I am in Florida, if that helps. Which is better, Incorporating, LLC, or something else? How do you go about it? I have a small company that started as a home business, but now I am needing to hire employees so I need to kick it off right. Most of my business is online, but I do have some local clients, also. Its www.AwesomeWriter.com if that helps..--Answer1:If your business is smaller/more personal with just you as an owner, I recommend the LLC route. If youre going to have more than 10 people or so, or a group management system, I recommend just incorporating your business. The benefits are similar.A business/corporate lawyer can get you started. Yellow Pages time.On a side note, I am curious as to what your business will be doing, with that e-mail address..--Answer2:You do not need any of the above, simply start off as a sole proprietor, its cheap and easy. The only real advantage to a LLC or becoming a Corp.is liability protection which it does not sound to me like you have to much to worry about right now. You can always do it later when you start to grow.I have owned and operated my own companies for 35 years, keep it simply. Hiring employees has nothing to do with LLCs or Corporations. Simply apply for a business license at the city hall you do business in, usually cost under $75 and open your own business checking account, order checks that you can pay employees with, the bank will help you..--Answer3:Im in Wisconsin. Im also starting a new biz. I met with many advisers and they all recommended LLC. Sole Proprietorship vs LLC (incorp..etc)With Sole Proprietorship, if you screwed up (financially).. your personal record will be ruined (The End) With LLC, it will be your company that will take the blame, not you! You can always come back and start an another company! LLC cost about $130 one time fee. Im not sure if theres a yearly fee. If there is, shouldnt be more then $30 per year (check). When it comes to tax filing, LLC would give you less trouble (easier)!Some states require you to write agreement, which is your companys rules and regulations. (quite a work!) If you open a business checking account with LLC status. they will ask for it too.Good luck!
0 comments:
Post a Comment