tj444
Posts: 7574
Joined: 3/7/2010 Status: offline
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quote:
ORIGINAL: HunterCA quote:
ORIGINAL: tj444 quote:
ORIGINAL: HunterCA quote:
ORIGINAL: tj444 quote:
ORIGINAL: HunterCA My understanding of BAMA is he's seen it from a law enforcement perspective and I don't know why you'd expect him to know about incorporating in this country. I imagine very few police Chiefs or sheriffs know how to incorporate a business. I owned a business and don't know how to incorporate, my partners hired attorneys to do it for us. But, I wouldn't belittle Bama's law enforcement views on it. He may have points you don't understand from your place watching this. he makes plenty of ignorant posts, this isnt the first.. a simple google search can tell anyone how to incorporate easily and quickly and what is needed.. Incorporating is quite simple to do, especially for 1 person, all it takes is an internet search to find the state you want to incorporate in, and a few hundred dollars.. and there are plenty of ads on tv or in magazines for incorporation services like legalzoom.. (not that i would use them).. a partnership is more complicated as you should have a partnership agreement that covers the what-ifs and all that.. but again, plenty of books that can give you info what you need.. I wouldnt rely on lawyers to much without knowing much of that stuff yourself, there are crappy lawyers out there (I had to sue one for negligence).. I have learned that you are the best person to protect your interests.. when you do seek "professional" advice, always get more than one opinion.. i have never read about anyone committing forgery to operate a business.. i have read about employees that have committed forgery to steal money from their employer tho.. There is a Google search and easy incorporation and then there is sitting across the table from an IRS investigator reviewing your books. I'm not sure the easy way is the best way to go and that's not what my business did. Thankfully we did it with attorneys as in the seven years I was a partner the IRS dropped by twice to examine our books. Both times we were clean and the inspector went away happy. the IRS is taxation, its got nothing to do with incorporation at all.. For a small business, incorporation is very simple, its fill in the blanks, its boilerplate.. the hardest thing about incorporation is trying to figure out a good name!.. What kinda lawyer you are talking about, are talking about a run-of-the-mill lawyer that does incorporation and all sorts of other/general legal stuff, or are you talking about a tax lawyer?.. Tax lawyers are big bucks. Imo, the IRS inspector went away happy cuz you had your bookkeeping in order (which is usually handled by an accountant or bookkeeper) & the required tax, withholding for employees, etc paid when it was supposed to be paid & the amount that was supposed to be paid.. You gave him no reason to be "unhappy".. The biggest reason for using a tax lawyer is if you havent paid all your tax (tax evasion) but want someone to act on your behalf to negotiate becoming compliant (preferably without jail time) with the IRS. You dont want to do that using an accountant or anyone else, you want a good tax lawyer (for attorney-client privilege).. or if you are a very large multinational corp (like Google) and you want to negotiate advance pricing agreements with the IRS... Wow, how you structure your company financially is all incorporation....which is all about the IRS eventually. I stopped reading after your first sentence because your fundamental assumption was so wrong. how you structure your company? I was expecting that you already knew that!.. For a single owner starting a small business, C corporations are too expensive when you are starting out, sole proprietorships are too risky financially, the best, really, the only choice is LLC.. This is not difficult to understand..
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As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”
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