Don’t they promote the secretaries of state and governors to the “big house” in your state?
From: That One Guy /sarcasm Sent: Thursday, August 06, 2015 12:23 PM To: [email protected] Subject: Re: [AFMUG] Legalzoom Ours is through the Secretary of State. I think every state department here has additional costs added on for the Illinois Governor Retirement Commissary and Soap Fund. On Thu, Aug 6, 2015 at 1:19 PM, Chuck McCown <[email protected]> wrote: Just do a quick google of your state’s corporation regulatory agency. For example if you google DBA in Utah I am pretty sure it will take you right to the form where you do it yourself. I would always run stuff through an LLC or S corp. Provides some protection against lawsuits and bankruptcy types of things. Also makes it much easier to do the bookkeeping to get the maximum tax advantage of expenses. From: That One Guy /sarcasm Sent: Thursday, August 06, 2015 11:10 AM To: [email protected] Subject: Re: [AFMUG] Legalzoom 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]] 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/ From: That One Guy /sarcasm 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. 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