RE: home business-getting started
- From: "rick watson" <rwatson@xxxxxxxxxxxxxx>
- To: <programmingblind@xxxxxxxxxxxxx>
- Date: Mon, 1 Jun 2009 11:41:19 -0400
Good morning listers,
As I understand it, the down side to this is that if you ever have a problem
and someone takes legal action against you, everything including personal
assettes are fair game.
Rick
-----Original Message-----
From: programmingblind-bounce@xxxxxxxxxxxxx
[mailto:programmingblind-bounce@xxxxxxxxxxxxx] On Behalf Of Sina Bahram
Sent: Monday, June 01, 2009 11:34 AM
To: programmingblind@xxxxxxxxxxxxx
Subject: RE: home business-getting started
You do not need a license, but you do need a tax guy to do some of the paper
work. When folks pay you, they can contract you as a 1099 employee , but
that means you pay both parts of federal and state, so the taxes are higher,
but it's ok because you probably have a ton of expenses to show.
Take care,
Sina
-----Original Message-----
From: programmingblind-bounce@xxxxxxxxxxxxx
[mailto:programmingblind-bounce@xxxxxxxxxxxxx] On Behalf Of Tyler
Littlefield
Sent: Monday, June 01, 2009 11:31 AM
To: programmingblind@xxxxxxxxxxxxx
Subject: Re: home business-getting started
I was thinking about going that, then using llc later. Will I need a licence
to get going?
Thanks,
Tyler Littlefield
Web: tysdomain.com
email: tyler@xxxxxxxxxxxxx
My programs don't have bugs, they're called randomly added features.
----- Original Message -----
From: "Sina Bahram" <sbahram@xxxxxxxxx>
To: <programmingblind@xxxxxxxxxxxxx>
Sent: Monday, June 01, 2009 9:12 AM
Subject: RE: home business-getting started
> You don't need a lawyer for this because you don't need to incorporate.
> Just phrase it as a soul propriotorship.
>
> Just get a good CPA.
>
> Take care,
> Sina
>
>
> -----Original Message-----
> From: programmingblind-bounce@xxxxxxxxxxxxx
> [mailto:programmingblind-bounce@xxxxxxxxxxxxx] On Behalf Of Ricks Place
> Sent: Monday, June 01, 2009 7:04 AM
> To: programmingblind@xxxxxxxxxxxxx
> Subject: Re: home business-getting started
>
> Hi TY:
> You are going to start a business. You are going to be a professional or a
> Contractor in effect. Getting a Lawyer is a very good idea but the
> paperwork
>
> he will need to do is very standard and minimal so he should not charge
> much, shop around by phone. I will go back and see if I saved any notes
> when
>
> I was about to do the same thing. You just need to keep track of what you
> take in and spend and the hours you actually work. If you are on Social
> Security or Medicaid there are rules about how many hours per week you can
> work and how much you can make before you lose your benefits. There are
> also
>
> trial periods for Social Security etc...
> It all gets a little complicated and an experienced lawyer can help you
> sort
>
> all the ifs ands and buts. You don't have to actually start a business
> that
> requires anything more than you keeping track of what you do, no
> accounting
> system stuff other than just what you normally might do with a little more
> detail and documentation in case there are any questions.The only thing I
> can say is that you will be like a Doctor, Plumber or other Professional
> providing a service. I don't know if you actually sell products if there
> is
> any diference. There are several types of business. The Type S Corp is for
> small businesses who don't want to Incorporate, it is for a single person
> or
>
> small partnership. It is overkill though since it requires some accounting
> hoops. Thereare a couple of other business forms, I forget off the top of
> my
>
> head, for contractors and professionals with fewer requirements. I will
> scrounge around a little but you should get a lawyer in any case. You want
> limited Liability so if sombody sues you you are only responsible for
> payments to the extent of your business, you want simple or no additional
> accounting tax requirements and any other safety and easy helper features
> of
>
> the business type you are going to start. I think my lawayer was going to
> charge me about $150 to set up the business. I would have had to report my
> taxes quarterly and had limited liability to the assets I put into the
> business. I was going to work less than the maximum hours allowed under
> Social Security so would not lose that income and run the business as a
> part
>
> time venture. This sounds like a plan for you as well depending on your
> current involvement with Government Programs like Social Security.
> Well, I will see if I saved anything on my business plan which included
> the
> legal framework.
> I will get back to you later but start googling and find a number of
> lawyers
>
> in your specializing in small business startups who you can ask questions
> of
>
> on the phone before you have to pay something to start the business. You
> will learn more as you google, hear from me and talk to the lawyers. Also,
> ask on other lists how self employed programmers are handling the business
> type and tax requirements.
> Rick USA
> ----- Original Message -----
> From: "Tyler Littlefield" <tyler@xxxxxxxxxxxxx>
> To: <programmingblind@xxxxxxxxxxxxx>
> Sent: Monday, June 01, 2009 2:15 AM
> Subject: OT: home business-getting started
>
>
>> Hello list,
>> I've thought about doing a computer repair/virus removal performance
>> tuning type of business, and was going to put an add in the news paper.
>> I'm wondering what kind of hoops I need to jump through; it looks like I
>> need a couple of licences from the CO website, but I'd like to see how
>> things go before I have to get a lawyer and etc. Is there a legal way to
>> run it and record earnings while I see if I'm going to make enough money
>> to make this worth it?
>> Any ideas/advice would be great; I wasn't sure where to ask, and I
>> believe
>
>> there are a few people on the list that run a business that may be able
>> to
>
>> throw out some ideas.
>>
>>
>> Thanks,
>> Tyler Littlefield
>> Web: tysdomain.com
>> email: tyler@xxxxxxxxxxxxx
>> My programs don't have bugs, they're called randomly added features.
>>
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