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-   -   i am now incorporated!!!! (https://gfy.com/showthread.php?t=521705)

MrIzzz 09-28-2005 09:27 AM

i am now incorporated!!!!
 
cheers :glugglug

between all the jokes and everything else posted on GFY i have learned alot by reading between the lines.

so now i finally created my corp and there will be very big things coming soon...quietly...in the future


thank you GFYers :thumbsup i owe you all a beer :pimp

Realpascal 09-28-2005 09:29 AM

You're welcome. Now I want my beer.. :drinkup

Adult Site Traffic 09-28-2005 09:29 AM

Congrats :thumbsup

.

Manowar 09-28-2005 09:29 AM

Congrats man

Juicy D. Links 09-28-2005 09:30 AM

cum is the essence of manhood

MrIzzz 09-28-2005 09:31 AM

Quote:

Originally Posted by Realpascal
You're welcome. Now I want my beer.. :drinkup

come to new york and i'll buy you a pabst blue ribbon:glugglug now thats a good beer to celebrate with

MrIzzz 09-28-2005 09:31 AM

Quote:

Originally Posted by Juicy D. Links
cum is the essence of manhood


:ugone2far

homooooooooooooooooo

Fred Quimby 09-28-2005 09:31 AM

That means you owe me 2 beers now :drinkup :drinkup

Realpascal 09-28-2005 09:35 AM

Quote:

Originally Posted by MrIzzz
come to new york and i'll buy you a pabst blue ribbon:glugglug now thats a good beer to celebrate with

Hmm.. Might keep you up to that.. :thumbsup

lchaim 09-28-2005 09:37 AM

Congrats!

I prefer LLC's lately as there is less yearly paperwork involved in maintaining them. But I'll probably setup another corp next year as I'm a masochist by nature.

:thumbsup
:pimp

Dalai lama 09-28-2005 09:37 AM

Good news Izzzzy! Keep up the good work my friend :thumbsup

Babagirls 09-28-2005 09:38 AM

awesome :thumbsup
was it a long process to get Inc.?

hova 09-28-2005 09:39 AM

Can you mail me my beer now?

MrIzzz 09-28-2005 09:40 AM

Quote:

Originally Posted by Fred Quimby
That means you owe me 2 beers now :drinkup :drinkup


lololol, without dave you're my only competition at the table :mad:

:1orglaugh anytime bro :glugglug

Rice_Master 09-28-2005 09:40 AM

what are the steps you gotta follow in order to incorporate?

Pete-KT 09-28-2005 09:41 AM

I want my case of beer "ROUND OF BEER FOR THE WHOLE BAR ON IZZY"

MrIzzz 09-28-2005 09:42 AM

thanks for all the kind words everyne

technically it is a corporation..LLC (limited liability corp) :thumbsup

and i paid someone to do it for me and i had the corp and EIN setup within about 3 days.

and no, i will not fedex any beers!!! but if you ever come to new york i will have one waiting for you...either pabst blue ribbon or milwaulkees best :Graucho

MrIzzz 09-28-2005 09:44 AM

Quote:

Originally Posted by Rice_Master
what are the steps you gotta follow in order to incorporate?


in the USA:

pick the state you want to incorporate in

choose the type of entity ie: LLC, S-corp, etc...

talk to a professional, accountant, lawyer, etc...and get the appropriate paperwork filed.

once you get the paperwork, call the irs, get your EIN, and then go get a bank account etc...

Babagirls 09-28-2005 09:47 AM

Quote:

Originally Posted by MrIzzz
...either pabst blue ribbon or milwaulkees best :Graucho

Milwaukees Best, please :winkwink: :thumbsup

Rice_Master 09-28-2005 09:47 AM

Quote:

Originally Posted by MrIzzz
in the USA:

pick the state you want to incorporate in

choose the type of entity ie: LLC, S-corp, etc...

talk to a professional, accountant, lawyer, etc...and get the appropriate paperwork filed.

once you get the paperwork, call the irs, get your EIN, and then go get a bank account etc...


thanks bro, after all that's said and done, how much does it cost?

ServerGenius 09-28-2005 09:50 AM

http://www.legalzoom.com/ for all your corperation needs.....I used them,
quick, easy and damn cheap :2 cents:

Basic_man 09-28-2005 09:50 AM

Cool, good move. Good luck with your projects :thumbsup

mynetporn 09-28-2005 09:54 AM

Congrats Izzz :thumbsup
Welcome to the world of paperwork and government bs.
Make sure you get someone good to do your books and save EVERY receipt.

Congrats again.

