GFY corporate gurus LLC or S-Corp? - GoFuckYourself.com

MrIzzz · 02-21-2005, 03:03 PM

i'm finally about to file my paperwork and go corporate, my growth over the last year has prompted me to do this, eventhough i've been thinking about it for a while.

its going to be based out of NY, and will encompass all of my current online ventures.

my main goal with this corp will be to continue building freesites and eventually paysites along with some other projects. i have no plans on having any true fulltime employees at this moment. basically i will be outsourcing all work i wont have time for or cant do.

so what do you reccommend? and please explain why it would benefit me more.

what else should i know before incorporating?

thanks in advance

TheMob · 02-21-2005, 03:04 PM

do I look like google? ;)

MrIzzz · 02-21-2005, 03:08 PM

Quote:

Originally Posted by TheMob

do I look like google? ;)

but you sure are sexy

lol, i actually find gfy to be much more faster in delivering info than google, plus i like seeing everyones different opinions

Phoenix · 02-21-2005, 03:08 PM

llc seems like a good choice..but i dont know about the different classes you guys have down there...talk to your cpa man

dont ask gfy

jonesy · 02-21-2005, 03:09 PM

LLC all the way

if you get sued your stuff wont be taken from you.

Juicy D. Links · 02-21-2005, 03:09 PM

Jizzzy I am under S Corp , but for your needs it might not be suitable.

brand0n · 02-21-2005, 03:11 PM

i like LLCs. cheap easy and a good way to cover your ass

irishfury · 02-21-2005, 03:12 PM

LLC all the way....

MrIzzz · 02-21-2005, 03:13 PM

Quote:

Originally Posted by Juicy D. Links

Jizzzy I am under S Corp , but for your needs it might not be suitable.

i know bro, thats why i wanted to see other peoples opinions on LLC's

i'm actually swaying more towards LLCs

Sean · 02-21-2005, 03:13 PM

the irish agree LLC

TheMob · 02-21-2005, 03:14 PM

LLC just doesn't have that cool gangster ring to it

MrIzzz · 02-21-2005, 03:14 PM

Quote:

Originally Posted by Phoenix

llc seems like a good choice..but i dont know about the different classes you guys have down there...talk to your cpa man

dont ask gfy

i'm actually going to post my tax info in another thread and let the gfy accountants file for me

lol, i am soooooooo joking on that

MrIzzz · 02-21-2005, 03:17 PM

Quote:

Originally Posted by TheMob

LLC just doesn't have that cool gangster ring to it

my corp isnt going to be gangsta

its gonna be wallstreet

Stamen · 02-21-2005, 03:19 PM

LLC doesn't have as much paperwork, and can take on the form of other tax structures (I believe, including S-Corp)

bangman · 02-21-2005, 03:19 PM

Here's a good link to read up on some different structures: http://www.nolo.com
I've been reading it for days.

02-21-2005, 03:20 PM

When I formed my company (NJ) I went with an S Corp the main reason being it was easier to get around self employment taxes. If you or any of the stockholders are foreign citizens you cannot be a stockholder in an S Corp, so an LLC may work better. A lot of it has to do with you and your partners' situations, if there's no partners involved S Corps and LLC's are quite similar. Also ask your lawyer and accountant as that's where your info and final decisions should come from

realistixxx · 02-21-2005, 03:20 PM

I'm a CPA and have several years auditing consulting experience on this. Shoot me an e-mail @ [email protected] and I'll help you out, free of charge. There are a couple things that will determine what is best. Very simple, and nothing personal.

After Shock Media · 02-21-2005, 03:21 PM

Quote:

Originally Posted by realistixxx

I'm a CPA and have several years auditing consulting experience on this. Shoot me an e-mail @ [email protected] and I'll help you out, free of charge. There are a couple things that will determine what is best. Very simple, and nothing personal.

If it is nothing personal, and very simple why not do it here so we can all enjoy it.

realistixxx · 02-21-2005, 03:23 PM

http://web.ask.com/redir?u=http%3A%2...p&Complete =1

jonesy · 02-21-2005, 03:23 PM

izz read up

http://www.nolo.com/article.cfm/obje...1/182/245/FAQ/

abyss_al · 02-21-2005, 03:24 PM

LLC

realistixxx · 02-21-2005, 03:25 PM

Because they are individualized answers; for example...
1. How many shareholders do you have?
2. Do you plan on selling shares/having investors?
3. Are any LLC's, Corporations, Sole Proprietorships, LLP's, etc. going to own any shares?
4. Do you own any other entities- personally or will the company?

etc., etc., etc.

