Try this site for an Arizona Small Business Development Center. http://www.dist.maricopa.edu/sbdc/index.htm Most services they offer are free or at a very small cost. I've been to some really good seminars that they give and only charged $10. They can help with business plans, getting bank loans, sole proprietorships, small corporations, and any questions a new or existing small business owner has. When you start a business, you will most likely declare yourself a sole proprietorship or corporation. The best option is to start as a corporation because this is declared a separate entity than yourself and can still be run as a small business with you as the only employee. By being a corporation, any legal action would go against your business and not be able to come after you. As others have mentioned there is also the option of beginning a S-Corp. This is somewhat a combination of the two. You get a separate entity of a corporation, but it has a tax structure more like a sole proprietorship which means you don't have to pay as much taxes. To set up a corporation, it does cost anywhere from $200-500 in initial lawyer fees to draw up bylaws of your business and name it. That investment is well worth it in the long run. Like I said, talk to someone at a SBDC and they can fully answer any questions you have. Virgil Silhanek www.silhanek.com virgil@silhanek.com -----Original Message----- From: Carl Parrish [mailto:cparrish@cox.net] Sent: Monday, April 22, 2002 9:19 AM To: Plug-discuss Subject: RE: Consulting/LLC or Corp Experience I'm set up as an S-Corporation. it has its advantages but if you would be the sole stock holder and you would be the only employee I can't think of a reason you would choose S-corp over LLC. Its both a *lot* more papper work and more expensive to set up an S-corp. Oh the other reason NOT to choose LLC is if you expect to do out of state work. Carl P. On Mon, 2002-04-22 at 03:01, John Albee wrote: > 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 > ________________________________________________ > See http://PLUG.phoenix.az.us/navigator-mail.shtml if your mail doesn't post > to the list quickly and you use Netscape to write mail. > > PLUG-discuss mailing list - PLUG-discuss@lists.plug.phoenix.az.us > http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss > > ________________________________________________ > See http://PLUG.phoenix.az.us/navigator-mail.shtml if your mail doesn't post to the list quickly and you use Netscape to write mail. > > PLUG-discuss mailing list - PLUG-discuss@lists.plug.phoenix.az.us > http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss ________________________________________________ See http://PLUG.phoenix.az.us/navigator-mail.shtml if your mail doesn't post to the list quickly and you use Netscape to write mail. PLUG-discuss mailing list - PLUG-discuss@lists.plug.phoenix.az.us http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss