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
(text/plain)