Anonymous
Post 04/19/2014 22:00     Subject: starting a small business ...for dummies!
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I would hire a lawyer. I am a corp lawyer and there is a lot of wrong advice in this thread. Call the state bar where you live and ask for recommendations for small biz lawyers.


I rarely call things stupid but this is one of those times. This is incredibly stupid and what a horrible attorney you must be.

I came from a poor background and built two very successful businesses. Don't hire a lawyer to do this unless you are making a TON of money. Don't incorporate until you need to and don't hire an attorney to do something so simple an adult chimpanzee can do


Exactku when do you "need to incorporate"? Good luck to your future lawyers who will have to clean up your mess when someone pierces the veil. You'll pay many multiples of the $300 you could have paid to get them to set it up correctly in the first place.



You need to incorporate when you have something worth suing you for. When the business gets bigger than the person who owns it. That's when.


Okey dokie.
Anonymous
Post 04/19/2014 21:53     Subject: starting a small business ...for dummies!
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:I would hire a lawyer. I am a corp lawyer and there is a lot of wrong advice in this thread. Call the state bar where you live and ask for recommendations for small biz lawyers.


I rarely call things stupid but this is one of those times. This is incredibly stupid and what a horrible attorney you must be.

I came from a poor background and built two very successful businesses. Don't hire a lawyer to do this unless you are making a TON of money. Don't incorporate until you need to and don't hire an attorney to do something so simple an adult chimpanzee can do


Exactku when do you "need to incorporate"? Good luck to your future lawyers who will have to clean up your mess when someone pierces the veil. You'll pay many multiples of the $300 you could have paid to get them to set it up correctly in the first place.



You need to incorporate when you have something worth suing you for. When the business gets bigger than the person who owns it. That's when.
Anonymous
Post 04/19/2014 20:46     Subject: Re:starting a small business ...for dummies!
Yes, Delaware means nothing. Even if you set up there, you must file state taxes in the state where you earn the money.

Don't forget local business license!
Anonymous
Post 04/19/2014 16:05     Subject: starting a small business ...for dummies!
Anonymous wrote:From now on I am just LLCing in Deleware. DC Sucks!


Why Delaware? From what I read whilst researching, the benefits of setting up your business as a Delaware entity are overblown unless you're a big corporation.
Anonymous
Post 04/19/2014 16:01     Subject: starting a small business ...for dummies!
OP, are you just selling your old junk on eBay? If you're selling stuff for less than you paid for it, you don't need to worry about doing any of this stuff.
Anonymous
Post 04/19/2014 15:13     Subject: starting a small business ...for dummies!
Anonymous wrote:
Anonymous wrote:I would hire a lawyer. I am a corp lawyer and there is a lot of wrong advice in this thread. Call the state bar where you live and ask for recommendations for small biz lawyers.


I rarely call things stupid but this is one of those times. This is incredibly stupid and what a horrible attorney you must be.

I came from a poor background and built two very successful businesses. Don't hire a lawyer to do this unless you are making a TON of money. Don't incorporate until you need to and don't hire an attorney to do something so simple an adult chimpanzee can do


Exactku when do you "need to incorporate"? Good luck to your future lawyers who will have to clean up your mess when someone pierces the veil. You'll pay many multiples of the $300 you could have paid to get them to set it up correctly in the first place.
Anonymous
Post 04/19/2014 13:23     Subject: starting a small business ...for dummies!
Why do this at all? You can make a lot more by not paying taxes on the income. Just do business offshore.