Styleforum › Forums › General › General Chat › Asking for a Raise
New Posts  All Forums:Forum Nav:

Asking for a Raise - Page 3

post #31 of 32
12/23/09 at 4:13am
Thread Starter 
yea man, my boss highly recommeneded setting up an llc, he did it for 4 years.

Is it hard? Is it a lot to keep track of and stuff?

And yes, I will still keep my options open and continue my search. Ive taken to heart your advice ... if someone does a good job for you and expressed interested in devoting there selves to you but you just use them up and spit them out is it someplace I want to be long term (1 year anniversary on Wednesday!)? I dont think so...
Reply
Reply
post #32 of 32
12/23/09 at 4:53am
LLC is going to depend on the state, but most are really simple if you are actually a sole proprietor.

You file a basic articles of organization with your secretary of state. This will cost $100 or so and can probably be done via a website.

Generally, in this case, you'd be taxed once. . . e.g. all gains or losses are passed from the LLC to your personal tax return.

You could set up for double taxation if you wanted (tax for the biz, then tax on your income).

A quick chat with a lawyer and an accountant would be a good idea so that you know what you can and can't do to maintain your "corporate veil".

You may want to talk to the SBA and SCORE. SCORE offers free consultation.
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: General Chat
Styleforum › Forums › General › General Chat › Asking for a Raise