how to start a business

[Brian Densmore]

I would recommend a limited liability corporation over a
C or S corporation. It will avoid the double taxation and minimum
taxation issues. IIRC. It also has some downsides though. Like if
you start making too much money in the corporation. Don't have the
info right in my head, I'd have to look it up when I get home.
If anyone is interested in knowing specifically the downside to LLCs,
I'll
post it tomorrow.

> -----Original Message-----
> From: Paul Taylor [mailto:paul at kcnetcare.com]
> Sent: Tuesday, May 06, 2003 3:34 PM
> To: hanasaki at hanaden.com
> Cc: kclug at kclug.org
> Subject: Re: how to start a business
> 
> 
> I formed a C Corporation to keep my personal and business assets and
> liabilities seperate. Double taxation is a downside but that hasn't
> affected me yet.
> 
> Liability insurance is tricky for computer / network 
> consulting, I went
> through an insurance broker. I am also bonded.
> 
> My wife handles all my billing and accounts receivable (she 
> is one awesome
> CPA).
> 
> Keeps my overhead low. ;)
> 
> 
> > Would a couple of those that have started business (successful and
> > UNSuccessful) be willing to get together with those that 
> are looking to
> > do work and share their info / contacts on:
> > 	- scorp/ccorp/llc ... which did you choose and why
> > 	- how to incorp
> > 	- general liability insurance
> > 	- errors and ommissions insurance
> > 	- whatever else ..........
> > 	* please do post any of this info you are willing to share.
> >
> > Target date Sat 5/17 - maybe a BBQ too?
> >
> > Hey.. how do all of you folks do your billing and accounts 
> receivable?
> >
> > Thanks.
> >
> >
> >
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