Re: Business Entity Poll
I have a corporation but only because I already had one for my other ongoing business and am just bringing VA into this business as a "division". It was necessary to form a corp with my other business as legal liabilities could be too great (security agency). I was informed by an attorney that a full C corp offers the fullest protection. 20+ years ago I had an atty form the corp for $500 (probably a lot cheaper now & can do one by yourself on the web). The cost now is only $10.00 yr to the Sec. of State. We also have to have a very large liability insurance policy. But if I were doing the VA only I would just form an LLC & get an Errors & Omissions policy.
__________________
|