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Old 07-29-2004, 02:53 PM   #1
MrIzzz
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Forming a corporation in the US

i need some help with the basics.

i'm going to create a corporation specifically fo my online ventures

keep in mind that i am no baller here, i do not make 100k a year.(i may be the only GFYer to ever admit that )

should i go with LLC or S- corp?

is there a site where i can go and register and search to see if my corp name is taken?

etc....

any, and all info that you can help me with i will really appreciate

what kind of corporation do you have?
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Old 07-29-2004, 02:54 PM   #2
Juicy D. Links
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Chamor

You asking this on GFY?
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Old 07-29-2004, 02:55 PM   #3
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ask your lawyer

every state has different types of benefits for each different type of corporation class
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Old 07-29-2004, 02:55 PM   #4
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a nice Deleware LLC for the least amount of paperwork required....a nice NV Corp with nominees if you got a few extra bucks to blow...and don't mind hiring someone to do that paperwork for you...
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Old 07-29-2004, 02:56 PM   #5
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Quote:
Originally posted by juicylinks
Chamor

You asking this on GFY?


there are a few intelligent posters here, i'd like to get their thoughts.

and i want to be amused also
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Old 07-29-2004, 02:56 PM   #6
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You can probably get some good info here:

https://www.bizfilings.com/
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Old 07-29-2004, 02:57 PM   #7
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ok, done, i will get a professional to do the paperwork.


also keep in mind that i'm located in NY
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Old 07-29-2004, 02:58 PM   #8
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Quote:
Originally posted by candyflip
You can probably get some good info here:

https://www.bizfilings.com/
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Old 07-29-2004, 02:59 PM   #9
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Quote:
Originally posted by MrIzzz
ok, done, i will get a professional to do the paperwork.


also keep in mind that i'm located in NY
Shouldn't matter where you're at I don't think.

There are a few website services that you allow you to do the entire process online.
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Old 07-29-2004, 03:00 PM   #10
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If your solo, I would go with S-Corp. Best to ask both an attorney and an accountant.

Also ask about which state you would want to inc up in. Everyone talks about Delaware and Nevada, and it's nice and all, but it might not be worth the headache, because you need to prove that you do business in that particular state. That's the way it was explained to me. So, I may be incorrect on that, you might have no problem and would benefit from inc'ing up in those states.

The 2 corps that I've setup have been in Cali. I went through a lawyer too. When you file the papers for Inc, the state department will do a check to make sure that business name is not already taken. ( Well, in cali that's the way it works)

Good luck,
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Old 07-29-2004, 03:01 PM   #11
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Quote:
Originally posted by MrIzzz


keep in mind that i am no baller here, i do not make 100k a year.(i may be the only GFYer to ever admit that )
this type of shit actually lets me know I have done business with good folks.

stand up guy
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Old 07-29-2004, 03:01 PM   #12
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Hey man, I just talked to a lawyer about this same thing on Tuesday. I'm getting a s-corp set up once I think of a damn company name. Going to cost me around $800 but it will be worth it. Saves money on taxes.
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Old 07-29-2004, 03:02 PM   #13
MrIzzz
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Quote:
Originally posted by koreanbbque
If your solo, I would go with S-Corp. Best to ask both an attorney and an accountant.

Also ask about which state you would want to inc up in. Everyone talks about Delaware and Nevada, and it's nice and all, but it might not be worth the headache, because you need to prove that you do business in that particular state. That's the way it was explained to me. So, I may be incorrect on that, you might have no problem and would benefit from inc'ing up in those states.

The 2 corps that I've setup have been in Cali. I went through a lawyer too. When you file the papers for Inc, the state department will do a check to make sure that business name is not already taken. ( Well, in cali that's the way it works)

Good luck,
much appreciated
for this corp i am going solo,
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Old 07-29-2004, 03:05 PM   #14
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Quote:
Originally posted by Fletch XXX
this type of shit actually lets me know I have done business with good folks.

stand up guy
thanks bro thats how i feel about you too.

awwwwwwww, manlove
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Old 07-29-2004, 03:06 PM   #15
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There's a tutorial over on gaywidewebmasters.com that has some info on corporate structures. It might be a good place to get some background knowledge on the topic.

http://forums.gaywidewebmasters.com/...&threadid=2178
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Old 07-29-2004, 03:07 PM   #16
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Quote:
Originally posted by MrIzzz
thanks bro thats how i feel about you too.

awwwwwwww, manlove
no, i can tell who knows how to do business and has respect.

when i dealt with you, it was all mutual respect and it went smooth.

sometimes i think its either the broke nobodies who are all in a rush and being a pain over things, and sometimes the big wheelers expect to be given free rides or dealt with differently. stand up guys who are working hard for their shit, treat others with respect.

i really try to deal with people on the same level, i hate dealing with assholes...

down to earth baby, even with a million in the bank.
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