Sosa · 02-21-2005, 03:46 PM

sound like you are doing somethign simliar to what I did back in Oct. I ended up going with a s-corp. I'm the only person in the corp. Haven't had any problems at all.

axelcat · 02-21-2005, 03:47 PM

LLC for sure

MickeyG · 02-21-2005, 03:50 PM

whats the difference from s-corp to llc? I've always had s-corps

abadfish · 02-21-2005, 03:52 PM

I registered as an LLC last March and so far so good... the great thing is since I am the sole member I am considered a "disregarded entity" for tax purposes and file as a sole proprietor would.

sonofsam · 02-21-2005, 03:53 PM

and remember kids

S stands for Super Corp

realistixxx · 02-21-2005, 03:53 PM

An S-Corp is good when you only have individuals investing. If you have ANY OTHER TYPE OF ENTITY that owns shares, than you MUST have an LLC. There are some other differences as well, and obviously, the biggest difference is that an S-Corp limits the number (as well as the type as mentioned before) of investors/shareholders.

realistixxx · 02-21-2005, 03:55 PM

I hope you are filing a 1065 with that??? Unless your LLC has no income. But, you should still be filing financials.

Raven · 02-21-2005, 04:00 PM

My accountant says 's' corporation.....

Since she is built like a Viking Valkyrie, I figured it behooves me to pay attention and just do it.

realistixxx · 02-21-2005, 04:03 PM

How can you say that not knowing what the guy's situation is? Seriously, people, what is good for you may not be ideal for him.

Babagirls · 02-21-2005, 04:05 PM

Quote:

Originally Posted by Juicy D. Links

Jizzzy I am under S Corp , but for your needs it might not be suitable.

LOL @ Jizzy

Pete-KT · 02-21-2005, 04:08 PM

LLC to cover anything you will need with your companies, if you want more info icq me Izzz

TheSaint · 02-21-2005, 04:12 PM

Its really a complicated question that you should seek a real life accountant for, as the choice will have many subtle ramifications. The short answer is that a c-corp usually offers the maximum flexibility (99% of the fortune 500 are c-corp) but s-corp and llc might be easier of the pocketbook and require less forms to file. All my corporations are c-corp but I am an accountant so I don't mind doing a little extra work.

realistixxx · 02-21-2005, 04:17 PM

Just out of curiosity, why a c-corp? I'm a CPA as well, but see no advantage to a c-corp vs. an LLC or S-corp unless there are going to be mutiple investors/shareholders, etc. and a more complex structure. I'm just curious, not challenging you at all. Also, the C-Corp filing requirements are beastly, and even I'm not up for that.

tony286 · 02-21-2005, 04:25 PM

Call a accountant if you dont have one, dont get corporate advice here lol

BlueWire · 02-21-2005, 04:30 PM

LLC and S-Corp are VERY similar. From my point of view i'd say to just go with the S-Corp because if you choose to grow it through investment downt he line it has a lot more avenues and the same tax benefits.

MrIzzz · 02-21-2005, 04:43 PM

Quote:

Originally Posted by realistixxx

Because they are individualized answers; for example...
1. How many shareholders do you have?
2. Do you plan on selling shares/having investors?
3. Are any LLC's, Corporations, Sole Proprietorships, LLP's, etc. going to own any shares?
4. Do you own any other entities- personally or will the company?

etc., etc., etc.

thanks so much for your replies

sorry about the dealy i got caught up with something

basically i am going to be the major shareholder in this, its a small business and i dont have any investors and such so i wont be thinking about selling shares unless i really grew exponentially over the next year or so

no i dont own any other entities either

MandyBlake · 02-21-2005, 04:51 PM

llc's are the best. they are inexpensive to start and you don't pay taxes on the llc income.

realistixxx · 02-21-2005, 04:52 PM

I'm a CPA, and always willing to help out friends in the industry.

Young · 02-21-2005, 04:53 PM

These are the threads and questions that make gfy great

this and the drama of course.

