You can start with a DBA (aka doing business as, or fictitious name). The easiest way is to file online. But you can go to county records and fill out ppwk and then post ad in newspaper. Then apply for EIN (tax id) to open bank accounts and such. In essence, you are now sole proprietor, which means you are liable for all debts and liability for the company since the entity is actually YOU.
Or you can opt for some liability padding via Limited Liability Company, which offers a few tax benefits, and although you may still end up filing a schedule C (on your own 1040) at the end of the year, (as a sole proprietor even though you own LLC), but at least if your company is in business law suit your personal assets won't be touched, and if you are sued civilly your business won't be touched- Assuming that you are conducting business lawfully and within the confines of your LLC business agreement. Another added benefit is that IRS now allows single owner/operator LLC (by the way if it is husband / wife filing joint, you are not partners- you are sole...just a side note.)
I am in the process of filing for LLC, I had some questions as well, so if you want to track responses to that thread it is here... http://www.sagespark.com/forum/question-all-llc-owners-out-there-or-anyone-wishing-comment
Hi webmaster, commenters and everybody else !!! The blog was absolutely fantastic! Lots of great information and inspiration, both of which we all need!b Keep 'em coming... you all do such a great job at such Concepts... can't tell you how much I, for one appreciate all you do!
There can be a variety of legal requirements to start a business, depending on the business you are starting! Do you need help forming a corporate entity? You need to consider what sort of entity you want to form, if any, or if you want to proceed as a sole proprietorship. There are legal reasons to form a company, for example, an LLC, and tax reasons as well.
If you are starting an Internet business, you will also need legal documents for your website, depending on the business and content of your site.
If you will be emailing marketing to prospective customers, you will also need to make sure your emails are CAN-SPAM compliant.
If you are creating advertising and marketing materials, you want to make sure that they are not misleading.
Are you going to be using a trademark/logo for your new business? Then you need to make sure that you aren't using one that is already in use by a third party.
These are just a few examples of the items you need to consider when starting a business. Feel free to contact me, Julia Mattis, if you have any other questions. www.mattislegal.com.
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I just read through the entire article of yours and it was quite good. This is a great article thanks for sharing this informative information. I will visit your blog regularly for some latest post.
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Excellent read, I just passed this onto a colleague who was doing a
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Comments
Is that a question?
You can start with a DBA (aka doing business as, or fictitious name). The easiest way is to file online. But you can go to county records and fill out ppwk and then post ad in newspaper. Then apply for EIN (tax id) to open bank accounts and such. In essence, you are now sole proprietor, which means you are liable for all debts and liability for the company since the entity is actually YOU.
Or you can opt for some liability padding via Limited Liability Company, which offers a few tax benefits, and although you may still end up filing a schedule C (on your own 1040) at the end of the year, (as a sole proprietor even though you own LLC), but at least if your company is in business law suit your personal assets won't be touched, and if you are sued civilly your business won't be touched- Assuming that you are conducting business lawfully and within the confines of your LLC business agreement. Another added benefit is that IRS now allows single owner/operator LLC (by the way if it is husband / wife filing joint, you are not partners- you are sole...just a side note.)
I am in the process of filing for LLC, I had some questions as well, so if you want to track responses to that thread it is here... http://www.sagespark.com/forum/question-all-llc-owners-out-there-or-anyone-wishing-comment
Hope this helps.
Craig
So glad this internet thing works and this article helped. Might take you up on the home advice sometime. Perhaps a guest appearance here?
Hi webmaster, commenters and everybody else !!! The blog was absolutely fantastic! Lots of great information and inspiration, both of which we all need!b Keep 'em coming... you all do such a great job at such Concepts... can't tell you how much I, for one appreciate all you do!
Cindy,
There can be a variety of legal requirements to start a business, depending on the business you are starting! Do you need help forming a corporate entity? You need to consider what sort of entity you want to form, if any, or if you want to proceed as a sole proprietorship. There are legal reasons to form a company, for example, an LLC, and tax reasons as well.
If you are starting an Internet business, you will also need legal documents for your website, depending on the business and content of your site.
If you will be emailing marketing to prospective customers, you will also need to make sure your emails are CAN-SPAM compliant.
If you are creating advertising and marketing materials, you want to make sure that they are not misleading.
Are you going to be using a trademark/logo for your new business? Then you need to make sure that you aren't using one that is already in use by a third party.
These are just a few examples of the items you need to consider when starting a business. Feel free to contact me, Julia Mattis, if you have any other questions. www.mattislegal.com.
It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks
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If you had enough money in the bank already i'd consider some unsecured business loans to get up and running without spending your own money first.
Great post, I look forward to reading more.
It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks
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I was very pleased to find this site.I wanted to thank you for this great read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.
I just read through the entire article of yours and it was quite good. This is a great article thanks for sharing this informative information. I will visit your blog regularly for some latest post.
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Pretty good post. I just stumbled upon your blog and wanted to say that
I have really enjoyed reading your blog posts.Any way Ill be
subscribing to your feed and I hope you post again soon
It was a very nice idea! Just wanna say thank you for the information
you have shared. Just continue writing this kind of post. I will be
your loyal reader. Thanks again.
Excellent read, I just passed this onto a colleague who was doing a
little research on that. And he actually bought me lunch because I
found it for him smile So let me rephrase that.
I havent any word to appreciate this post.....Really i am impressed from this post....the person who create this post it was a great human..thanks for shared this with us.
The term As built business has at least three usages, depending on the scope the singular usage above to mean a particular company or corporation,
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The shares are then traded on an exchange or directly through the fund
manager to create a secondary market subject to market forces.Inward investment Austria
Every business owner knows it is critical to keep a close eye on his
finances.
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the debtor usually runs the risk of foreclosure of the mortgage by the creditor to recover the debt.moving companies comparison Typically the debtors will be the individual home-owners, landlords or businesses who are purchasing their property by way of a loan
If you are looking to Earn Cash now online I would definitely recommend
you sign up with a free ClickBank account. ClickBank is an online
marketplace that has over 10,000 digital products for you to choose
from to promote. They have been around for 10+ years, and are very
well-respected in the Internet marketing industry. ClickBank vendors
pay up to a 75% commission which is unsurpassed in the Internet
marketing industry. Digital products are very convenient for customers,
and merchants alike. As soon as the initial costs are covered through
the development of the informational product, everything else is pure
profit.
You should consult a business lawyer just to make sure because it really depends on what business you will put up.
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I agree that you should consult to some business lawer for this.
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