MrIzzz 09-28-2005 09:58 AM

Quote:

Originally Posted by Rice_Master
thanks bro, after all that's said and done, how much does it cost?


if you do it yourself, you can do it for about $50, lol. meaning you do the search the filing etc... but if you dont know how to do it you have a professional do it, and they do it for you anywhere from $200 to $600

MrIzzz 09-28-2005 10:00 AM

Quote:

Originally Posted by mynetporn
Congrats Izzz :thumbsup
Welcome to the world of paperwork and government bs.
Make sure you get someone good to do your books and save EVERY receipt.

Congrats again.


so i've heard, lol. i actually have a box in my office that i throw all my reciepts in and my wife is an public auditor so she has taught me how to arrange everything into an excel spreadsheet etc..

i hate paperwork but its time i organized everything

jukeboxfrank 09-28-2005 10:01 AM

Congrats

mynetporn 09-28-2005 10:15 AM

Quote:

Originally Posted by MrIzzz
so i've heard, lol. i actually have a box in my office that i throw all my reciepts in and my wife is an public auditor so she has taught me how to arrange everything into an excel spreadsheet etc..

i hate paperwork but its time i organized everything

Being organized will save you from many problems. An audit may be the least of your worries for now but you must save all the paper for years. Also I have found it best to have a CPA do the quarterly and annual taxes versus an inhouse accountant. The Gov seem to question the CPA's less even if your in house accounts come up with the same exact figure.

Not sure what accounting program you are planning on or currently using but make sure YOU know how it works and where to find everything. There is nothign worse than someone quitting or being sick and you need to find something and do not know where to look.

If you are looking for business credit with no interest till 2007 Capital One had an offer like that for new businesses. The credit line is not going to be much at first but they seem to increase limits quickly.

I wish you all the luck and if there is one more thing I need to say it is "It is your business and you need to know your business" employees come and go but you will be there throughout everyday.

Also remember you are responsible for everything that your company does and every person who does something in the name of your company. Remember CEO is short for Covering Every One. It also means Chief Executive Officer but the above statement has more meaning.

I am not trying to scare anyone from forming a company but having been through quite a bit in my failed and successful business I have done some stupid things that I regret and hate seeing others make the same mistakes.

Again good luck. :thumbsup

MrIzzz 09-28-2005 10:18 AM

Quote:

Originally Posted by mynetporn
Being organized will save you from many problems. An audit may be the least of your worries for now but you must save all the paper for years. Also I have found it best to have a CPA do the quarterly and annual taxes versus an inhouse accountant. The Gov seem to question the CPA's less even if your in house accounts come up with the same exact figure.

Not sure what accounting program you are planning on or currently using but make sure YOU know how it works and where to find everything. There is nothign worse than someone quitting or being sick and you need to find something and do not know where to look.

If you are looking for business credit with no interest till 2007 Capital One had an offer like that for new businesses. The credit line is not going to be much at first but they seem to increase limits quickly.

I wish you all the luck and if there is one more thing I need to say it is "It is your business and you need to know your business" employees come and go but you will be there throughout everyday.

Also remember you are responsible for everything that your company does and every person who does something in the name of your company. Remember CEO is short for Covering Every One. It also means Chief Executive Officer but the above statement has more meaning.

I am not trying to scare anyone from forming a company but having been through quite a bit in my failed and successful business I have done some stupid things that I regret and hate seeing others make the same mistakes.

Again good luck. :thumbsup

excellent advice :pimp

i also know a CPA as well and i will have them double-check my books too.

Fresh 09-28-2005 10:19 AM

Congrats Izzzz, good luck!

MandyBlake 09-28-2005 10:30 AM

congrats!!!

adultguus 09-28-2005 11:08 AM

Way to go MrIzzz!

Mack 09-28-2005 11:17 AM

Somehow I feel " The Business of being Mr. Izzz" would make for great reading.


I'm happy for you another step in the right directions.

HDADULT 09-28-2005 11:33 AM

Congrats Mr. Izzz! Personally I dont see how you could be in the business without
a corp. I prefer S-Corps with as less partners as possible.

Just_Dave 09-28-2005 01:04 PM

congrats buddy

Screaming 09-28-2005 01:05 PM

congrats man that is great, good luck with all future adventures

Sosa 09-28-2005 01:40 PM

congrats, one of the smartest things I did. Just keep all your paperwork handy and uptodate and organized for your accountant and everything should work out great.

loverboy 09-28-2005 02:11 PM

i guess about time MrIzzz, cheers mate!

:smokin

EZRhino 09-28-2005 02:11 PM

Congrats Iz :thumbsup

jonesy 09-28-2005 02:16 PM

good move on the LLC brotha! :thumbsup

Rui 09-28-2005 02:38 PM

I'm curious about whats to come from you...


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