Starting a Business

[Jenny Charlene]

On Thursday 20 February 2003 04:52 pm, Ed Skinner wrote:
>      What sort of incorporation would be best? A "subchapter S"
> incorporation was suggested. 

Sub S is good, mostly if you're going to stay small, avoids double taxation, 
but the most important thing to remember is that *you* don't make yourself a 
Sub S corp. the *IRS does*!!! You file the papers with the IRS after you've 
done the state paperwork. If you don't the IRS will come gunning when your 
paperwork calling yourself a Sub S doesn't jive w/ their records.

That and getting a good accountant is more important than getting a lawyer.
-- 
Take care,
Jenny

Random quote of the day:
And... What in the world ever became of Sweet Jane?
	She's lost her sparkle, you see she isn't the same.
	Livin' on reds, vitamin C, and cocaine
	All a friend can say is "Ain't it a shame?"
		-- The Grateful Dead