 WOT - Going legit? Advise for doing a sole proprietorship, Why does it cost so damn much? |
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| Dr Evil |
 Jun 23 2009, 03:28 PM
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Send me your transmission!  Group: Members Posts: 23,002 Joined: 21-November 03 From: Loveland, OH 45140 Member No.: 1,372 Region Association: MidAtlantic Region 
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I am looking into doing a sole proprietorship and the cost to start one is more than I expected (about $400). Anyone have resources to offer or info?
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| VaccaRabite |
Jun 23 2009, 04:56 PM
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En Garde! Group: Admin Posts: 13,465 Joined: 15-December 03 From: Dallastown, PA Member No.: 1,435 Region Association: MidAtlantic Region |
They said it before I could.
You need to set your business as an LLC, not a S.Prop. There is a TON of added protection. However, unless you are worried about an audit, I'd consider not doing this at all and continuing to work under the table. If you were not going into residency in a few months, I'd not suggest this. Zach |
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Posts in this topic
Dr Evil WOT - Going legit? Advise for doing a sole proprietorship Jun 23 2009, 03:28 PM
DBCooper
I am looking into doing a sole proprietorship and... Jun 23 2009, 03:39 PM Dr Evil I went to legal zoom to see what it would cost. Th... Jun 23 2009, 04:03 PM banger You should be able to download the forms and file ... Jun 23 2009, 04:04 PM Dr Evil Ya, I think the DBA fee was one of them as well. I... Jun 23 2009, 04:06 PM r_towle The legal status of a sole proprietor is useless.
... Jun 23 2009, 04:33 PM blitZ It varies for each state. In GA, I have created t... Jun 23 2009, 04:35 PM r_towle Ah yes...taxes.
A C corp provides ZERO protection... Jun 23 2009, 04:46 PM BarberDave :trophy:
Mike :
Check out a LLC.... Jun 23 2009, 04:46 PM Dr Evil I would definitely rather do an LLC, but I was fin... Jun 23 2009, 04:55 PM byndbad914 keep in mind the "corporate veil" is eas... Jun 23 2009, 05:45 PM GeorgeRud Unfortunately, this all varies from state to state... Jun 23 2009, 08:55 PM dflesburg S corp is an IRS only status.
In ohio the fee for... Jun 23 2009, 09:21 PM
siverson > A C corp provides ZERO protection for a 100% ... Jun 24 2009, 01:40 PM |
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