AdultNex · 02-21-2005, 04:53 PM

What is the average cost of forming an LLC?

realistixxx · 02-21-2005, 04:54 PM

Quote:

Originally Posted by MrIzzz

thanks so much for your replies

sorry about the dealy i got caught up with something

basically i am going to be the major shareholder in this, its a small business and i dont have any investors and such so i wont be thinking about selling shares unless i really grew exponentially over the next year or so

no i dont own any other entities either

Sounds actually like an LLP may be best. No complicated paperwork, funnels through to your personal tax return, no wages to be paid, and you have the same protection in terms of liability from other types of entities.

$5 submissions · 02-21-2005, 04:55 PM

Get some FREE advice from my friends at www.sbsuite.com Contact them and tell them Gene sent you. Short answer: LLC is more flexible but it depends on your needs. Contact sbsuite.com and ask for free tax prep/strategy advice as well.

realistixxx · 02-21-2005, 04:57 PM

Quote:

Originally Posted by AdultNex

What is the average cost of forming an LLC?

I got articles and submitted to the state (FL) for about $200. Any other costs are up to you. I used quickinc.com or something like that. Unless you are doing this full-time and have employees, or just feel like filling out a lot of paperwork, LLP may be the best route. It is really individualized, of course, but you don't always have to incorporate.

V_RocKs · 02-21-2005, 05:01 PM

Quote:

Originally Posted by $5 submissions

Get some FREE advice from my friends at www.sbsuite.com Contact them and tell them Gene sent you. Short answer: LLC is more flexible but it depends on your needs. Contact sbsuite.com and ask for free tax prep/strategy advice as well.

They asked me, "Who the fuck is Gene?"

shuki · 02-21-2005, 05:03 PM

I have been doing some research of my own and have a few points to throw in to the mix. I want to preface that this is not info I have recieved from a qaulified CPA or tax attorney so take it with a grain of salt.

I am leaning towards a main C-corp with the possability of having other s-corps or llcs's under it in umbrella form.

My main reason for wanting the main entity to be a C-corp is for credit purposes. I was advised that your corp will have the easiest time establishing credit with companies if you are a C-corp. This is credit with no persoanl guarantee by the way. I use my credit on my persoanl file for my personal cc's and home car etc. but want the business aspects to be seperate and with no PG.

I have a friend who recently set up a C-corp and has recently recieved:
$5,000 in credit with staples
$10,000 from Dell
$15,000 from Best Buy
10,000 from Comp Usa
$7,500 from Home depot
$5,000 from Expo
$5,000 from lowes and the list goes on.

Now don't get me wrong this is not the only reason why I would choose a C-corp and also you must understand that it doesn't give you cart blanche to just go out and spend blindly. You must be able to actually pay these bills back, but it is a lot easier to start up a biz with the help of these credit lines.

I myself am still confused with the structure and setup of a C-corp and the double taxation aspects, but like I said I am leaning towards this setup.

If any of the cpa's are available I would love to speak with you. Either leave your info in the thread or drop me a line. My contact info is in my sig.

TIA

shuki · 02-21-2005, 05:18 PM

Realistixxx or Thesaint are either of you available for a consultation?

realistixxx · 02-21-2005, 05:20 PM

Quote:

Originally Posted by shuki

I have been doing some research of my own and have a few points to throw in to the mix. I want to preface that this is not info I have recieved from a qaulified CPA or tax attorney so take it with a grain of salt.

I am leaning towards a main C-corp with the possability of having other s-corps or llcs's under it in umbrella form.

My main reason for wanting the main entity to be a C-corp is for credit purposes. I was advised that your corp will have the easiest time establishing credit with companies if you are a C-corp. This is credit with no persoanl guarantee by the way. I use my credit on my persoanl file for my personal cc's and home car etc. but want the business aspects to be seperate and with no PG.

I have a friend who recently set up a C-corp and has recently recieved:
$5,000 in credit with staples
$10,000 from Dell
$15,000 from Best Buy
10,000 from Comp Usa
$7,500 from Home depot
$5,000 from Expo
$5,000 from lowes and the list goes on.

Now don't get me wrong this is not the only reason why I would choose a C-corp and also you must understand that it doesn't give you cart blanche to just go out and spend blindly. You must be able to actually pay these bills back, but it is a lot easier to start up a biz with the help of these credit lines.

