Consulting/LLC or Corp Experience

[John Albee]

Austin,

Do you want to expand your business to include more consultants besides
yourself?  If so, I would suggest setting up a S-Corporation.  I won't go
into what it is because a google search or a quick look thru nolo.com should
shed some light on what it is.  With a Corp. you are required to file
quarterly with Uncle Sam which is not difficult if your using quickbooks or
an equivalant.  A S-corp can have tax avantages if done properly.  Also, an
S-Corp creates a seperate legal entity for your business transactions which
is helpful in legal situations.  The only additional overhead I can think of
at the moment is the quarterly taxes and the annual corporate "meeting"(if
your the sole stock holder, its only a paper formality) which is required by
the corp. Commission if I remember right.  Regardless of which type of
business setup you choose, you should talk to a lawyer and an accountant for
more information.

--
John Albee
Active Computing, Inc.
voice: (602)448-4528
fax: (800) 852-3735
john@aciaz.com



-----Original Message-----
From: plug-discuss-admin@lists.plug.phoenix.az.us
[mailto:plug-discuss-admin@lists.plug.phoenix.az.us]On Behalf Of Austin
Godber
Sent: Monday, April 22, 2002 1:25 AM
To: PLUG Discuss
Subject: Consulting/LLC or Corp Experience


Hello,
	I was wondering whether anyone on the list has had experience with
doing independant contracting and using a LLC or some form of
corporation rather than just doing it as an individual.  Are there
advantages?  What additional overhead and expenses?  Insurance issues,
both personal health insurance and job related?


Thanks,
Austin
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