Incorporation questions

[Willem Blees]

-----Original Message-----
From: Geoff Sykes <thetuner at ivories52.com>
To: 'Pianotech List' <pianotech at ptg.org>
Sent: Wed, 19 Mar 2008 11:59 am
Subject: RE: Incorporation questions



Greg --

 

>From what I have read I thought forming a corporation required you to create stock. Item #4 in the Articles of Incorporation requests a declaration of the number of shares, the type and their worth. Of course you aren't obligated to sell any of it, you just have to create it. How did you create stock? Or, how did you file the Articles of Incorporation without declaring stock?

 

-- Geoff Sykes, RPT

-- Los Angeles





 

 Greg

That is why you need a lawyer, or at most, an accountant who understands how this works. More money spent. 

Wim 










-----Original Message-----
From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Greg Newell
Sent: Wednesday, March 19, 2008 6:03 AM
To: 'Pianotech List'
Subject: RE: Incorporation questions




Goeff,

                Good questions all. I recently did that process at the start of this year since, from the urging of my tax professional, it was better for some reason having to do with employees and such. I did not hire an attorney, the process is a huge load of paperwork (at least by my standards), if I understand things correctly there is no need for issuing stock or having board meetings although you could if you like, creating a name is easy – just think of one and attach inc. to the end of it. I use Greg Newell Enterprises, Inc. dba (for doing business as) Greg’s Piano Forté.

                In short I let my tax folks do all that garbage. I do pianos, they do taxes. Let them do what they do best and I’ll continue to do what I do best.

 


Greg Newell

Greg's Piano Forté

www.gregspianoforte.com

216-226-3791 (office)

216-470-8634 (mobile)


 



From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Geoff Sykes
Sent: Wednesday, March 19, 2008 1:47 AM
To: Pianotech at Ptg. Org
Subject: Incorporation questions



 


Greetings all --



 



I have gone through the archives and found the subject of Corporations and S Corporations has come up a couple of times. But those discussions were brief and didn't really delve into the process. For a number of reasons my tax guy has strongly advised me to go the S Corporation route.



 



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




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