I myself am still confused with the structure and setup of a C-corp and the double taxation aspects, but like I said I am leaning towards this setup.

If any of the cpa's are available I would love to speak with you. Either leave your info in the thread or drop me a line. My contact info is in my sig.

TIA

Shoot me an e-mail @ [email protected]. There are a couple things- 1. An S-Corp cannot have a C-Corp as an owner, or another S-Corp, or an LLC, or an LLP, only individuals. 2. C-Corp has double taxation and will kill you unless you are very savvy. 3. The bank that gave your friend all his loans is definitely an exception, and quite frankly are idiots. I specialize in financial services audits and most C-Corp loans require personal guarantees unless the loan is a slam dunk, meaning, it's for land or building that has value in excess of the loan, about an 80% LTV is the max, and that is the rule with pretty much any asset that does not have accelerated depreciation. And, that is not a computer. 4. If you form an LLC or LLP you automatically have credit because it is your personal credit, so it is instantaneous. Now if you have bad credit, sorry. But, a bank does not appreciate not getting paid back, so if your friend that got all those loans happens to default, I guarantee they go after him, and there are ways to do that. I'm not going into details on that, but trust me, they can burn you. Shoot me an e-mail if there is anything else.

$5 submissions · 02-21-2005, 05:22 PM

Quote:

Originally Posted by V_RocKs

They asked me, "Who the fuck is Gene?"

LOL, you joker you!

Tell them its Gene, Thomas' (one of SBSuite's owners) law school buddy.

02-21-2005, 03:03 PM	#1
MrIzzz If u touch it, I will cum Join Date: Sep 2003 Location: long island Posts: 22,923	GFY corporate gurus LLC or S-Corp? i'm finally about to file my paperwork and go corporate, my growth over the last year has prompted me to do this, eventhough i've been thinking about it for a while. its going to be based out of NY, and will encompass all of my current online ventures. my main goal with this corp will be to continue building freesites and eventually paysites along with some other projects. i have no plans on having any true fulltime employees at this moment. basically i will be outsourcing all work i wont have time for or cant do. so what do you reccommend? and please explain why it would benefit me more. what else should i know before incorporating? thanks in advance __________________ WHO WANTS TO PLAY GRAB-ASS?

02-21-2005, 03:08 PM	#4
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	llc seems like a good choice..but i dont know about the different classes you guys have down there...talk to your cpa man dont ask gfy __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

02-21-2005, 03:09 PM	#5
jonesy Confirmed User Join Date: Jan 2003 Posts: 6,688	LLC all the way if you get sued your stuff wont be taken from you. __________________ . Shooting Bikini Girls

02-21-2005, 03:12 PM	#8
irishfury Confirmed User Join Date: Aug 2003 Location: In the hearts of cowards Posts: 2,611	LLC all the way.... __________________ Trust no one there all snakes

02-21-2005, 03:13 PM	#10
Sean revolutionforce.com Industry Role: Join Date: Jun 2003 Location: i moved from an ICQ box to a Skype box. left the skype box for a telegram box Posts: 2,909	the irish agree LLC __________________ -sean skype: sean.a.christian sean @ revolutionforce.com

02-21-2005, 03:04 PM	#2
TheMob Confirmed User Join Date: Jan 2003 Location: 2006 Posts: 8,584	do I look like google? ;)

02-21-2005, 03:09 PM	#6
Juicy D. Links So Fucking Banned Industry Role: Join Date: Apr 2001 Location: N.Y. -Long Island -- Posts: 122,992	Jizzzy I am under S Corp , but for your needs it might not be suitable.

02-21-2005, 03:11 PM	#7
brand0n been very busy Join Date: Nov 2002 Location: the queen city Posts: 26,983	i like LLCs. cheap easy and a good way to cover your ass

02-21-2005, 03:14 PM	#11
TheMob Confirmed User Join Date: Jan 2003 Location: 2006 Posts: 8,584	LLC just doesn't have that cool gangster ring to it

02-21-2005, 03:19 PM	#14
Stamen Confirmed User Join Date: Aug 2004 Location: Vegas Posts: 698	LLC doesn't have as much paperwork, and can take on the form of other tax structures (I believe, including S-Corp) __________________ Show me the pistil porn!

