Yes, Sina is wrong. Exactly what business structure are you going to set up? I have known several folks who did contract work without setting up a LLC, they set up other types and I don't remember what they were but I have said my piece. You are being penny wise and pound foolish if your structure does not give you limited liability on your family's assets.
Over and Out: Rick, The chicken hearted----- Original Message ----- From: "Tyler Littlefield" <tyler@xxxxxxxxxxxxx>
To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, June 01, 2009 12:38 PM Subject: Re: home business-getting started
Sina isn't wrong; I know plenty of people that do a soul setup, and it works. LLC is safer, yes. Cheaper? No.Thanks, Tyler Littlefield Web: tysdomain.com email: tyler@xxxxxxxxxxxxx My programs don't have bugs, they're called randomly added features.----- Original Message ----- From: "Ricks Place" <OFBGMail@xxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, June 01, 2009 10:35 AM Subject: Re: home business-getting startedHi Rick: Spot on. If ty gets hit by some fluf head who breaks the computer and blames him he will need a lawyer then and pay him thousands. Then if he loses the case he can lose everything he owns and perhaps be liabl for much more than that as well. There are Third Party Liabilities he could face if someone uses his work to do something that causes problems and copyright laws or just folks who file suits to see if they can get something for nothing ... If he goes to someone's house and they say he broke their computer or spilled something on their $3000 carpet he can be sued. If someone visits him and falls down he can be sued. If he does not smile at a customer and their feelings are hurt he can get sued. Now, he might win or not. Either way it will cost him big time and his house, car, all his money and perhaps his future income could be in jeopardy . Sina is wrong to counsol him to use only a CPA and, in fact, a good CPA will tell him to talk to a lawyer or set him up in something like a LLC or other limited liability business structure.Rick USA __________View the list's information and change your settings at //www.freelists.org/list/programmingblind__________View the list's information and change your settings at //www.freelists.org/list/programmingblind
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