atuquilar Posted January 25, 2013 Share Posted January 25, 2013 In 2012, I attempted to start an online retail business using dropship programs with manufacturers. I am no longer pursuing that venture. When I first started it, I registered the business under an LLC. I am now getting started in the bulk vending business. Can I use that same LLC entity for my bulk vending business, or do I have to create a new LLC (or sole proprietership)? Any feedback would be much appreciated. Thanks! Link to comment Share on other sites More sharing options...
treadmill Posted January 25, 2013 Share Posted January 25, 2013 I have used my for different ventures over the years. I can't see why you can't. Of course if you want to change company name you would have to do it. It will save you about $300 if you do decide not to do it. Link to comment Share on other sites More sharing options...
bulkjake Posted January 25, 2013 Share Posted January 25, 2013 I am using an old LLC for a real estate company I started. I never changed the name. Why give California more money than I have to? At the time, I would have just been supporting Arnold's bad choices in woman In all seriousness, you could also file a DBA under your LLC name if you really decided that you wanted a name change. It really doesn't make a difference what the name is. Take that $300 and have a really nice weekend with those Brazilian twins I saw on Craigslist this morning... Link to comment Share on other sites More sharing options...
Rick Posted January 25, 2013 Share Posted January 25, 2013 I need to get this done within the next couple of months. LegalZoom advertises LLC formation for $100. Does anybody see a reason why I wouldn't want to use them? Also, is there a common sense reason why I should pay the $289 for a "Standard" package? Thoughts MUCH appreciated. http://www.legalzoom.com/limited-liability-company/limited-liability-company-pricing.html Link to comment Share on other sites More sharing options...
atuquilar Posted January 25, 2013 Author Share Posted January 25, 2013 Thanks for your input guys. I'm just going to keep my current LLC for my bulk vending business. Link to comment Share on other sites More sharing options...
bulkjake Posted January 25, 2013 Share Posted January 25, 2013 I need to get this done within the next couple of months. LegalZoom advertises LLC formation for $100. Does anybody see a reason why I wouldn't want to use them? Also, is there a common sense reason why I should pay the $289 for a "Standard" package? Thoughts MUCH appreciated. http://www.legalzoom...ny-pricing.html Unless it comes with a 'Registered Agent of Service' and a bottle of vodka...I don't see the value. That being said, you may want to upgrade to the option of having a registered agent of service. Look it up if not familiar, there is value in that. As far as what company you should use it probably doesn't matter but I like these guys: https://www.incorporate.com/ They have always treated my right and I like their back office tools. Link to comment Share on other sites More sharing options...
BigRedvender Posted January 25, 2013 Share Posted January 25, 2013 Under a LLC you can have different ventures with the LLC as the Parent so to speak Joe Shmucks Vending Div of Big Guy LLC or some simular thing I lot of people run a couple of small ventures under an LLC. If your doing multi things and one of them ballons to major money then split it off into its own LLC and Insulate your other stuff so to speak. I have a modest amount of farmland and with the way land prices have jumped up the last several years I am to the point of setting it up into a LLC Just for protection of my personal assests from the faarm. Link to comment Share on other sites More sharing options...
indiana Posted January 26, 2013 Share Posted January 26, 2013 I need to get this done within the next couple of months. LegalZoom advertises LLC formation for $100. Does anybody see a reason why I wouldn't want to use them? Also, is there a common sense reason why I should pay the $289 for a "Standard" package? Thoughts MUCH appreciated.http://www.legalzoom.com/limited-liability-company/limited-liability-company-pricing.html I own LLCs in Utah, Indiana and Illinois. As already mentioned, filing a DBA (assumed name) business on behalf of the LLC is easy, and is all you need to do to conduct your business in that name and accept checks/payments as that business. I'm sure LegalZoom does a good job, but forming an LLC is usually pretty straightforward directly with the state. In Illinois, you can do it online. The only reason I would personally advise against using LegalZoom, is the additional cost. The $100 is in addition to the fees you will have to pay the state. You can also purchase an existing (or shelf) LLC, assuming you can verify it is free from liabilities and bad debt. That's what I usually do. Many (but not all) states allow already formed corporations and LLCs to domesticate to another state, too. Link to comment Share on other sites More sharing options...
mission vending Posted January 30, 2013 Share Posted January 30, 2013 I need to get this done within the next couple of months. LegalZoom advertises LLC formation for $100. Does anybody see a reason why I wouldn't want to use them? Also, is there a common sense reason why I should pay the $289 for a "Standard" package? Thoughts MUCH appreciated. http://www.legalzoom...ny-pricing.html That is their fee, you will also have to your state filing fee when you submit the paperwork. Under a LLC you can have different ventures with the LLC as the Parent so to speak Joe Shmucks Vending Div of Big Guy LLC or some simular thing I lot of people run a couple of small ventures under an LLC. If your doing multi things and one of them ballons to major money then split it off into its own LLC and Insulate your other stuff so to speak. I have a modest amount of farmland and with the way land prices have jumped up the last several years I am to the point of setting it up into a LLC Just for protection of my personal assests from the faarm. I'm in kind of the same boat with the land situation, however I'm protected under my homestead rights as long as it remains my primary residence. Do you have something like that in NEB? Link to comment Share on other sites More sharing options...
BigRedvender Posted January 30, 2013 Share Posted January 30, 2013 That is their fee, you will also have to your state filing fee when you submit the paperwork. I'm in kind of the same boat with the land situation, however I'm protected under my homestead rights as long as it remains my primary residence. Do you have something like that in NEB? We might but we don't live on the farm. It is not my primary residance and we also rent it out to a famly member on a cash basis to farm. Link to comment Share on other sites More sharing options...
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