solo venture ?s
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- kerus
for some reason i decided to go to my town hall today to try to be all legit and register myself as a business. the lady there was a complete crabass and it ended with my laughing at her telling me i should get an attourney and figure out what i want to do? blah
so im keeping my full time job until im too busy doing my own stuff which may or may not actually happen this year... but i want to get my own work up and running..
those of you who started off this way, did you bother registering as a business and all that? or can i just take the ball and run with it, and let an account figure the mess out at the end of the year?
the state ppl told me to talk to the town
the toen ppl told me to talk to my bank and a lawyer
lawyer and bank both said i need to be regstiered first
wtf?hallllp
- kerus0
forgot to mention... im in CT/USA which probably makes a difference.
- madirish0
download the form to do this from the state website and mail it in. seriously.
- mrdobolina0
If you have a tax ID, you can open a bank account in the business' name.
- kerus0
wooooo thanks dobs!
- kerus0
oh jesus, this opens even more cans of worms
even to jsut be a sole proprietary i have to have a fire marshall come and inspect my office? srsly what is all this bullshiti just want to maek innanetz
- kerus0
bingo: If your business is a sole proprietorship (owned and operated by an individual) or a general partnership, you do not need to register your business entity with the state.
this is an amazing amount of BS to wade through just to try to be semi-legit
- madirish0
dude,
you will still pay more in taxes if you do not. of course you do not 'need' to register a sole propriotorship w/ the state, but it is the federal level you car about anyway.
seriously- talk to an accountant and have them walk you through it. it is worth the time/money to do so and you will see the bigger picture explained in a way that will make you be comfortable with it.
:)
- kerus0
indeed, i had posted that before reading your note
thanks again, this is pretty overwhelmingmost of my friends seem to just "wing it" but i'd lose sleep doing that
- mrdobolina0
a big thing to worry about is liability. thus why people start s-corp's and LLC's
- nearestexit0
i think as a business, you also get to deduct 100% of any healthcare coverage you provide to yourself. I think individuals can't do that (it might have changed in the last several years).
either way, just start out as the sole proprietorship. it's easy and cheap.
one other thing to consider is that you can use your real name as your business name for a sole proprietorship but if you use a fictitious name, then you will have to register it and that is done with the state, not the local government.
- PonyBoy0
http://www.legalzoom.com/busines…
DIY. :)
When I created my weak-ass LLC in AZ... I had to publish in a Newspaper... not sure what else CT requires...
- mrdobolina0
weigh it all out, you may be better off staying indy. it all depends on what clients you have and how much you want to pay your acct.
- mrdobolina0
certain places (mostly gov but also businesses that deal with the gov) need you to have massive amounts of insurance. even though your work would never inflict that damage to their org. But having this insurance will kick down doors to projects that have incredible budgets.
- mrdobolina0
are you a minority by any chance?