MessageGeoff, I, in large part disagree with some of the other responses. I know for me being an S-Corp has been significantly beneficial on a number of fronts no the least of which is that I keep much more of my income every year (pay less payroll, collect some dividend). Of course, I'll assume you've figured this already as you don't seem to be asking if Incorporation is worth it, just how to do it. My Accountant took care of the entire process for me: filing the papers for stock issuing, establishing the board (all one of me), Filing the business name papers, etc. I never once worked with an attorney that I recall. Perhaps my accountant did on my behalf I don't know. My clients write checks either to my business name (I have established both Checking and Savings accounts for the business) or to me. Doesn't matter. What matters is that you deposit all those checks into your business accounts first as a matter of course. As far as paperwork goes, for me it really doesn't amount to much work. I file some quarterly reports and of course annual filings - which my accountant handles. The additional paperwork is maybe an extra hour per quarter. Hope that helps some. William R. Monroe SNIP Today's questions are directed to those among you who have actually gone through the process of starting a corporation and then converting it to an S corporation. : What, exactly, is the process? : Did you do it yourself, or did you hire an attorney? : Changing from Sole Proprietor to Corporation, how do you cover the question of stocks and board meetings? : What about creating a business "name" that ends in Inc., Corp., or Ltd.? To whom do your tuning clients write their checks to? I've found all the forms. And even though there are only about three really basic items being asked for on them, I find myself overwhelmed with questions and procedures regarding the process of actually acquiring and/or creating those items. So I guess my only real question is: How did you do it? -- Geoff Sykes, RPT -- Los Angeles -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20080319/44443fd5/attachment.html
This PTG archive page provided courtesy of Moy Piano Service, LLC