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 aContractor in effect. Getting a Lawyer is a very good idea but the paperworkhe will need to do is very standard and minimal so he should not chargemuch, shop around by phone. I will go back and see if I saved any notes whenI 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 canwork and how much you can make before you lose your benefits. There are alsotrial periods for Social Security etc...It all gets a little complicated and an experienced lawyer can help you sortall 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 accountingsystem 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 Professionalproviding a service. I don't know if you actually sell products if there isany diference. There are several types of business. The Type S Corp is forsmall businesses who don't want to Incorporate, it is for a single person orsmall partnership. It is overkill though since it requires some accountinghoops. Thereare a couple of other business forms, I forget off the top of myhead, 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 additionalaccounting tax requirements and any other safety and easy helper features ofthe 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 underSocial Security so would not lose that income and run the business as a parttime 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 thelegal framework.I will get back to you later but start googling and find a number of lawyersin your specializing in small business startups who you can ask questions ofon 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 startedHello 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 believethere are a few people on the list that run a business that may be able tothrow out some ideas. Thanks, Tyler Littlefield Web: tysdomain.com email: tyler@xxxxxxxxxxxxx My programs don't have bugs, they're called randomly added features. __________ 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 __________ 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