ForumsHome

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 3 "helpful" answers available (4 pts)

3 Replies Last post: Apr 21, 2009 12:19 PM by skydalimit

An attorney I spoke with said I am going want to incorporate

Apr 11, 2009 8:56 AM

massagefever 51 posts since
Feb 11, 2009

at some point. Granted for him to do it, it going to be a good chunk of money but I like and trust this attorney (never thought you would hear that did ya). He talked with me on the phone for 45 mins and told me I didn't need to come see him for what I needed for no charge. So this leaves me with a few questions.

An LLC is getting incorporated, correct?
Is Legalzoom.com an effective way to go about this, since I am a very, very small biz with a small budget? They have been featured on many netoworks, CNN.com, etc and are part of the BBB
Is this goig to affect the amount I have to pay for items when I purchase them? It may be a silly question, but I don't want a company to hike up my price b/c I am inc. vs. not.

Thanks!

Tags: legal, llc, self-employed, self_employed, startup, taxes, trademark, business_attorney, business, attorney Report as inappropriate

Bridge 364 posts since
Jun 3, 2008

1. Re: An attorney I spoke with said I am going want to incorporate Apr 12, 2009 8:59 AM

In most states you can incorporate online yourself. All legazoom.com is doing is transmitting you data.

It is usuall pretty straight forward.

An LLC is a legal entity but not a "corporation". If you elect to form an LLC, be aware that the IRS does not recognize an LLC as an entity for tax purposes - they will automaticlly reclassify you as another typr of entity unless you make an "election" yourself to be taxed as another type of entity.

You can have an LLC and elect to be taxed as an "S" corp. This give your the flexibility of an LLC (easier to manage than a corportaion) and the tax benefits of an "S" corp.

This issues has been written about on the forum many times.

Best of luck.

Report as inappropriate

massagefever 51 posts since
Feb 11, 2009

2. Re: An attorney I spoke with said I am going want to incorporate Apr 12, 2009 8:21 PM

in response to: Bridge

I apologize. I searched but still did not feel like all my questions were answered. I am backing out now.

Report as inappropriate

skydalimit 32 posts since
Feb 27, 2009

3. Re: An attorney I spoke with said I am going want to incorporate Apr 21, 2009 12:19 PM

Hi i hear your story and know how hard it is when on a budget, that's why want to help you incorporate/build business credit to be bale to finance your business and build your website for just $1000 have any questions please email me at:
skydalimit1@gmail.com

Ricardo "Sky Dalimit" Pierre

Report as inappropriate

Bank of America, N.A. Member FDIC. Equal Housing Lender

Bank of America is not responsible for user posts and other user content appearing on this website and does not endorse or guarantee the perspectives, the advice, the users, the businesses, or the products or services sold by any users or businesses that appear on this website.

ForumsHome

This Question is Possibly Answered

An attorney I spoke with said I am going want to incorporate

Apr 11, 2009 8:56 AM

More Like This

Most Recent Forum Posts

Legend