Re: home business-getting started

  • From: "Tyler Littlefield" <tyler@xxxxxxxxxxxxx>
  • To: <programmingblind@xxxxxxxxxxxxx>
  • Date: Mon, 1 Jun 2009 09:46:18 -0600

it is, though suing me for personal assets wouldn't be a good move, considering nothing is under my name. 



Thanks,
Tyler Littlefield
Web: tysdomain.com
email: tyler@xxxxxxxxxxxxx
My programs don't have bugs, they're called randomly added features.
----- Original Message ----- From: "rick watson" <rwatson@xxxxxxxxxxxxxx> 
To: <programmingblind@xxxxxxxxxxxxx>
Sent: Monday, June 01, 2009 9:41 AM
Subject: RE: home business-getting started



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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