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2 Replies Last post: Apr 14, 2009 6:15 PM by BCEagle

LLC, State web based small business question

Apr 14, 2009 4:07 PM

Click to view BCEagle's profile Start-up BCEagle 2 posts since
Apr 14, 2009
Hi,

I recently launched a website where the primary source of income will be from advertisements on the site. My business partner registered our LLC in Delaware last July. I live in Massachusetts and he lives in New York. Since this is a web based business, all of the work is done online out of my home. So, I have a few questions...

1. Do we need to register the business as a Foreign LLC in Massachusetts as well since I live there? Or, since the business is online, can we just stick with the Delaware registration?

2. I went to open a small business bank account at a local Massachusetts bank and was told that we will need a business certificate from my town first. I explained that we are an online business, but I'm not sure they knew what to do with it. I asked my town clerk and they told me I needed to register with the state. Is this necessary (see 1 above)? I believe it costs over $500 to regsiter as a foreign LLC in Massachusetts. All we want to do is open a bank account for the business. Can we instead just open a bank account at a Delaware bank?

Thanks in advance!

-Kyle
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,912 posts since
Aug 6, 2007
1. Re: LLC, State web based small business question Apr 14, 2009 5:53 PM
small business question, Welcome

It is VERY hard to answer your question without knowing who you are.

It sounds like you need both a lawyer and an accountant.
Click to view BCEagle's profile Start-up BCEagle 2 posts since
Apr 14, 2009
2. Re: LLC, State web based small business question Apr 14, 2009 6:15 PM
in response to: LUCKIEST
I really just want a general answer for this situation. Surely in the day of internet businesses, this is not an uncommon situation. Any help is greatly appreciated.

Thanks!