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get a good accountant who will advise you. I like having my taxes withheld as an employee of the corporationevery pay day rather than ponying up the quarterlies every three months.
-------------------- Bob Sauls Sauls Signs & Designs Tallahassee, Fl
"Today I'll meet nice people and draw for them!" Posts: 765 | From: Tallahassee, Fl | Registered: Jun 2009
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Hiya Peter, I started as a "S" corp, so, I know nothing on how to switch. I chose this option to limit my liability and because an attorney owed me a favor. So, it only cost me the filing fees. However, it may not be for everyone. There is a lot more paperwork associated with a corporation - bylaws, meetings and minutes, officers and more. I would talk to both your CPA and attorney before making the switch. And, your CPA might be able to file the paperwork for you and save you a few bills in attorney fees.
Havin' fun,
Checkers
-------------------- a.k.a. Brian Born www.CheckersCustom.com Harrisburg, Pa Work Smart, Play Hard Posts: 3775 | From: Harrisburg, Pa. U.S.A. | Registered: Nov 1998
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This is Jane on Ben's computer. We are in the process of doing an LLC. Call your accountant or lawyer and let them advise you. I did a BUNCH of reading abut it and finally gave up and went to the lawyer. He did 15 minutes of explaining and he filed that papers. LOTS easier!!!
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I agree with Brian & Jane. Get an attorney and have him to explain the pro's and con's of each option so you can make an informed decision about what works best for you.
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get yourself a cpa and a good attorney and dont worry about it. i dont know how to do these things and could care less about learning. CPA will know whats best for you
-------------------- You ever notice how easily accessible people are when they are requiring your services but once they get invoice you can't reach them anymore
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We did an LLC a few years ago mainly for asset protection. In our state you can apply and file yourself which if I remember was thru the Secretary of State. Every year the state sends me a reminder to renew which costs $25.
Talked to a lawyer and they wanted $700 plus fees for something he has a secretary do.
Process was quick and online, they accept credit cards too. Not everyone will want to do this themselves but you can if you want. It cost me $125. Do a little research, the time is well spent as you learn an awful lot.
A top notch accountant is a must. These guy's are the ones who save you money.
Please don't get me wrong, I am not against lawyers, when you need one they are worth their fees and I have used them. I just like to do as much as I can by myself, I change my own oil too, it's therapy, like hand lettering.
-------------------- Curt Stenz Graphics 700 Squirrel Lane Marathon, WI 54448 Posts: 590 | From: Marathon, WI 54448 | Registered: Dec 1998
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