense and pays the partner as it would any other vendor. Here, I am assuming the law contract job represents an expense versus a capital item. Of course, the partner may have a law corporation though the same principle applies.Further, a TP can make fixed payments to a partner for services or capital — called guaranteed payments as noted in subsection (c).A 707(c) guaranteed payment shows up in the membership agreement drawn up by the business attorney. This payment provides a service partner with a guaranteed payment regardless of the TP’s income for the year as noted in Treasury Regulation Section 1.707-1(c).As an example, the TP operates an exclusive restaurant. Several partners contribute capital for the venture. The TP’s key service partner is the chef for the restaurant. And, the whole restaurant concept centers on this chef’s experience and creativity. The TP’s operating agreement provides the chef receives a certain % profit interest but as a minimum receives yearly a fixed $X guaranteed payment regardless of TP’s income level. In the first year of operations the TP has low profits as expected. The chef receives the guaranteed $X payment as provided in the membership agreement.The TP allocates the guaranteed payment to the capital interest partners on their TP k-1s as business expense. And, the TP includes the full $X guaranteed payment as income on the chef’s K-1. Here, the membership agreement demonstrates the chef only shares in profits not losses. So, the TP only allocates the guaranteed expense to those partners responsible for making up losses (the capital partners) as noted in Treasury Regulation Section 707-1(c) Example 3. The chef gets no allocation for the guaranteed expense as he/she does not participate in losses.If we change the situation slightly, we may change the tax results. If the membership agreement says the chef shares in losses, we then allocate a portion of the guaranteed expense back to the chef following the above treasury regulation.As a final note, a TP return requires knowledge of primary tax law if the TP desires filing a completed an accurate partnership tax return.I have completed the above tax analysis based on primary partnership tax law. If the situation changes in any manner, the tax outcome may change considerably. www.rst.tax
What are the steps (in depth) to create and open a self-storage facility by obtaining an LLC towards the construction of the buildings, assuming you already have the land?First, do not make assumptions that because you own land that it is the “right” place for a storage facility. The choice of site is based upon the demographics and need, not ownership. The first thing I would do is to consult an expert and do an evaluation on the demographics and need as you really do not want to flood the market with storage units that are not needed. If you are independently wealthy and will finance your facility for cash, then you are in the position to flood a market and receive little or no return on your facility. If not, you will need a business plan.If you are qualified to prepare an indepth business plan to present to a bank or finance company, then by all means prepare one. You will need to have viable estimates of the cost of your facility including all of the soft costs, development costs, and construction costs. Then you will prepare a financial forecast as to the return on your facility. This is mandatory for financing or for your personal use, to insure that you are making a good investment and will cash flow for the banks. All of this data is available from resource manuals which are fairly detailed. Alternatively, you could higher a financial specialist on self-storage to develop your plan with documentation.As to getting the LLC, that is about a 15 minute exercise on a computer in Florida or 20 minutes with a competent attorney.Somewhere along the line, probably as you are developing the business plan and estimating the costs, you will need to design your site. This can be done by a competent engineer or you, if you are qualified. In any event, you will probably use a competent engineer for your development order and site plan, so I recommend having the engineer develop and design your site plan. He or she will also be able to advise you on site development requirements and you can get the quotes to do them.Then there is the item of unit mix. This is a complex issue which again can be done by yourself, or with the help of an expert. Many of the self storage building manufacturers and suppliers can be of assistance here. Research in to the unit sizes of successful complexes will be helpful here.After you have your site plan and unit mix per building, your engineer or you, if you know the system or are prepared to learn, can apply for your development order. Zoning, density, land use, design features, traffic counts, drainage and environmental impact as well as buffering are among the items that will be considered.Once you have your DO, you can get hard quotes on your site work and buildings. At this point, I assume you have your financing in place. The rest is simple. Obtain quotes from General Contractors. Provide them your preferred sourcing for buildings, if you are buying package buildings, give them a copy of the DO and the site lay out surveys, etc. When you have the quotes, select your General Contractor and proceed with development. The contract should have periodic payments that the bank or you will disburse funds.Your selected engineering firm will confirm that the site is constructed to the specifications and obtain governmental approvals. When the buildings are erected, the governmental inspections will be performed during the process. When you have your statement of Compliance from the Government for the DO and the Final approved documents for your buildings, you are ready to open for business.As you see, many things are concurrent. You need to employ experts, engineers, and licensed contractors to complete the job. It is nice to own the land, but ascertaining if it is a good site for self storage due to geophysical anomalies or market conditions is first. Business plan is second. Financing is third. Fourth is the DO. Fifth is bidding and construction. Sixth is opening.Good luck…