For a decision like this you should really consult an attorney. Each state has different rules and requirements for any of the choices you might select. Although an attorney's time is expensive, it is worth up to $150 to spend an hour with one who can advise you on this matter. When you go in for the consultation, have your business facts and projections in order so you don't have to spend more than one hour with the attorney, and don't let him or his office pursuade you to let them prepare your paperwork for whichever course of action you decide to pursue. In almost all cases, you can prepare the paperwork yourself or at an online legal service for much less than an attorney would charge..
If you can not afford an attorney for one hour of advice, perhaps you should hold off on the limited partnership or incorporation until your business is actually generating a bit of income.
Submitted 257 days ago...
How do I register my new company?
Hi- I'm starting a home staging business with a partner. I'm not sure which is the best way to register it. LLC, partnership or inc. I think it will take a little while before we have alot of cash flow, so whatever is easiest for taxes. what do you recomend?
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Or even a sole proprietorship? I'm thinking about a starting a business and I'm not sure what kind of business is right for me.
My sister is looking at starting a business and while she is pretty smart, she has no business knowledge other than some accounting. How can one find out how to register a business name and get set up with tax...
Or even a sole proprietorship? I'm thinking about a starting a business and I'm not sure what kind of business is right for me.
Or even a sole proprietorship? I'm thinking about a starting a business and I'm not sure what kind of business is right for me.
