Re: Incorporate, LLC, or ???
Your example details criminal activity which almost always pierces the veil between company and individual, the type of entity is irrelevant. It's certain that were he a sole owner corporation, the same would've happened. If your intent is to break the law with your enterprise you shouldn't bother organizing, because it's irrelevant. Also, it's likely that to guarantee a loan the sole owner of a corporation would have to guarantee personal assets when signing for the loan. Because the parties are so closely related (owner and corporation) it is unlikely a bank would settle for less. In the case of an LLC, when an/the owner is asked to personally sign, it's the act of personally signing for the loan that defines what entity is actually responsible in the event of a default. Your example isn't sufficiently demonstrative of the reasons not to organize under a different entity type. I will say, as a comment on this conversation that LLC's are relatively untested. There's not a large body of case law built and what information is out there is largely legal opinion. Until that opinion has been tested in court, you're in a grey area. The idea behind organizing behind any entity type is to limit some (not all!) of your personal liability. Decisions about how to organize your business should be discussed with your accountant and/or your attorney. On Mon, Feb 23, 2009 at 10:20 AM, Webster wrote: >*From:* David Lum [mailto:david@nwea.org] > *Subject:* RE: Incorporate, LLC, or ??? > > > > You sure about the lawsuit thing? > > > > Absolutely. > > > > Additionally, an LLC separates business assets from personal assets – if > your LLC goes bankrupt, the creditors can't get anything you've never used > as part of your business. > > > > Show me one financial institution that will loan a single member LLC money > without the member being asked to sign personally to guarantee the loan. > > > > Has anyone here been sued over IT stuff? > > > > Yes. I had a friend who was a single member LLC. He was doing very > high-end graphics and video production for a well known cable channel (that > I am sure Shook would watch during hunting season). He was caught using > their very high-end printers to print stuff the Secret Service found and > traced. The Secret Service got him and the customer sued him personally > even though he was doing work as his LLC. He lost his house, car, computer > equipment (to the Secret Service) and 5 years of his life. Being an LLC did > nothing to protect him. > > > > Moral of the story: don't print green stuff from copy machines, laser > printers or high-end ink-jets. All that equipment is traceable thru dots > printed on every page. > > > > > > Webster > > > > > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
> -Original Message- > From: Jon D [mailto:rekcahp...@gmail.com] > Subject: Re: Incorporate, LLC, or ??? > > Anyone know how to go about operating under more than 1 name? > Say if you wanted 'Jons IT Consulting' AND 'Jons Network Hardware'. > Do you just need 2 DBAs and operate as 1 business, or do you HAVE to > keep everything seperate and operate as 2 businesses? If you use your personal name in your business name, in most municipalities, you do not have to file Fictitious Name Certificates to operate the DBAs. If the DBAs do not contain your name then the Fictitious Name paperwork has to be filed (that is what allows someone trying to sue you or find you to, well, find you). I would just use DBAs and file the FNCs with the courthouse. Much cheaper than incorporating each entity. That is what hotel and restaurant franchises do. i.e Carl Webster Inc. d/b/a InFront Restaurant #123, Carl Webster Inc. d/b/a InFront Restaurant #234. Webster (before getting drawn into computers I was studying to get the Gold Medal on the CPA exam) ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
From: Carl Houseman [mailto:c.house...@gmail.com] Subject: RE: Incorporate, LLC, or ??? Wow. How can someone smart enough to do that kind of work be dumb enough to think they wouldn't be caught? Or poor enough they need to attempt it? That is what I don't understand. His mother and step-father are multi-multi-millionaires. But money can't keep you away from the Secret Service. Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