02-21-2005, 03:19 PM	#15
bangman Confirmed User Join Date: Sep 2004 Location: PA, USA Posts: 5,283	Here's a good link to read up on some different structures: http://www.nolo.com I've been reading it for days. __________________ - David Hall ICQ: 312744199

02-21-2005, 03:20 PM	#16
esnem Guest Posts: n/a	When I formed my company (NJ) I went with an S Corp the main reason being it was easier to get around self employment taxes. If you or any of the stockholders are foreign citizens you cannot be a stockholder in an S Corp, so an LLC may work better. A lot of it has to do with you and your partners' situations, if there's no partners involved S Corps and LLC's are quite similar. Also ask your lawyer and accountant as that's where your info and final decisions should come from

02-21-2005, 03:20 PM	#17
realistixxx Confirmed User Join Date: Feb 2005 Location: Ft. Lauderdale, FL Posts: 191	Professional Consultant will help you decide... I'm a CPA and have several years auditing consulting experience on this. Shoot me an e-mail @ [email protected] and I'll help you out, free of charge. There are a couple things that will determine what is best. Very simple, and nothing personal. __________________ www.realistixxx.com

02-21-2005, 03:23 PM	#19
realistixxx Confirmed User Join Date: Feb 2005 Location: Ft. Lauderdale, FL Posts: 191	See if this link works... more info. http://web.ask.com/redir?u=http%3A%2...p&Complete =1 __________________ www.realistixxx.com

02-21-2005, 03:24 PM	#21
abyss_al LOOKING FOR TRADES Join Date: Oct 2003 Location: Southern California Posts: 15,605	LLC __________________ EMAIL: allen @ vasmediagroup.com \| ICQ: 311329761 \| SKYPE: abyss.al \| AIM: xABYSSxALx

02-21-2005, 03:25 PM	#22
realistixxx Confirmed User Join Date: Feb 2005 Location: Ft. Lauderdale, FL Posts: 191	Because they are individualized answers; for example... 1. How many shareholders do you have? 2. Do you plan on selling shares/having investors? 3. Are any LLC's, Corporations, Sole Proprietorships, LLP's, etc. going to own any shares? 4. Do you own any other entities- personally or will the company? etc., etc., etc. __________________ www.realistixxx.com

02-21-2005, 03:46 PM	#23
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	sound like you are doing somethign simliar to what I did back in Oct. I ended up going with a s-corp. I'm the only person in the corp. Haven't had any problems at all.

02-21-2005, 03:47 PM	#24
axelcat Adult Locals Join Date: Jun 2002 Location: West Coast Posts: 25,450	LLC for sure

02-21-2005, 03:50 PM	#25
MickeyG Confirmed User Join Date: May 2004 Location: South Florida Posts: 4,134	whats the difference from s-corp to llc? I've always had s-corps

02-21-2005, 03:52 PM	#26
abadfish Confirmed User Join Date: Jul 2003 Location: WA Posts: 1,482	I registered as an LLC last March and so far so good... the great thing is since I am the sole member I am considered a "disregarded entity" for tax purposes and file as a sole proprietor would.

02-21-2005, 03:53 PM	#27
sonofsam Too lazy to set a custom title Join Date: Dec 2004 Location: Vancouver Posts: 18,638	and remember kids S stands for Super Corp __________________ I like turtles.

02-21-2005, 03:55 PM	#29
realistixxx Confirmed User Join Date: Feb 2005 Location: Ft. Lauderdale, FL Posts: 191	To ABDAFISH... I hope you are filing a 1065 with that??? Unless your LLC has no income. But, you should still be filing financials. __________________ www.realistixxx.com Last edited by realistixxx; 02-21-2005 at 03:56 PM.. Reason: a

02-21-2005, 04:00 PM	#30
Raven Confirmed User Industry Role: Join Date: Jul 2001 Posts: 6,874	My accountant says 's' corporation..... Since she is built like a Viking Valkyrie, I figured it behooves me to pay attention and just do it. __________________ Raven ~RETIRED~

02-21-2005, 04:03 PM	#31
realistixxx Confirmed User Join Date: Feb 2005 Location: Ft. Lauderdale, FL Posts: 191	How can you say that not knowing what the guy's situation is? Seriously, people, what is good for you may not be ideal for him. __________________ www.realistixxx.com

