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Message
re: Advice on starting a company/LLC
Posted on 4/2/15 at 3:15 pm to Poodlebrain
Posted on 4/2/15 at 3:15 pm to Poodlebrain
quote:
Poodlebrain
When searching for a CPA, are there any any guidelines that I should be following? Is it better to hire local?
From the sound of your credentials, I can't afford you unfortunately.
1
Posted on 4/2/15 at 3:19 pm to TheHiddenFlask
quote:
TheHiddenFlask
quote:
You should always consult a CPA and possibly a transactional lawyer before setting up any business where you will invest a lot of time and money.
Thanks, what type of "transactional lawyer" should I look for? We have a lot of "one size fits all" attorneys here in my area unfortunately.
Posted on 4/2/15 at 4:24 pm to NoleTideNole
quote:My per diem rates are lower than you'd expect for the Baton Rouge market.
From the sound of your credentials, I can't afford you unfortunately.
quote:Many CPAs take a one size fits all approach to selecting the type of entity for a new business. There are advantages and disadvantages for all types depending on the industry, type of property used in the business, number of employees, expected income from the business, and your exit strategy. Good CPAs, and there are many good locals, will ask you enough questions about the above to provide you with advice that will allow you to make an informed decision.
When searching for a CPA, are there any any guidelines that I should be following? Is it better to hire local
Posted on 4/3/15 at 7:37 am to Poodlebrain
The method you described to hide ownership does would not work. At least in Louisiana 
Posted on 4/3/15 at 11:21 am to Fancy
Care to explain why you came to that conclusion? A trust has no legal obligation to disclose who its beneficiaries are. The trustee can be identified as its name will appear on any titles recorded as public records. The trustee will also be identified as the manager of the LLC, who is the only individual/entity required to be disclosed in filings with the Secretary of State for the LLC. You could make a pretty good educated guess as to who the beneficial owners are, but you couldn't be certain without the ability to subpoena the actual trust instrument(s).
Posted on 4/3/15 at 12:15 pm to Poodlebrain
I'm fairly certain that the state police require an actual person or persons who own a majority interest come forward to claim a prize.
Posted on 4/3/15 at 1:03 pm to Fancy
There are ways to overcome the Louisiana statute making lottery winners names and cities of residence public records. The simplest is to buy the Powerball ticket in another state. If I'm willing to go to all the trouble to implement such a plan, I would take the simple precaution of traveling to a state where the trust would preserve my anonymity.
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