 Bob Brown was recently involved in a minor auto accident. His car was hit from behind, and he, in turn, slamme |
| Bob Brown was recently involved in a minor auto accident. His car was hit from behind, and he, in turn, slammed into the car in front of him. He would like someone to explain his coverage and show ... |
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 Health Insurance For Companys with 75 or more Employes.? |
| I work for a Trucking company with over 75 employes .I have worked there for 15 months, other employes have insurance from the company,is there any time limit or a law that has to do with Company I... |
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 I require insurance fo a non profit morris dancing troupe? |
| i run a morris dancing troupe and want to insure about 30 girls for compertitions and practice nights for accidents whilst dancing or traveling to and from ... |
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 Insurance for pre- existing condition? |
| My friend was recently diagnosed with a brain tumor, she has scheduled a MRI for march and then they will determine whether she can go through surgery. The problem is she had recently exchanged ... |
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 My car was damaged by paint overspray at my job. Shouldn't my boss or his insurance be liable? |
He would not pay or file on his insurance so I filed on my insurance. He told me that if my insurance tries to make him pay he wil fight it. Shouldn't he be liable?
Additional Details... |
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 What is the best insurance company? |
| I'm looking for a company that offers life, auto, and home insurance. Good rate and customer service.... |
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 I am married and living out of my parents' state, can I still be under their auto insurance policy? |
| The car is registered in their (my parents) name with me as the main driver, but our agent is telling us that I should get my own separate insurance. Do I need to do this, or can I still be covered ... |
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 What insurance agencies provide supplemental unemployment insurance? |
| Hi. I have learned recently that my company will be going out of business and I will be let go in about 2 months. I need to find a company that will pay supplementary unemploymnet insurance (on top ... |
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 I have insurance payment out of my account on the 7th, can i speak to AA to debit my account another day.? |
| Basically I have a direct debit going through for my insurance on the 7th, but I won't have any money in my account. I would like to avoid incurring any charges so should i contact AA and ask ... |
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 Please answer 10 points best answer? |
| i do not have any health insurance and rarely do i feel the pain of that.I have a yearly visit and usually pay cash and it is okay. Lately i have had a specified problem and need to see a specialist. ... |
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 No dental insurance afterall, am I in trouble? |
| I am currently working at a hospital a total of 20 hours a week. You need to work at least 24 hours a week to be elidegable for insurance. My boss said that I would be getting "more hours soon&... |
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 My refund check was stolen and cashed and the company will not reissue. How do I find out who stole my money? |
| My previous insurance company owed me a refund check from February. After over 30 days I called to follow up. They stated that the check was issued on April 24th. I told them in May that I had not ... |
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 What to say to claim adjuster..I need help? |
| I got injuried in april of last year. my landlord finally forward my letter i sent him last week over to his insurance company. I had lawyers before but they wasnt doing a great job. but once my ... |
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 Help with contractors liability insurance? |
| Hi, i've just set up a new construction company and need to look into contractors/public liability insurance/assurance???!!! Basically i dont have a clue about it!!! Is there anyone out there ... |
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 Can an inheritance of a will be entile to any monetary with the beneficiary of a life insurance? |
Are they relate to each other?
Additional Details
Supposed person A is one of the inheritance on the will and person B is the only beneficiary on the life insurance, when the testator/... |
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| How long can you be without insurance before it's considered a lapse in coverage? |
| I carry insurance now, which will end at the end of April. My husband's insurance will pick up on June 1. Is this too long of a lapse in coverage? And will the new insurance cover '... |
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Wayne B | Ho do I become "Incorporated" ...I am self employed and by Sept I must be incorporated... Any help?? |
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swifty
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Corporations are registered with the Secretary of State, and the process varies across jurisdictions. There are a number of self-help legal books you can use to decide if you want to incorporate, choose which type of corporate entity, and help you figure out all the paperwork. See below.
The $800 minimum tax is negligible, really; just be sure you have a good CPA on your team to help you adjust your "bottom line" so you end up with your tax bill being...you guessed it, $800. The rest can be taken out in salary, benefits, etc. For this reason, the fear of "double-taxation" is a myth (it only applies when the corporation has paid tax on a net income, and then paid a dividend to shareholders - you; if you take the money out in salary/bonuses/etc., then there will be no dividend payout). There are many employee benefits that are available tax-free for owners/employees of C corporations, that would be taxable under any other business entity structure.
You can also use an online service such as legalzoom, or hire a legal document assistant to provide you with information and prepare your corporate paperwork. If, however, you are not comfortable handling a legal matter yourself, you should definitely see an attorney. Regardless, you should get a CPA on board right away so you set everything up in a way that maximizes the tax advantages for you. |
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Dave1001
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I am not a big fan of incorporating. It is expensive to do, and for the personal liability avoidance benefit? I don't think so. For the $800 it costs to incorporate, you can buy several million dollars worth of liability insurance.
I would look at just sticking with a sole proprietorship unless you've got some super COMPELLING reason to incorporate. Check with a CPA (Certified Public Accountant) and ask him/her whether you should consider Incorporation, Partnership, or Sole Proprietorship. He/she will be able to give you the ins and outs of this move. |
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Ron C
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Go online and look for information. You can do it yourself, or get a lawyer, the cost is minimal. Lots of companies incorporate in Deleware because the laws are friendly to companies there. You can become a C corporation like the big boys or an S corporation like many small companies. The S corp has fewer legal requirements and acts as a pass through for your income and expenses. |
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Miss Breaux
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I went to this web site to help answer your question. Maybe it will help. http://www.legalzoom.com/corporations/Incorporated.html |
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avaldreteiv
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In order to incorporate, it is best to see a lawyer who specilizes in setting up corporations. A couple of suggestions, when looking at incorporating, keep in mind two things, 1) You could beef up your personal liability for the same or less cost annually with a personal liability policy, 2) depending on the corporate status, you may be in a better tax status by not being incorporated.
Having said this, I like the idea of incorporating a business if your plans are to keep the business going after you are no longer able to work in it, want to take advantage of some tax loopholes that are not available to sole props or partnerships, and also want to combined these with the asset protection piece of the "corporate vail." You must also be willing to put in the time on an annual basis to keep your corporate documents up to date because just becuase you have a corporation, doesn't mean you are fully covered.
One last note: Be wary of anyone or any website that tells you that their corporate documents are good in every state... each state has it's own rules for incorporating... this is why it is so important to go to a lawyer who specializes in this field. |
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sweetmommy
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You will need a lawyer to help incorporate yourself. Most any lawyer can draw up the paperwork. |
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