Contact your elected representatives in Springfield.
http://www.ilga.gov/legislation/BillStatus.asp?DocNum=325&GAID=13&DocTypeID=HB&SessionID=88&GA=99
http://www.ilga.gov/legislation/BillStatus.asp?DocTypeID=SB&DocNum=2776&GAID=12&SessionID=85&LegID=78630
From: That One Guy /sarcasm
Sent: Thursday, August 06, 2015 12:52 PM
To: af@afmug.com
Subject: Re: [AFMUG] Legalzoom
Jesus H Christ, So I have to do this LLC-5.5 to establish an LLC in Illinois
for 500 bucks, then LLC-45.5 to get permission to actually conduct business for
another 500 bucks, and yearly 250 bucks LLC-50.1 report?
And this is just to have a bank account?
And I suppose under purpose, I cant put anything about doing stuff to their
mother either
On Thu, Aug 6, 2015 at 12:35 PM, Bill Prince <part15...@gmail.com> wrote:
In CA it is a completely different agency called the BOE (Board of
Equalization) that you have to deal with to charge sales tax. We got the sales
permit from the BOE, but at some point it became simpler for us to give away
the hardware. Instead, we increased the service charge (which is not (yet)
taxable in CA).
bp
<part15sbs{at}gmail{dot}com>
On 8/6/2015 9:28 AM, Ken Hohhof wrote:
If you are going to collect sales tax, you will need to file some paperwork
with the state. I believe you will need an Illinois reseller ID. Note once
you have one, they will hound you for the quarterly paperwork, and don’t ever
be late. The penalty for being late sending them $0.23 in sales tax will be
something like $50. Ask me how I know. I finally refused to resell hardware
and cancelled my reseller ID to make it stop.
So the point was sole proprietor is easy (if risky to your personal
assets), probably just file a form with the county clerk and open a separate
bank account under your DBA, but there will be additional paperwork if you
collect taxes or have employees.
As Doug pointed out, you really should have a lawyer and accountant. You
don’t know what you don’t know. They can advise you if you are making the
wrong choice about sole proprietorship, partnership, LLC, PC, S Corp, C Corp,
etc. for various reasons including putting your personal assets at risk, tax
consequences, and whether your business can have a subsidiary.
There are probably some advantages to a sole proprietorship, like as long
as it’s just you, I think you can ignore OSHA. Woo hoo, look at me, I’m 7 feet
off the ground without fall protection!
From: That One Guy /sarcasm
Sent: Thursday, August 06, 2015 11:12 AM
To: af@afmug.com
Subject: Re: [AFMUG] Legalzoom
for a small, on the side business sole proprietorship would seem
sufficient.
Whats this you say about sales tax, a sole proprietor cant take in sales
tax?
On Thu, Aug 6, 2015 at 10:51 AM, Bill Prince <part15...@gmail.com> wrote:
This stuff is not rocket science. It might be difficult for a lawyer, but
it's a fairly rote process. I've done it a couple of times, and yes, you need
to issue stock (if a corp), publish minutes, and a couple of other things. In
CA, the SOS office has a little checklist of what you need. It takes maybe an
hour or two to pull it all together.
bp
<part15sbs{at}gmail{dot}com>
On 8/6/2015 6:45 AM, Hass, Douglas A. wrote:
-1000
If you just need to file corporate formation papers and nothing else,
you can probably do it by downloading the free forms your state provides.
Registering a DBA name is easy, too. Usually just a form that doesn’t take a
degree to figure out how to complete. Having an attorney is helpful, but by no
means necessary. On the other hand, LegalZoom is a complete waste of money.
You don’t need to pay LegalZoom unless you like snazzy web interfaces/hate PDFs
so much that you are willing to pay money to use/avoid one.
HOWEVER FILING THE FORMS ISN’T ALL YOU NEED TO DO!
If all you do is pay the filing fees and file the forms, you haven’t
done what you need to create a corporation that protects you and your personal
assets (or other corporate assets), and you may not have done enough to
actually transact business in the state or location where you are located. You
have to follow a number of other corporate formalities, too (corporate books,
minutes, resolutions, state registrations/licenses, local
registrations/licenses, etc.) or you will have just wasted your time and money.
As Ken pointed out, most states have annual filing requirements, too.
Retaining a lawyer that specializes in this area, as well as a good
small business accountant, is a must. Otherwise, you’re risking your business
right from the start.
Doug
From: Af [mailto:af-boun...@afmug.com] On Behalf Of Bill Prince
Sent: Thursday, August 06, 2015 8:25 AM
To: af@afmug.com
Subject: Re: [AFMUG] Legalzoom
+1.
You can do an LLC or an S corp for just the filing fee ($25 in CA). The
process is fairly simple; even I can do it.
Doing a DBA is also pretty simple, and only costs $10 or $20 to publish.
bp<part15sbs{at}gmail{dot}com> On 8/6/2015 6:15 AM, Joshaven Mailing Lists
wrote:
You probably don’t need a lawyer to file the LLC. I’ve seen
companies that use one where the lawyer is payed to fill out a form that is
easier to fill out then a 1099ez. Look into getting a LLC form form the state
first… you probably want a lawyer to draw up your articles of organization
though.
Sincerely,
Joshaven Potter
MTCNA, MTCRE, MTCWE, MTCTCE, UACA
Google Hangouts: yourt...@gmail.com
Cell & SMS: 1-517-607-9370
supp...@joshaven.com
On Aug 6, 2015, at 9:10 AM, Ken Hohhof <af...@kwisp.com> wrote:
Find a local lawyer who specializes in small business, you can set
up an LLC or S Corp and do the annual filings with the state for a couple
hundred dollars a year and you will have someone to consult when related stuff
comes up. I use these guys (gals, actually), I’m sure there is something
similar near you.
http://www.cartertani.com/
From: That One Guy /sarcasm
Sent: Wednesday, August 05, 2015 11:10 PM
To: af@afmug.com
Subject: [AFMUG] Legalzoom
Is this outfit worth dealing with for stuff like a dba for a small
business that will probably generate 22 bucks and a bad taste in the mouth.
I assume everybody here did this among other things once upon a
lonesome. It's like 99 to 150 bucks plus the filing fees.
Is a dba something you can muck up on your own?
Douglas A. Hass
Associate
312.786.6502
d...@franczek.com
Franczek Radelet P.C.
300 South Wacker Drive
Suite 3400
Chicago, IL 60606
312.986.0300 - Main
312.986.9192 - Fax
www.franczek.com
www.wagehourinsights.com
Connect with me:
Circular 230 Disclosure: Under requirements imposed by the Internal
Revenue Service, we inform you that, unless specifically stated otherwise, any
federal tax advice contained in this communication (including any attachments)
is not intended or written to be used, and cannot be used, for the purposes of
(i) avoiding penalties under the Internal Revenue Code or (ii) promoting,
marketing or recommending to another party any transaction or tax-related
matter herein.
------------------------------------------------------------------------
For more information about Franczek Radelet P.C., please visit
franczek.com. The information contained in this e-mail message or any
attachment may be confidential and/or privileged, and is intended only for the
use of the named recipient. If you are not the named recipient of this message,
you are hereby notified that any dissemination, distribution, or copying of
this message or any attachment thereto, is strictly prohibited. If you have
received this message in error, please contact the sender and delete all
copies.
------------------------------------------------------------------------
Franczek Radelet is committed to sustainability - please consider the
environment before printing this email
--
If you only see yourself as part of the team but you don't see your team as
part of yourself you have already failed as part of the team.
--
If you only see yourself as part of the team but you don't see your team as
part of yourself you have already failed as part of the team.