Ah. I didn't know about the loan, never had a need to get one for my LLC because I only pay as I can afford. I'm guessing he was doing something illegal? Moral of the story: Don't be an idiot. I may be naive, but I find it hard to believe that if you're *really* doing the right things that the odds are *really* slim. Kind of like a fist fight, they're avoidable unless you have really really bad luck. David Lum // SYSTEMS ENGINEER NORTHWEST EVALUATION ASSOCIATION (Desk) 971.222.1025 // (Cell) 503.267.9764 From: Webster [mailto:carlwebs...@gmail.com] Sent: Monday, February 23, 2009 7:21 AM To: NT System Admin Issues Subject: RE: Incorporate, LLC, or ??? From: David Lum [mailto:david....@nwea.org] Subject: RE: Incorporate, LLC, or ??? You sure about the lawsuit thing? Absolutely. Additionally, an LLC separates business assets from personal assets - if your LLC goes bankrupt, the creditors can't get anything you've never used as part of your business. Show me one financial institution that will loan a single member LLC money without the member being asked to sign personally to guarantee the loan. Has anyone here been sued over IT stuff? Yes. I had a friend who was a single member LLC. He was doing very high-end graphics and video production for a well known cable channel (that I am sure Shook would watch during hunting season). He was caught using their very high-end printers to print stuff the Secret Service found and traced. The Secret Service got him and the customer sued him personally even though he was doing work as his LLC. He lost his house, car, computer equipment (to the Secret Service) and 5 years of his life. Being an LLC did nothing to protect him. Moral of the story: don't print green stuff from copy machines, laser printers or high-end ink-jets. All that equipment is traceable thru dots printed on every page. Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
Wow. How can someone smart enough to do that kind of work be dumb enough to think they wouldn't be caught? Or poor enough they need to attempt it? Carl From: Webster [mailto:carlwebs...@gmail.com] Sent: Monday, February 23, 2009 10:21 AM To: NT System Admin Issues Subject: RE: Incorporate, LLC, or ??? From: David Lum [mailto:david@nwea.org] Subject: RE: Incorporate, LLC, or ??? You sure about the lawsuit thing? Absolutely. Additionally, an LLC separates business assets from personal assets - if your LLC goes bankrupt, the creditors can't get anything you've never used as part of your business. Show me one financial institution that will loan a single member LLC money without the member being asked to sign personally to guarantee the loan. Has anyone here been sued over IT stuff? Yes. I had a friend who was a single member LLC. He was doing very high-end graphics and video production for a well known cable channel (that I am sure Shook would watch during hunting season). He was caught using their very high-end printers to print stuff the Secret Service found and traced. The Secret Service got him and the customer sued him personally even though he was doing work as his LLC. He lost his house, car, computer equipment (to the Secret Service) and 5 years of his life. Being an LLC did nothing to protect him. Moral of the story: don't print green stuff from copy machines, laser printers or high-end ink-jets. All that equipment is traceable thru dots printed on every page. Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
Re: Incorporate, LLC, or ???
Anyone know how to go about operating under more than 1 name? Say if you wanted 'Jons IT Consulting' AND 'Jons Network Hardware'. Do you just need 2 DBAs and operate as 1 business, or do you HAVE to keep everything seperate and operate as 2 businesses? On Fri, Feb 20, 2009 at 4:45 PM, Michael B. Smith wrote: > You can be an LLC and a sole-proprieter. > > Both my accountant and my lawyer advised me to become an LLC. > > While I do have a (usually) silent partner, the advantages of incorporating > vs. the disadvantages made it clear that incorporating could wait until (if) > we decided to bring on employees (as opposed to subcontractors). > > -Original Message- > From: Angus Scott-Fleming [mailto:angu...@geoapps.com] > Sent: Friday, February 20, 2009 4:15 PM > To: NT System Admin Issues > Subject: OT: Incorporate, LLC, or ??? > > How many of the consulting types here on the list are incorporated, how many > of > you are LLCs, and how many are just sole-proprietors or members of a > partnership? If you're incorporated, are you an S-corp or a C-corp, and > why? > Feel free to answer off-list, I'll tally results and post the answer later. > > > Don't know how many of you might be interested in this, but for the next > couple > of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is > offering LLCs and incorporation services free. See this website for more > info: > >Incorporate Online, Incorporation Services, LLC, Trademark >http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free > > Angus > > P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the > subject line so I can anti-spam-proof the answers ;-) > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
