Any have any experience with this? As of now the plan is to incorporate with a close friend being a majority holder. It cost $300 bucks from what I understand and as of right now its just to kind of give he and I a tax break, although we do plan to merge into a full-scale EMR Migrations consultancy in the near future.
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Originally Posted by GetOffTheCar
Has anyone really been far even as decided to use even go want to do look more like?
Any have any experience with this? As of now the plan is to incorporate with a close friend being a majority holder. It cost $300 bucks from what I understand and as of right now its just to kind of give he and I a tax break, although we do plan to merge into a full-scale EMR Migrations consultancy in the near future.
You should consult a tax attorney. I dont know what tax break you are expecting but there are likely better vehicles to use to form your business. With two people a L.L.C. is usually more beneficial and easier to set up and run.
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Originally Posted by Albert Einstein
The world is a dangerous place to live, not because of the people who are evil, but because of the people who don't do anything about it.
You don't need to use Legalzoom. You can get the forms you need to file from your state's secretary of state website and cut out the middle man. You will need some sort of articles of incorporation to define each of your roles.
^^^ and you just got answers from two of the best sources on the site on the subject.
I wouldn't get into anything with any friends ever. Period.
If you did want to move forward, you'd want to go to a Tax Attorney and then a CPA. They will charge a consultation fee, but they will sit you down, listen to you and explain in terms you can understand what the best entity for your needs is.
Pay for their advice and learn from it.
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If at first you don't succeed... **** the fat one
I (briefly) thought of LegalZoom, but wasn't able to get any of my questions answered regarding recommendations for what type of incorporation, tax implications, etc. I ended up working with an attorney specializing in small business / professions. Cost about $800, but also included ALL the paperwork, advice regarding how to conduct the various required company functions, referral to a qualified tax specialist (who showed me how to save a bundle of money). IMHO, well worth the few extra $$, and ended up getting help on contracts, non-disclosure agreements, business plans, Federal EIN numbers, etc. The more than 3 hours of personal consultation was extremely valuable.
I wouldn't get into anything with any friends ever. Period.
If you did want to move forward, you'd want to go to a Tax Attorney and then a CPA. They will charge a consultation fee, but they will sit you down, listen to you and explain in terms you can understand what the best entity for your needs is.
I had my accountant start up my corporation for me, I was a dba and was getting hammered in taxes especially the amt tax. I agree with everyone else on the starting a business with a friend, it is not a good idea.
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I (briefly) thought of LegalZoom, but wasn't able to get any of my questions answered regarding recommendations for what type of incorporation, tax implications, etc. I ended up working with an attorney specializing in small business / professions. Cost about $800, but also included ALL the paperwork, advice regarding how to conduct the various required company functions, referral to a qualified tax specialist (who showed me how to save a bundle of money). IMHO, well worth the few extra $$, and ended up getting help on contracts, non-disclosure agreements, business plans, Federal EIN numbers, etc. The more than 3 hours of personal consultation was extremely valuable.
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