I would suggest you talk to your CPA. Mine looked at my specific situation and plans and suggestion what made sense for me.
- Matt On Thu, Jan 21, 2010 at 6:10 PM, Neal Clark <[email protected]> wrote: > thanks for the replies everyone! > > i'm not concerned with getting loans in my business-to-be's name, at > least, not in the foreseeable future. i read some of the replies as > speaking to that. > > i found the quote from kevin's loan officer friend particularly > interesting. i'm not planning on buying a house in the near future > either, but it's good to have a vague guideline in mind. > > anyway, i'm doing a bunch of research still. i haven't really decided > to go with an s-corp or an LLC. the prospect of being legitimately > employed in the eyes of a rental agency is quite appealing, but it's > definitely not going to be the only thing i base my decision on. > > On Thu, Jan 21, 2010 at 5:12 PM, Aaron Moon <[email protected]> wrote: > > I have had my business setup as an LLC for the past 2 years, I know it's > not > > an S-Corp, but the business is still it's own entity. When trying to get > > loans, etc. they still look at my credit. I have had a bank account for > the > > business for the same amount of time, but overall if your business hasn't > > been up and running for enough time to establish any sort of credit or > sign > > of stability it doesn't really matter. > > Aaron > > > > On Jan 21, 2010, at 3:07 PM, Neal Clark wrote: > > > > hi all, > > > > hope nobody minds me drudging up an old thread. i have a question i > > hope someone with experience can field. > > > > when i was self-employed in the past as a sole proprietor, i found > > that being "self employed" was a tremendous pain in the ass for... > > getting an apartment, getting a car loan, etc. even though i was > > making pretty good money, i needed cosigners for those things, which i > > thought was ridiculous. > > > > if i am the sole owner and sole employee of an s-corp, am i still > > legally "self-employed"? specifically, would i be able to honestly > > represent myself to a bank or a landlord as being employed by a > > company (i.e. mine)? > > > > any thoughts would be appreciated! > > > > -neal > > > > On Tue, Jul 7, 2009 at 11:53 AM, Allan <[email protected]> > wrote: > > > > The SDSIC has a series of presentations/meetings on starting/forming > > > > and funding companies: > > > > http://www.sdsic.org/events.aspx > > > > Two this week; one specifically addresses the issue of incorporation. > > > > --Allan > > > > --~--~---------~--~----~------------~-------~--~----~ > > > > SD Ruby mailing list > > > > [email protected] > > > > http://groups.google.com/group/sdruby > > > > -~----------~----~----~----~------~----~------~--~--- > > > > > > > > -- > > SD Ruby mailing list > > [email protected] > > http://groups.google.com/group/sdruby > > > > Regards, > > Aaron Moon > > RocketForce.net > > [email protected] > > 619.933.7218 > > > > -- > > SD Ruby mailing list > > [email protected] > > http://groups.google.com/group/sdruby > > -- > SD Ruby mailing list > [email protected] > http://groups.google.com/group/sdruby > -- SD Ruby mailing list [email protected] http://groups.google.com/group/sdruby