From: David Lum [mailto:david@nwea.org] Subject: RE: Incorporate, LLC, or ??? You sure about the lawsuit thing? Absolutely. Additionally, an LLC separates business assets from personal assets - if your LLC goes bankrupt, the creditors can't get anything you've never used as part of your business. Show me one financial institution that will loan a single member LLC money without the member being asked to sign personally to guarantee the loan. Has anyone here been sued over IT stuff? Yes. I had a friend who was a single member LLC. He was doing very high-end graphics and video production for a well known cable channel (that I am sure Shook would watch during hunting season). He was caught using their very high-end printers to print stuff the Secret Service found and traced. The Secret Service got him and the customer sued him personally even though he was doing work as his LLC. He lost his house, car, computer equipment (to the Secret Service) and 5 years of his life. Being an LLC did nothing to protect him. Moral of the story: don't print green stuff from copy machines, laser printers or high-end ink-jets. All that equipment is traceable thru dots printed on every page. Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
You sure about the lawsuit thing? "In contrast to corporate law, which allows shareholders and officers to be individually sued if the corporate formalities are not followed, the LLC law specifically bars a lawsuit against a member for the liabilities of the LLC" http://www.rjmintz.com/appch6.html Additionally, an LLC separates business assets from personal assets - if your LLC goes bankrupt, the creditors can't get anything you've never used as part of your business. "For those troubled businesses that operate through an asset protection vehicle like an LLC, the debts and obligations of the business are those of the limited liability company and not the business owners personally" http://thellcexpert.com/llcanswers/ I was a sole proprietor for six years, then got "big" enough to where having an LLC makes sense. At $50/year in Oregon, it's cheap. Also in Oregon, taxes are handled the same for a single owner LLC and a Sole Proprietorship. Has anyone here been sued over IT stuff? I can't imagine a scenario where an IT shop would get successfully sued if they were following best practices and making an honest effort on things. For damages there is insurance, which is also really cheap at $500/year. Less than $600 annually to protect your business is cheap! One thing I love about being an IT shop - overhead is really really cheap! LLC is the way to go if it's just you. David Lum // SYSTEMS ENGINEER NORTHWEST EVALUATION ASSOCIATION (Desk) 971.222.1025 // (Cell) 503.267.9764 From: Webster [mailto:carlwebs...@gmail.com] Sent: Saturday, February 21, 2009 11:27 AM To: NT System Admin Issues Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? At least in Missouri, when you become an LLC, your personal assets are separated from your LLC assets and aren't legally available for suit actions. That's the reason I did it. If you personally did the work and screwed up, I can sue you personally. LLC or not, I can come get you and your stuff. The LLC doesn't do the work, you do. A good and or aggressive lawyer can get your personal stuff regardless of LLC, Sub Chapter S or C Corp status. Webster ____ From: Webster [mailto:carlwebs...@gmail.com] Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? My accountant tells me the deductions are the same/similar as LLC as sole proprietorship are same/similar in Missouri. So what is the point of going the LLC route? If you take out a loan, you sign personally to guarantee the loan. If you take out a lease, you will sign personally to guarantee the lease. Unless you have a lot of assets to protect, what is the point of becoming an LLC? If you don't do all your LLC paperwork and record keeping in order, there is no corporate veil to cover your ASSets. Seems like you are throwing money to lawyers and accountants when you should be buying more RAM, more storage and faster processors! :) Webster ________ From: Webster [mailto:carlwebs...@gmail.com] Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Can you give me one example on what you can deduct as an LLC that you can't deduct as a Sole Prop.? ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
Re: OT: Incorporate, LLC, or ???
Has anyone gone through the intuit "free" incorporation? Is there a hook somewhere down there where they'll want to be paid? Linda Angus Scott-Fleming wrote: How many of the consulting types here on the list are incorporated, how many of you are LLCs, and how many are just sole-proprietors or members of a partnership? If you're incorporated, are you an S-corp or a C-corp, and why? Feel free to answer off-list, I'll tally results and post the answer later. Don't know how many of you might be interested in this, but for the next couple of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is offering LLCs and incorporation services free. See this website for more info: Incorporate Online, Incorporation Services, LLC, Trademark http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free Angus P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the subject line so I can anti-spam-proof the answers ;-) ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
Re: OT: Incorporate, LLC, or ???
