 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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| GeorgeRud |
Jun 23 2009, 08:55 PM
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Advanced Member Group: Members Posts: 3,725 Joined: 27-July 05 From: Chicagoland Member No.: 4,482 Region Association: Upper MidWest |
Unfortunately, this all varies from state to state as well. I have a S corp for my veterinary office, and am a member in a few LLCs as well. It all seems to make the accountants and lawyers happy, but usually I just see fees appearing from the State of Illinos and Feds all the time.
You may really just want to keep it simple and do as you've been doing. A sales tax number and business license should allow you to get distributor pricing if you meet your supplier's minimum order amounts. Best of luck with your venture, but figure you won't be seeing the light of day until your residency is over! Then you can go for the big bucks (probably by rebuilding transmissions as the government wants to take over healthcare and pay the doctors and other medical professionals squat)! |
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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 Vacca Rabite They said it before I could.
You need to set your... Jun 23 2009, 04:56 PM byndbad914 keep in mind the "corporate veil" is eas... Jun 23 2009, 05:45 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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