Near Chicago tax Josh Luthman Office: 937-552-2340 Direct: 937-552-2343 1100 Wayne St Suite 1337 Troy, OH 45373 On Aug 6, 2015 2:02 PM, "Jeremy" <[email protected]> wrote:
> Wow...it is like $30 here. > > On Thu, Aug 6, 2015 at 11:52 AM, That One Guy /sarcasm < > [email protected]> wrote: > >> 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 <[email protected]> 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 <[email protected]> >>> *Sent:* Thursday, August 06, 2015 11:12 AM >>> *To:* [email protected] >>> *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 < <[email protected]> >>> [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 [ <[email protected]>mailto:[email protected] >>>> <[email protected]>] *On Behalf Of *Bill Prince >>>> *Sent:* Thursday, August 06, 2015 8:25 AM >>>> *To:* <[email protected]>[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]>[email protected] >>>> Cell & SMS: 1-517-607-9370 >>>> >>>> <[email protected]>[email protected] >>>> >>>> >>>> >>>> >>>> >>>> >>>> >>>> On Aug 6, 2015, at 9:10 AM, Ken Hohhof < <[email protected]> >>>> [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. >> > >
