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7 Replies Last post: Mar 30, 2008 11:08 PM by Matthew

How much should I spend to Incorporate?

Mar 26, 2008 11:47 PM

Click to view trishy9161's profile Start-up trishy9161 1 posts since
Mar 26, 2008
I recently opened an interior design company and would like to know what the average cost is for Incorporating? Hiring a lawyer? Hiring an accountant?
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Click to view IGoCRMI's profile Professional IGoCRMI 5 posts since
Mar 27, 2008
1. Re: How much should I spend to Incorporate? Mar 27, 2008 4:17 AM
What state are you looking to Incorporate in and which state would you need the legal/financial services in?

I'd say in most cases, try to get a referral to your professionals. If you post the state here, I'm sure some folks will chime in with some good people to consider.

There are a number of services to assist in turn-key Corporation filings, and I think it's generally under $1,000 all-in, and depending on the state you Incorporate in. In California you get an $800.00 fee annually just to be a Corporation, so consider some state fees will probably be on there as well. We found a great attorney that helped us out for a flat fee and she used a company called Paracorp, and they are awesome!

Here in Southern California, I've paid attorneys anywhere from $150 - 550/hr, depending on the type of work they are doing for me. One of the best attorneys we use for general business and contract stuff is Lisa at Contractlegal.com - I highly recommend!! Our CPA is bit expensive, but incredible, and is generally about $5k per year.

Hope that helps! Good luck!

-Tim
Click to view TonyIOD's profile Mogul TonyIOD 19 posts since
Mar 1, 2008
2. Re: How much should I spend to Incorporate? Mar 27, 2008 6:05 AM

trishy9161

I would suggest that you look into MyCorporation (owned by Intuit). You can do it for about $300. See their prices at:

https://www.mycorporation.com/lgc/mainOrd
erForms/llcOrder/llcnow.asp

I used them to form my LLC and was very pleased with them.

--Tony
Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
3. Re: How much should I spend to Incorporate? Mar 27, 2008 6:54 AM
Welcome to this web site and best of luck.
Every business person should have an Accountant, A Lawyer and
an Insurance Agent. YES it costs money to make money.
Do you have a Business and Marketing Plan??
Do you know about SCORE. SCORE is FREE

Go to Members page and add a few words about your business
LUCKIEST
Click to view Biz Online's profile Mogul Biz Online 71 posts since
Oct 10, 2007
4. Re: How much should I spend to Incorporate? Mar 27, 2008 8:07 AM
Regardless if you are forming an LLC or C-Corp, I highly suggest finding a local, reputable attorney in your home town. By doing it online or even doing an LLC formation yourself, you put yourself and your company at risk.

One of the main reasons for incorporating is to protect your personal assets. If you are unfamiliar with the law, and how to protect your assets, you may not get the protection that you may need by spending $300 online to form your own company.

I'm not an attorney, but I have an attorney who set up my LLC. It cost me about $1500. That's 5 times more than the online route, BUT I know my personal assets are protected, and I sleep better!

Best of luck!
Cliff Koraska
Koraska Interactive
Internet Marketing
Click to view newbiz_2's profile Authority newbiz_2 15 posts since
Feb 19, 2008
5. Re: How much should I spend to Incorporate? Mar 27, 2008 4:50 PM
in response to: Biz Online

www.amerilawyer.com

This firm will do all of your incorporating for you. They even have a General Counsel Club and the membership is only $140.00 PER YEAR. You get unlimited business advice, unlimited strategic advice and they will serve as your General Counsel. I joined a couple of weeks ago after contacting them for some advice and I spoke with an attorney for FREE for about 45 minutes. These days it will cost you $140 for 45 minutes, but you are getting this service for $140.00 PER YEAR.

No, I do not work for the firm, just happy to have legal counsel when I need it and it is not breaking the bank. LOL
Click to view cajawahar's profile Mogul cajawahar 22 posts since
Mar 7, 2008
6. Re: How much should I spend to Incorporate? Mar 30, 2008 10:09 PM
for incorporating a company in usa please contact to a cpa
for outsourcing your accounting work please contact to the following email id cajawahar@gmail.com
Click to view Matthew's profile Mogul Matthew 25 posts since
Mar 8, 2008
7. Re: How much should I spend to Incorporate? Mar 30, 2008 11:08 PM
To incorporate? You dont need to hire an attorney to do that.

I used

www.smallbiz.com and incorporated out of my home state for cheap. It doesnt cost much just make sure you have them apply for your EIN to make it easier on yourself.

It really isnt a complicated process.

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