Texas Llc Tax Obligations

Summary

Registering an LLC in Texas typically requires paying taxes in Texas. If you dont conduct business or have a physical presence in Georgia, you generally wont have tax obligations there. However, consulting a tax professional is advisable. If you register an LLC in Texas but reside elsewhere, youll likely owe personal taxes in your home state on your share of the LLCs income. Regarding contracts, in Georgia, a contract signed under duress may be voidable. If a car purchase contract was contingent on a cash deposit that wasnt paid, you likely arent responsible for the car. Contracts signed under duress can be challenged in court.

Full Conversation

NO
If your LLC is registered in Texas and you don't conduct business or have a physical presence in Georgia, you generally won't have tax obligations there. However, it's always wise to consult a tax professional to ensure compliance with all state laws and regulations.
If I register an LLC in Texas while not being a resident, will I be responsible for personal taxes in my home state?
When you register an LLC in Texas but live in another state, generally, you'll be responsible for personal taxes in your home state on your share of the LLC's income. It's wise to consult a tax professional to understand your specific obligations in your home state.
If I was forced to sign a contract to buy a car, contingent on a cash deposit, am I responsible for the car if I never paid?
Case Rating: *
In North Carolina, a contract signed under duress may be considered voidable. If the contract was contingent on a cash deposit that you did not pay, you may not be responsible for the car. Consider these points:
- Contracts signed under duress can be challenged in court.
- If the deposit was never paid, the contract might not be fully executed.
Do you recall any threats or pressure when signing the contract?
In Georgia, if I was forced to sign a contract to buy a car, contingent on a cash deposit, am I responsible for the car if I never paid?
Case Rating: *
In Georgia, a contract signed under duress might be voidable. If the contract was contingent on a cash deposit that was never paid, you likely aren't responsible for the car. Consider:
- Contracts signed under duress can be challenged.
- The contract might not be fully executed without payment.
Do you recall any threats or undue pressure when signing the contract?