My main purpose is so I can get a bank account in that name and advertise legally with that name, right now I send bills to people with my name. Ive always just put the income on my personal tax returns, but its to a point, even if I still continue to do that in the future, I would like to keep the money in a separate account from my mortgage payment and my nappy headed womans debit card. This isnt retirement money type revenue but my household expenditures need to not be eating into that. I have a couple of cash money guys that occasionally do stuff.
So the gist is, LegalZoom bad? and I should probably do something else anyway? When I used to sell dope, I never had any of these issues, no taxes, no need for a corporation, didnt need to worry about complaints to the BBB, OSHA never checked to make sure I was not exposing my guys to any PBA in the baggies. ....that was a simpler time On the tax ID note I had a tax ID a long time ago, this was when tiger direct gave business discounts, so I needed to provide that. I never had any debt to the state but they did hound me for that quarterly, for the zero dollars I owed them, I got percentage based penalties a couple of times of zero dollars. I finally called and talked to a nice lady about it, she took care of it but she told my I actually needed to cut a zero dollar check in the future. I cancelled my tax ID. On Thu, Aug 6, 2015 at 11:48 AM, Sean Heskett <[email protected]> wrote: > i am not a lawyer but... > > i'd recommend an LLC instead of a sole proprietorship. the LLC can > protect your personal assets from someone who goes after the business. > > but again i am not a lawyer ;-) > > > > On Thu, Aug 6, 2015 at 10:12 AM, That One Guy /sarcasm < > [email protected]> wrote: > >> 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 <[email protected]> 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:[email protected] <[email protected]>] *On >>> Behalf Of *Bill Prince >>> *Sent:* Thursday, August 06, 2015 8:25 AM >>> *To:* [email protected] >>> *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: [email protected] >>> Cell & SMS: 1-517-607-9370 >>> >>> [email protected] >>> >>> >>> >>> >>> >>> >>> >>> On Aug 6, 2015, at 9:10 AM, Ken Hohhof <[email protected]> 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/>http://www.cartertani.com/ >>> >>> >>> >>> >>> >>> *From:* That One Guy /sarcasm <[email protected]> >>> >>> *Sent:* Wednesday, August 05, 2015 11:10 PM >>> >>> *To:* [email protected] >>> >>> *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 >>> [email protected] >>> >>> *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: >>> [image: linkedin] <http://linkedin.com/in/douglashass> [image: twitter] >>> <https://twitter.com/WageHourInsight> >>> *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.
