You're kidding right? You have a good accountant and a good lawyer yet
neither has strongly recommended you have some sort of liability
protection? Insurance isn't enough; spend the couple of hundred dollars
it takes to incorporate.
-Matt
Marlon K. Schafer (509) 982-2181 wrote:
We've got a good accountant and a good lawyer.
Being a corp has it's down sides too.
We're probably not far from it though. When the time is right we'll
jump on the band wagon. When you sell, if you are a corp, you take a
huge hit.
As for hiding behind a corporate veil, what's the exposure? If you
really screw up they go after you personally anyhow. And we're
insured quite well.
Marlon
(509) 982-2181 Equipment sales
(408) 907-6910 (Vonage) Consulting services
42846865 (icq) And I run my own wisp!
64.146.146.12 (net meeting)
www.odessaoffice.com/wireless
www.odessaoffice.com/marlon/cam
----- Original Message ----- From: "Peter R." <[EMAIL PROTECTED]>
To: "WISPA General List" <wireless@wispa.org>
Sent: Wednesday, May 10, 2006 11:23 AM
Subject: Re: [WISPA] gas prices
You run your business as a sole proprietor?
That means you have no asset protection - and you can only take
advantage of about 25% of the tax code.
S Corp or LLC allows you both asset protection and tax breaks.
Marlon, spend the $1000 to have a corporate attorney get you
incorporated and get your assets allocated correctly.
One lawsuit and you lose everything - personal and business.
Regards,
Peter
Marlon K. Schafer (509) 982-2181 wrote:
We're a sole proprietor so all of the gas runs under the same bill.
I filled the boat up once. Melissa drives a Suburban to work (4
miles or so) and we usually take that on out of town trips (much
safer than the car) and I did fill up two Jerry cans for the dirt
bikes.
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