Forming a corp./LLC

[gms]

Quote from Joetrader:

Oh if you do start an S-Corp and a self directed pension it makes sense to pay top dollar to a top notch law firm to start and maintain both

And see how it's done so you can do it yourself again if you need another corp. down the road. In 1981 I incorporated my first business, paid a lawyer $600 for what turned out to be something I've since done myself without all the [it turns out] unnecessary gobbledegook the attorney worded in, and has cost me only for the State filing fee and a nice corporate record book at officeMax.

 

[JT47319]

A new entity can internally elect M2M accounting. But as an individual who has already filed taxes, you have to fill out the IRS change of accounting form since you are a pre-existing entity using, most probably, cash accounting. Or so I've been led to understand.

 

[alleyb]

http://www.delawarecorp.com/ cost 100 bucks for their fee and pay annual taxes of 200 a year. good simple site. lists the costs etc. I was impressed by the turnaround