Consulting/LLC or Corp Experience

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Author: technomage
Date:  
Subject: Consulting/LLC or Corp Experience
well hey,
I'm looking for some employment along these lines.

I have training as an accountant (through glendale community college).

otherwise, working as a consultant should be right up my alley (so to speak).

looking for help?

Technomage

On Monday 22 April 2002 03:01 am, you 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.


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