02-21-2005, 04:08 PM	#33
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	LLC to cover anything you will need with your companies, if you want more info icq me Izzz

02-21-2005, 04:12 PM	#34
TheSaint Confirmed User Join Date: Jun 2003 Location: Everywhere at once Posts: 991	Its really a complicated question that you should seek a real life accountant for, as the choice will have many subtle ramifications. The short answer is that a c-corp usually offers the maximum flexibility (99% of the fortune 500 are c-corp) but s-corp and llc might be easier of the pocketbook and require less forms to file. All my corporations are c-corp but I am an accountant so I don't mind doing a little extra work. __________________ I have no signature

02-21-2005, 04:17 PM	#35
realistixxx Confirmed User Join Date: Feb 2005 Location: Ft. Lauderdale, FL Posts: 191	Just out of curiosity, why a c-corp? I'm a CPA as well, but see no advantage to a c-corp vs. an LLC or S-corp unless there are going to be mutiple investors/shareholders, etc. and a more complex structure. I'm just curious, not challenging you at all. Also, the C-Corp filing requirements are beastly, and even I'm not up for that. __________________ www.realistixxx.com

02-21-2005, 04:25 PM	#36
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	Call a accountant if you dont have one, dont get corporate advice here lol

02-21-2005, 04:30 PM	#37
BlueWire Confirmed User Join Date: Nov 2004 Posts: 4,628	LLC and S-Corp are VERY similar. From my point of view i'd say to just go with the S-Corp because if you choose to grow it through investment downt he line it has a lot more avenues and the same tax benefits.

02-21-2005, 04:51 PM	#39
MandyBlake The one and only! Industry Role: Join Date: Nov 2002 Location: Atlanta, GA Posts: 17,761	llc's are the best. they are inexpensive to start and you don't pay taxes on the llc income. __________________ Mandy's Playhouse Her First Fat Girl If you're interested in promoting my sites, ICQ me! 178411921

02-21-2005, 04:52 PM	#40
realistixxx Confirmed User Join Date: Feb 2005 Location: Ft. Lauderdale, FL Posts: 191	I'm a CPA, and always willing to help out friends in the industry. __________________ www.realistixxx.com

02-21-2005, 04:53 PM	#41
Young Bland for life Industry Role: Join Date: Nov 2004 Posts: 10,468	These are the threads and questions that make gfy great this and the drama of course. __________________ ★★★

02-21-2005, 04:53 PM	#42
AdultNex Confirmed User Join Date: Feb 2003 Location: Bostonnnn Posts: 8,985	What is the average cost of forming an LLC?

02-21-2005, 04:55 PM	#44
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Get some FREE advice from my friends at www.sbsuite.com Contact them and tell them Gene sent you. Short answer: LLC is more flexible but it depends on your needs. Contact sbsuite.com and ask for free tax prep/strategy advice as well. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

02-21-2005, 05:03 PM	#47
shuki Confirmed User Join Date: Aug 2004 Location: Boston Posts: 3,070	I have been doing some research of my own and have a few points to throw in to the mix. I want to preface that this is not info I have recieved from a qaulified CPA or tax attorney so take it with a grain of salt. I am leaning towards a main C-corp with the possability of having other s-corps or llcs's under it in umbrella form. My main reason for wanting the main entity to be a C-corp is for credit purposes. I was advised that your corp will have the easiest time establishing credit with companies if you are a C-corp. This is credit with no persoanl guarantee by the way. I use my credit on my persoanl file for my personal cc's and home car etc. but want the business aspects to be seperate and with no PG. I have a friend who recently set up a C-corp and has recently recieved: $5,000 in credit with staples $10,000 from Dell $15,000 from Best Buy 10,000 from Comp Usa $7,500 from Home depot $5,000 from Expo $5,000 from lowes and the list goes on. Now don't get me wrong this is not the only reason why I would choose a C-corp and also you must understand that it doesn't give you cart blanche to just go out and spend blindly. You must be able to actually pay these bills back, but it is a lot easier to start up a biz with the help of these credit lines. I myself am still confused with the structure and setup of a C-corp and the double taxation aspects, but like I said I am leaning towards this setup. If any of the cpa's are available I would love to speak with you. Either leave your info in the thread or drop me a line. My contact info is in my sig. TIA __________________ Looking to buy established paysites contact me [email protected]