In Oregon the filing costs is nothing to incorporate. Of course a lawyer will charge what they will to fill out the forms.
One thing the sole proprietor is missing out on not being an s or c corp is the tax benefit associated with social security. Of course thee is more work to be a corporation, but there is also a tax savings as well. Travis Johnson wrote: > Huh? We incorporated in 1997 and I think total cost was less than $500. > How do you ever expect to get away from having to do personal guarantees > if you don't operate like a "real" business? > > Travis > Microserv > > Marlon K. Schafer wrote: >> One more thing. I don't agree with your definitions per se'. >> >> We all have businesses. A proprietorship is a TYPE of business. We are a >> proprietorship because I'm not incorporated (incorporating is over rated and >> expensive to do right). I'm still a business though.... >> >> http://en.wikipedia.org/wiki/Business >> >> http://en.wikipedia.org/wiki/Sole_proprietorship >> >> http://en.wikipedia.org/wiki/Asset >> >> marlon >> >> ----- Original Message ----- >> From: "Charles Wu" <[email protected]> >> To: "WISPA General List" <[email protected]> >> Sent: Sunday, May 24, 2009 10:03 PM >> Subject: Re: [WISPA] Quesiton on Funding / Financing / Capital Availability >> >> >> >>> Hi Marlon, >>> >>> I think it's appropriate to make a few definitions and distinctions on >>> things so everyone is on the same page >>> >>> Specifically, for purposes of making my point, I define >>> >>> Proprietorship: A commercial activity engaged in as a means of livelihood >>> or profit >>> >>> Business: A unique system of processes and procedures that documents and >>> codifies a specific method of proprietorship >>> >>> Asset: cash, inventory, equipment, infrastructure, customer contracts, >>> brand, marketing, etc >>> >>> >>>> Grin. Sure it is. That's what a LOT of small business people do. It's >>>> also kind of common for doctors, dentists, plumbers etc.... Sometimes it >>>> sucks, >>>> >>> Now, everything you stated above is just a method of proprietorship, and >>> in most cases, from a sale perspective, a proprietorships isn't worth >>> anything more than the depreciated value of its assets >>> >>> Say you were buying out the local plumber's office -- what would he have >>> of value? His truck? Some old tools? A customer list / brand perhaps >>> (but the reality of things is that customers do business with him because >>> of him, and if you bought him out and he moved out of town, those >>> customers would probably go back to being on the open market) >>> >>> Now, in comparing the WISP 'proprietorship' vs. the plumber, it's worth >>> noting that the WISP is somewhat unique in that it results in the creation >>> of an independent asset that holds onto a lot of value (e.g., the >>> recurring revenue and everything that goes to support it); in many ways, >>> this is akin to real-estate >>> >>> >>>> Not >>>> everyone out there even wants to get that big (if I had a nickle for every >>>> business owner that's told me the most fun they had and the most money >>>> they >>>> made was when it was just them, no employees......) But then again, >>>> that's >>>> one of the really cool things about this buisness, it's big enough and >>>> flexible enough to allow many different business models and operator >>>> dreams >>>> to bear fuit! >>>> >>> True...and you have the added benefit of building an asset that has value >>> (be happy we're not plumbers =) >>> >>> -Charles >>> >>> >>> >>> >>> >>> -------------------------------------------------------------------------------- >>> WISPA Wants You! Join today! >>> http://signup.wispa.org/ >>> -------------------------------------------------------------------------------- >>> >>> WISPA Wireless List: [email protected] >>> >>> Subscribe/Unsubscribe: >>> http://lists.wispa.org/mailman/listinfo/wireless >>> >>> Archives: http://lists.wispa.org/pipermail/wireless/ >>> >> >> >> >> -------------------------------------------------------------------------------- >> WISPA Wants You! 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