ISO accountant and attorney for DCUM

[jsteele]

We are looking for recommendations for the following:

1) An attorney or other professional to help advise and set-up DC Urban Moms and Dads as an appropriate corporate structure (whatever that may be);

2) An accountant or other professional to help advice DC Urban Moms and Dads regarding taxes and other financial arrangements.

We are based in Washington, DC and should be considered to be a start-up despite our decade of operation.

Recommendations can be posted in this thread, or, preferably, emailed to "admin" at "dcurbanmom.com".

[Anonymous]

My accountant is mike fine with finesse tax accounting in dc. He was highly recommended to me on this board and we love him. I also have a small business and am incorporated etc.

[Anonymous]

Just don't make these forums a premium service, please Jeff!

[Anonymous]

Agree with pp, I will not pay for this but am happy to see whatever and how many ads you'd like to place.

[jsteele]

Anonymous wrote:Agree with pp, I will not pay for this but am happy to see whatever and how many ads you'd like to place.

Don't worry. We have no plans to start charging or ad additional ads. We just want to become more formal.

[Anonymous]

You do need a good accountant, but not a lawyer, any reasonably intelligent person can fill out the one-page form to start a single-member LLC.

[jsteele]

Anonymous wrote:You do need a good accountant, but not a lawyer, any reasonably intelligent person can fill out the one-page form to start a single-member LLC.

Part of what I want to discuss with the correct person is whether an LLC is the appropriate structure.

[Anonymous]

Unless you feel like being taxed twice on the same money, then yes, it is. But the accountant can explain that to you.

[Anonymous]

llc doesn;t make sense because what is yoru liability? who would sue you for what?

Inc but hey i am jsut a troll but i think it should be an inc.

how do you file the income you make now? Oh wait.tax man cometh?

[Anonymous]

Incorporating won't prevent you frim being personally sued. As a plaintiff's lawyer, if I have to sue a single-person entity, I aleays name the individual as a codedendant along with his company. Get a 250K umbrella policy and make sure it includes full coverage for what is known as "advertising liability" (basically libel).

[Anonymous]

Anonymous wrote:Incorporating won't prevent you frim being personally sued. As a plaintiff's lawyer, if I have to sue a single-person entity, I aleays name the individual as a codedendant along with his company. Get a 250K umbrella policy and make sure it includes full coverage for what is known as "advertising liability" (basically libel).

exactly but you woudl think they would have already had that.

do you think dcum has protected themselves from others taking this idea and running with it?

[jsteele]

Interesting discussion, but please offer some recommendations. So far, the only suggestion is Mike Fine. Any others?

[Anonymous]

Anonymous wrote:Unless you feel like being taxed twice on the same money, then yes, it is. But the accountant can explain that to you.

If the LLC elects to be taxed a partnership -- as most do -- you will not be taxed twice. You can limit your liability as an LLC but be taxed as a pass-through.

[jsteele]

More recommendations please. You guys are disappointing me. I thought I would be overwhelmed, but instead I am let down.

[Anonymous]

jsteele wrote:More recommendations please. You guys are disappointing me. I thought I would be overwhelmed, but instead I am let down.

Jeff, I guess the real question is what is your budget? The legal service sounds like a one-and-done type deal, but the accountant will probably be an ongoing thing.

Bet we have some accountants in your midst who might be willing to pick up an odd job if they're not working full time. But no matter how you slice it, you're looking at quarterly filing requirements and payments, etc. So, whatever structure you choose (and S corporation/LLC is probably your best bet), you'll need an ongoing relationship. So maybe you should make this a straight-up "help wanted" ad? You're also more likely to pay less with a moonlighter who doesn't have firm overhead. Just a thought.

And, no, I am not an accountant.