U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics > Business
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 08-01-2019, 06:29 PM
 
7 posts, read 1,659 times
Reputation: 10

Advertisements

I will try and make this as short as possible

I was laid off from my job two months ago and a buddy of mine said lets form our own LLC and work towards building our own business. We will not be making money anytime soon as several things are needed first like insurance, a certificate from the state, etc. Two months before we even consider money. So I thought no big deal I mean only $130 to form an LLC and we split the money. I want to see an accountant today and he told me that I need to get my name off the LLC because if I tell unemployment they will take away my unemployment funds regardless of if I am making money. He said if I do not tell them at the end of the year when they run a names check of unemployed people against the forming of businesses they will make me pay back the money I got regardless if we made money or not. He suggested I change it over to my wife name. So I called the state and they said we can do an amendment to the LLC and take me off it and put her on for a small fee. My question is this. If I do that when the state does the search will it not show my name at all like the accountant said? the LLC was just formed 5 days ago. I want to see if anyone has insight about this and my accountant is correct so I do not go through all this for nothing. Sorry I did not see a lawyer thread only a business one.
Reply With Quote Quick reply to this message

Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics > Business
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2020, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top