On Feb 10, 2010, at 7:08 AM, Ken Aspeslagh wrote: > For a single member, you're fine with a sole proprietorship. > > If you add a partner down the road, it's recommended to turn it into > an LLC. The main thing here is that the LLC operating agreement that > you create spells out the legal relationship between you and your > partner and sets rules should unexpected things ever happen. Starting > the LLC is as easy as drafting an operating agreement and filling out > a form (and paying the fee). In Massachusetts, the form is online and > costs $500 annually! Ouch.
OTOH, in Colorado filing an annual report $10 if you file online ($100 if you file on paper).
