ooh good point about the impact on other clients. If it makes things a lot more complicated for them it's really a no-go. I will take this into account.
thanks! Rob On Feb 10, 4:27 pm, Jan Triplett <[email protected]> wrote: > I know we are beating up on this issue that we have already discussed > in detail. > > I just have to ask if you have considered the administrative and tax > implications of having an LLC. It has an impact on your other clients > as well since you will have to bring them up to speed. They may have > to change their records, how you are reimbursed and the documents they > send you — assuming you have been a sole proprietor. They may not be > too happy about this. Creating more paperwork seldom makes people your > friend. > > You will have to change your banking documents also - checks, etc. - > at least usually you do. > > If you have to go to court, there is not as much case law to protect > you as there is in other legal formations. You have other > responsibilities to protect your right to call yourself an LLC > depending on which election you take. Courts have been known to pierce > the corporate veil of LLCs just as they have with corporations. > > I promise I will not say another word. > > This is just not something to enter into lightly. > > -- Here's to your success! > > Jan Triplett > COO Business Success Center > City of Austin Certified Green Business > Twitter > Linkedinhttp://ownersview.comhttp://runitright.biz > > On Feb 10, 2010, at 4:07 PM, [email protected] wrote: > > > I am working with a large client who can only make payments to an LLC. > > It's not a legal > > requirement, it's *their* requirement. I have no idea why. > > > That's the motivation. Not to get paid faster, liability, etc. If it's > > easy > > to do and not much of a headache, I don't have an issue doing it. > > > On Feb 10, 2:28 pm, Art Thompson <[email protected]> wrote: > >> There's no legal requirement to only do business with corporate > >> entities, > >> it's usually something that comes from the accounting dept. Logical > >> Things > >> operates as an S-Corp and gets paid REAL FAST (within 30 days or > >> less with > >> the majority of my clients). Basically, it's less paperwork for > >> them when > >> you're just another vendor as opposed to a freelancer, since they > >> potentially need to report how much they paid you, etc.. > > >> Oops, I'm contributing to the beating of this topic again! > > >> Art Thompson, Jr. > >> Logical Things - Web, Design & Marketing Solutions > >> 917-609-1158 [m] > >> 512-692-9865 [w]www.LogicalThings.com > >> twitter.com/LogicalThingswww.linkedin.com/in/LogicalThings > > >> On Wed, Feb 10, 2010 at 2:09 PM, [email protected] < > > >> [email protected]> wrote: > >>> For some bigger clients, it might be a legal requirement. Not sure > >>> 'zactly why, but it *does* happen. > > >>> On Feb 10, 12:48 pm, Aaron Ortega <[email protected]> wrote: > >>>> Like a legitimacy thing? > > >>>> Sent from my iPhone > > >>>> On Feb 10, 2010, at 12:46 PM, "[email protected]" < > >>> [email protected] > > >>>> > wrote: > >>>>> The reason is that some clients need it to *pay* you. Strange, I > >>>>> know. > > >>>>> On Feb 10, 10:02 am, Jan Triplett <[email protected]> wrote: > >>>>>> Why are you doing this? The reason I asked is that you can > >>>>>> always > >>>>>> move up the legal food chain moving back down is tough. There > >>>>>> are a > >>>>>> lot of reasons not to do this. I am not a lawyer nor to I > >>>>>> pretend to > >>>>>> be on on TV or elsewhere but my experience with those who > >>>>>> elected LLC > >>>>>> when not necessary is a mixed bag. > > >>>>>> Just a thought worth considering. > > >>>>>> -- Here's to your success! > > >>>>>> Jan Triplett > >>>>>> COO Business Success Center > >>>>>> City of Austin Certified Green Business > >>>>>> Twitter > >>>>>> Linkedinhttp://ownersview.comhttp://runitright.biz > > >>>>>> On Feb 10, 2010, at 8:45 AM, [email protected] wrote: > > >>>>>>> I know some of you out there have probably done the same. Any > >>>>>>> advice? > >>>>>>> Would love to hear! > > >>>>>>> Thanks, > > >>>>>>> Rob > > >>>>>>> -- > >>>>>>> Our Web site:http://www.RefreshAustin.org/ > > >>>>>>> You received this message because you are subscribed to the > >>>>>>> Google > >>>>>>> Groups "Refresh Austin" group. > > >>>>>>> [ Posting ] > >>>>>>> To post to this group, send email to [email protected] > >>>>>>> Job-related postings should followhttp://tr.im/ > >>>>>>> refreshaustinjobspolicy > >>>>>>> We do not accept job posts from recruiters. > > >>>>>>> [ Unsubscribe ] > >>>>>>> To unsubscribe from this group, send email to > >>> [email protected]<refresh-austin%[email protected] > > >>>>>>> [ More Info ] > >>>>>>> For more options, visit this group athttp://groups.google.com/ > >>>>>>> group/Refresh-Austin > > >>>>> -- > >>>>> Our Web site:http://www.RefreshAustin.org/ > > >>>>> You received this message because you are subscribed to the Google > >>>>> Groups "Refresh Austin" group. > > >>>>> [ Posting ] > >>>>> To post to this group, send email to [email protected] > >>>>> Job-related postings should followhttp://tr.im/ > >>>>> refreshaustinjobspolicy > >>>>> We do not accept job posts from recruiters. > > >>>>> [ Unsubscribe ] > >>>>> To unsubscribe from this group, send email to > >>> [email protected]<refresh-austin%[email protected] > > >>>>> [ More Info ] > >>>>> For more options, visit this group athttp:// > >>> groups.google.com/group/Refresh-Austin > > >>> -- > >>> Our Web site:http://www.RefreshAustin.org/ > > >>> You received this message because you are subscribed to the Google > >>> Groups > >>> "Refresh Austin" group. > > >>> [ Posting ] > >>> To post to this group, send email to [email protected] > >>> Job-related postings should followhttp://tr.im/refreshaustinjobspolicy > >>> We do not accept job posts from recruiters. > > >>> [ Unsubscribe ] > >>> To unsubscribe from this group, send email to > >>> [email protected]<refresh-austin%[email protected] > > >>> [ More Info ] > >>> For more options, visit this group at > >>>http://groups.google.com/group/Refresh-Austin > > > -- > > Our Web site:http://www.RefreshAustin.org/ > > > You received this message because you are subscribed to the Google > > Groups "Refresh Austin" group. > > > [ Posting ] > > To post to this group, send email to [email protected] > > Job-related postings should followhttp://tr.im/ > > refreshaustinjobspolicy > > We do not accept job posts from recruiters. > > > [ Unsubscribe ] > > To unsubscribe from this group, send email to > > [email protected] > > > [ More Info ] > > For more options, visit this group > > athttp://groups.google.com/group/Refresh-Austin -- Our Web site: http://www.RefreshAustin.org/ You received this message because you are subscribed to the Google Groups "Refresh Austin" group. 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