I am an LLC. I wanted to separate me from my business for the state although in CA it costs an arm and a leg in taxes. I filed as soon as I had enough revenue from clients to make it worth it.:thumbsup:
I am an LLC - S corp. "My accountant said that I am one of 2 clients that use that designation. It costs more to file as a S-corp each year but it is another step to keeping my personal and businesses assets separate.
I am just starting my business in Texas but being virtual I could accept work outside of the state, I was wondering do I also need a registered agent in that state. Also I was not sure if I should use myself as the Registered Agent or use a service. I was looking at Legal Zoom but their review did not look good. Any advise is greatly appreciated!
Check out the sba.gov site http://www.sba.gov/tools/local-assistance
in your local area and they may have links or even give or know of where there are free consultations including legal for your business.
Since my husband and I are co-owners and co-founders, we're actually filed as a QJV (Qualified Joint Adventure), which is almost strictly a husband/wife venture. It was the brainchild of the IRS so that husband and wife could file jointly as a sole proprietor. Nobody else seems to have heard of it, but it was a good way to start out. My husband has a full-time job outside now, so the business is pretty much my animal now; I'm looking into refiling as an LLC.
Are you speaking as getting an actual corporation (inc.) or an LLC? The reason that I ask is that with an LLC you file an election with the IRS stating if you wish to be taxes as an S Corp or a C corp otherwise it defaults to a partnership (two members) or sole proprietorship (one member).
I am fortunate enough to have an aunt who is a CPA and after being a paralegal for 18 years, I have numerous attorneys at my disposal.