I would imagine the benefits/trade-offs would vary from state to state. You're probably be better off checking with your lawer / accountant to understand the implications of your choices. That said, couple of years ago I was signing on for a year long contract and inquired about moving away from SP. A friend of mine who's a lawer looked into it and for GA saw no reason for me to move away from SP, neither from tax/financial perspective, nor from liability perspective. But I would also imagine not all contract work is created equal, and professional advice may be quite valuable. On Fri, Feb 20, 2009 at 4:14 PM, Angus Scott-Fleming wrote: > How many of the consulting types here on the list are incorporated, how > many of > you are LLCs, and how many are just sole-proprietors or members of a > partnership? If you're incorporated, are you an S-corp or a C-corp, and > why? > Feel free to answer off-list, I'll tally results and post the answer later. > > Don't know how many of you might be interested in this, but for the next > couple > of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is > offering LLCs and incorporation services free. See this website for more > info: > >Incorporate Online, Incorporation Services, LLC, Trademark >http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free > > Angus > > P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the > subject line so I can anti-spam-proof the answers ;-) > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
There is no difference. HOWEVER - burden of proof on a sole proprietorship is higher (at least in VA) than on a LLC. If you get audited, you're better off. If the business gets sued for debt, you're better off. From: Webster [mailto:carlwebs...@gmail.com] Sent: Saturday, February 21, 2009 1:33 PM To: NT System Admin Issues Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Can you give me one example on what you can deduct as an LLC that you can't deduct as a Sole Prop.? Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? At least in Missouri, when you become an LLC, your personal assets are separated from your LLC assets and aren't legally available for suit actions. That's the reason I did it. If you personally did the work and screwed up, I can sue you personally. LLC or not, I can come get you and your stuff. The LLC doesn't do the work, you do. A good and or aggressive lawyer can get your personal stuff regardless of LLC, Sub Chapter S or C Corp status. Webster _ From: Webster [mailto:carlwebs...@gmail.com] Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? My accountant tells me the deductions are the same/similar as LLC as sole proprietorship are same/similar in Missouri. So what is the point of going the LLC route? If you take out a loan, you sign personally to guarantee the loan. If you take out a lease, you will sign personally to guarantee the lease. Unless you have a lot of assets to protect, what is the point of becoming an LLC? If you don't do all your LLC paperwork and record keeping in order, there is no corporate veil to cover your ASSets. Seems like you are throwing money to lawyers and accountants when you should be buying more RAM, more storage and faster processors! J Webster _ From: Webster [mailto:carlwebs...@gmail.com] Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Can you give me one example on what you can deduct as an LLC that you can't deduct as a Sole Prop.? ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
At least in Missouri, when you become an LLC, your personal assets are separated from your LLC assets and aren't legally available for suit actions. That's the reason I did it. Cheers. From: Webster [mailto:carlwebs...@gmail.com] Sent: Saturday, February 21, 2009 1:21 PM To: NT System Admin Issues Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? My accountant tells me the deductions are the same/similar as LLC as sole proprietorship are same/similar in Missouri. So what is the point of going the LLC route? If you take out a loan, you sign personally to guarantee the loan. If you take out a lease, you will sign personally to guarantee the lease. Unless you have a lot of assets to protect, what is the point of becoming an LLC? If you don't do all your LLC paperwork and record keeping in order, there is no corporate veil to cover your ASSets. Seems like you are throwing money to lawyers and accountants when you should be buying more RAM, more storage and faster processors! :-) Webster From: Webster [mailto:carlwebs...@gmail.com] Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Can you give me one example on what you can deduct as an LLC that you can't deduct as a Sole Prop.? ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? My accountant tells me the deductions are the same/similar as LLC as sole proprietorship are same/similar in Missouri. So what is the point of going the LLC route? If you take out a loan, you sign personally to guarantee the loan. If you take out a lease, you will sign personally to guarantee the lease. Unless you have a lot of assets to protect, what is the point of becoming an LLC? If you don't do all your LLC paperwork and record keeping in order, there is no corporate veil to cover your ASSets. Seems like you are throwing money to lawyers and accountants when you should be buying more RAM, more storage and faster processors! J Webster _ From: Webster [mailto:carlwebs...@gmail.com] Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Can you give me one example on what you can deduct as an LLC that you can't deduct as a Sole Prop.? ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
My accountant tells me the deductions are the same/similar as LLC as sole proprietorship are same/similar in Missouri. Cheers. From: Webster [mailto:carlwebs...@gmail.com] Sent: Saturday, February 21, 2009 12:33 PM To: NT System Admin Issues Subject: RE: Incorporate, LLC, or ??? From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Can you give me one example on what you can deduct as an LLC that you can't deduct as a Sole Prop.? Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
From: Stephan Barr [mailto:stephan.b...@bdtechnology.org] On Behalf Of lists Subject: RE: Incorporate, LLC, or ??? LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Can you give me one example on what you can deduct as an LLC that you can't deduct as a Sole Prop.? Webster ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
LLC here. Do it; it's cheap and easy and then you can deduct lot's o stuff. Cheers. From: Jon Harris [mailto:jk.har...@gmail.com] Sent: Saturday, February 21, 2009 12:09 PM To: NT System Admin Issues Subject: Re: Incorporate, LLC, or ??? ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
Re: Incorporate, LLC, or ???
