Incorporation questions

[Greg Newell]

Geoff,

 

                Don’t read snippy into this but 
 re-read my last sentence.
J

 

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 5:59 PM
To: 'Pianotech List'
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


 

 

-----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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