Should I register myelf as a company or stay an individual?
-eru
<font color="#FFFFFF" size="2" face="Verdana">This thread will self-destruct in 5 seconds.</font><font color="#FFFFFF" face="Verdana"><br>
<br>
<font size="1">In the meantime, consider hosting with <a href="http://www.choopa.com"><font color="#00FF00">Choopa</font></a>
-- The only provider with 9 x 1000mbps Transit Redundancy</font></font>
Protect your ass. Incorporate. There are a lot of BS lawsuits out there. Most importantly, if your business fails you don't want them to come after you personally for money owed, etc.
LLC definately, pass through tax entity so you only get taxed once, not taxed on what your comapny made, then taxed again on what you pay yourself, almost no paperwork invovled unlike incorperating where you have to have meeetings and shares and stuff, LLC is much simpler, plus yes, they can't theoretically come after any of your personal property, only the LLC's, and since most of us really have "virtual" stores, there's nothing for them to take except your server, which you can just take all your stuff off of before they get it.
OK, I'll take your guys advice. My father said that there are heavier taxes for companies but I guess he knows shit.
-eru
<font color="#FFFFFF" size="2" face="Verdana">This thread will self-destruct in 5 seconds.</font><font color="#FFFFFF" face="Verdana"><br>
<br>
<font size="1">In the meantime, consider hosting with <a href="http://www.choopa.com"><font color="#00FF00">Choopa</font></a>
-- The only provider with 9 x 1000mbps Transit Redundancy</font></font>
I live in New Jersey right now but I'm moving to Hawai'i in Augest. (I retain NJ residency for a year though)
-eru
<font color="#FFFFFF" size="2" face="Verdana">This thread will self-destruct in 5 seconds.</font><font color="#FFFFFF" face="Verdana"><br>
<br>
<font size="1">In the meantime, consider hosting with <a href="http://www.choopa.com"><font color="#00FF00">Choopa</font></a>
-- The only provider with 9 x 1000mbps Transit Redundancy</font></font>
Comment