We've got a good accountant and a good lawyer.

Being a corp has it's down sides too.

We're probably not far from it though. When the time is right we'll jump on the band wagon. When you sell, if you are a corp, you take a huge hit.

As for hiding behind a corporate veil, what's the exposure? If you really screw up they go after you personally anyhow. And we're insured quite well.

Marlon
(509) 982-2181                                   Equipment sales
(408) 907-6910 (Vonage)                    Consulting services
42846865 (icq)                                    And I run my own wisp!
64.146.146.12 (net meeting)
www.odessaoffice.com/wireless
www.odessaoffice.com/marlon/cam



----- Original Message ----- From: "Peter R." <[EMAIL PROTECTED]>
To: "WISPA General List" <wireless@wispa.org>
Sent: Wednesday, May 10, 2006 11:23 AM
Subject: Re: [WISPA] gas prices


You run your business as a sole proprietor?
That means you have no asset protection - and you can only take advantage of about 25% of the tax code.
S Corp or LLC allows you both asset protection and tax breaks.
Marlon, spend the $1000 to have a corporate attorney get you incorporated and get your assets allocated correctly.
One lawsuit and you lose everything - personal and business.

Regards,

Peter

Marlon K. Schafer (509) 982-2181 wrote:

We're a sole proprietor so all of the gas runs under the same bill. I filled the boat up once. Melissa drives a Suburban to work (4 miles or so) and we usually take that on out of town trips (much safer than the car) and I did fill up two Jerry cans for the dirt bikes.

--
WISPA Wireless List: wireless@wispa.org

Subscribe/Unsubscribe:
http://lists.wispa.org/mailman/listinfo/wireless

Archives: http://lists.wispa.org/pipermail/wireless/
.

--
WISPA Wireless List: wireless@wispa.org

Subscribe/Unsubscribe:
http://lists.wispa.org/mailman/listinfo/wireless

Archives: http://lists.wispa.org/pipermail/wireless/

Reply via email to