East Bay Business Daily

What options do you have incorporation or what?

What can you do to protect your site and recieve payments to your company and be able to pay people for working for you. Incorporation is that the only thing? or is there something else?

Public Comments

1. definately need more info to answer fully. Protect what from what? Incorporation is governed by the individual states in the USA. So the answer will ultimately depend on which state the business is physically located in. there are several forms of business entities C Corporations S Corporations LLC's General Partnerships Limited Partnerships Sole Proprietorships Joint Ventures Mutual Benefit Corporations Not-for-Profit Corporations Just to name the basic ones......... I would recommend seeing a business attorney Guy
2. Search your State Department of Incorporation. Determine if they have a law for a single member LLC. This is by far the cheapest form of incorporation and will give you the option of filing a schedule C, 1120, or partnership tax return by simply checking a box. If you can get a single member LLC, then contact the IRS at 1-800-tax-form and ask for a publication on LLC taxes. You can do all this by yourself and save the business attorney fees. Of course if you are opening a major business then by all means start forking 1k or more to an attorney to set this up.