I thought it was easier to do the LLC up front rather than later. That said I still operate as a Sole Proprietor but then I have few plans on bringing on additional help. Jon On Fri, Feb 20, 2009 at 4:45 PM, Michael B. Smith < mich...@theessentialexchange.com> wrote: > You can be an LLC and a sole-proprieter. > > Both my accountant and my lawyer advised me to become an LLC. > > While I do have a (usually) silent partner, the advantages of incorporating > vs. the disadvantages made it clear that incorporating could wait until > (if) > we decided to bring on employees (as opposed to subcontractors). > > -Original Message- > From: Angus Scott-Fleming [mailto:angu...@geoapps.com] > Sent: Friday, February 20, 2009 4:15 PM > To: NT System Admin Issues > Subject: OT: Incorporate, LLC, or ??? > > How many of the consulting types here on the list are incorporated, how > many > of > you are LLCs, and how many are just sole-proprietors or members of a > partnership? If you're incorporated, are you an S-corp or a C-corp, and > why? > Feel free to answer off-list, I'll tally results and post the answer later. > > > Don't know how many of you might be interested in this, but for the next > couple > of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is > offering LLCs and incorporation services free. See this website for more > info: > >Incorporate Online, Incorporation Services, LLC, Trademark >http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free > > Angus > > P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the > subject line so I can anti-spam-proof the answers ;-) > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
Re: OT: Incorporate, LLC, or ???
Currently a sole proprietor but headed for the LLC. I had been thinking about going to LLC and had talked with a lawyer but the cost was higher than I wanted to spend. My accountant also suggested that I get there sooner rather than later and suggested that using an online mechanism was the wayto go. He gave me www.legalzoom.com as the way several of his oher client went. Ihope to get started on the process next week. I need to get my tax stuff together for the accountant so I'm not late on that issue. On Fri, Feb 20, 2009 at 4:14 PM, Angus Scott-Fleming wrote: > How many of the consulting types here on the list are incorporated, how > many of > you are LLCs, and how many are just sole-proprietors or members of a > partnership? If you're incorporated, are you an S-corp or a C-corp, and > why? > Feel free to answer off-list, I'll tally results and post the answer later. > > Don't know how many of you might be interested in this, but for the next > couple > of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is > offering LLCs and incorporation services free. See this website for more > info: > >Incorporate Online, Incorporation Services, LLC, Trademark >http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free > > Angus > > P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the > subject line so I can anti-spam-proof the answers ;-) > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > -- Len Hammond CSI:Hartland lenhamm...@gmail.com ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
RE: Incorporate, LLC, or ???
You can be an LLC and a sole-proprieter. Both my accountant and my lawyer advised me to become an LLC. While I do have a (usually) silent partner, the advantages of incorporating vs. the disadvantages made it clear that incorporating could wait until (if) we decided to bring on employees (as opposed to subcontractors). -Original Message- From: Angus Scott-Fleming [mailto:angu...@geoapps.com] Sent: Friday, February 20, 2009 4:15 PM To: NT System Admin Issues Subject: OT: Incorporate, LLC, or ??? How many of the consulting types here on the list are incorporated, how many of you are LLCs, and how many are just sole-proprietors or members of a partnership? If you're incorporated, are you an S-corp or a C-corp, and why? Feel free to answer off-list, I'll tally results and post the answer later. Don't know how many of you might be interested in this, but for the next couple of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is offering LLCs and incorporation services free. See this website for more info: Incorporate Online, Incorporation Services, LLC, Trademark http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free Angus P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the subject line so I can anti-spam-proof the answers ;-) ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
Re: OT: Incorporate, LLC, or ???
I'm in Canada. I'm incorporated Nationally and in the province I work in. It only cost me $200 CAD online and being incorporated is a requirement of most consulting firms here. Mark On Fri, Feb 20, 2009 at 4:14 PM, Angus Scott-Fleming wrote: > How many of the consulting types here on the list are incorporated, how > many of > you are LLCs, and how many are just sole-proprietors or members of a > partnership? If you're incorporated, are you an S-corp or a C-corp, and > why? > Feel free to answer off-list, I'll tally results and post the answer later. > > Don't know how many of you might be interested in this, but for the next > couple > of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is > offering LLCs and incorporation services free. See this website for more > info: > >Incorporate Online, Incorporation Services, LLC, Trademark >http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free > > Angus > > P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the > subject line so I can anti-spam-proof the answers ;-) > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
OT: Incorporate, LLC, or ???
How many of the consulting types here on the list are incorporated, how many of you are LLCs, and how many are just sole-proprietors or members of a partnership? If you're incorporated, are you an S-corp or a C-corp, and why? Feel free to answer off-list, I'll tally results and post the answer later. Don't know how many of you might be interested in this, but for the next couple of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is offering LLCs and incorporation services free. See this website for more info: Incorporate Online, Incorporation Services, LLC, Trademark http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free Angus P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the subject line so I can anti-spam-proof the answers ;-) ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
