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#1 (permalink)   01-03-2012 Tess Senior Member Company name: Codehead, LLP Latest blog post: SEO Q&A   Join Date: Apr 2007 Location: Portland, OR Posts: 9,131 Blog Entries: 3 Are You Operating Under the Right Legal Structure? I thought this was a great article from NOLO - pertinent to any VA who's business is growing and changing. Small Business Check-Up: Are You Operating Under the Right Legal Structure? Analyze whether a sole proprietorship, partnership, LLC, or corporation is still the right fit for your business. From the article: Many businesses start out as sole proprietorships or partnerships because they are the simplest to form. That may have been fine when your business first opened its doors, but it pays to check in and see if your current legal structure is still a good fit for your business -- especially when it comes to tax breaks and personal liability -- or whether it's time to step up to a limited liability company (LLC) or corporation. Answer these seven questions to find out. Click here to access the full article. __________________ Create a welcome packet for new clients with this guide and free templates! (Available in PDF and Kindle versions)

#2 (permalink)   01-03-2012 TeamOutsource New Member Company name: Team Outsource, LLC   Join Date: Oct 2011 Location: South Florida Posts: 22 Re: Are You Operating Under the Right Legal Structure? Tess, Thanks for the article very informative. When I started Team Outsource in Oct of 2004, I started it as a sole proprietorship. A few months after I created the business, I changed it from sole proprietorship to an LLC to reduce the risk of personal liability for debt incurred by the business. Even though the LLC is a pass through my personal taxes, I still keep separate accounts and have an EIN number for the company. Happy New Year! __________________ Vivian Edisis Team Outsource, LLC

#3 (permalink)   01-03-2012 Virtual Roadie Contributing Member Company name: Virtual Roadie   Join Date: Oct 2008 Location: Alberta, Canada Posts: 106 Re: Are You Operating Under the Right Legal Structure? Great article, thanks for posting it! I'll be starting off as sole proprietorship, with hopes that by next year I'll need to change that ~Mj

#4 (permalink)   02-02-2012 VaVaVirtual Contributing Member Company name: VaVa Virtual Assistants My latest Twitter: @DianaVaforlife Thats awesome!!! where are you loc...   Join Date: Aug 2011 Location: Virtually everywhere! Posts: 105 Re: Are You Operating Under the Right Legal Structure? Very informative article. Thank you for sharing! My partner and I have been planning to switch to an LLC so this is great! __________________ Lauren & Melanie - VaVa Virtual Assistants www.VaVaVirtual.com

#5 (permalink)   02-04-2012 ClockwiseVA Junior Member Company name: Clockwise Virtual Assistance   Join Date: Apr 2011 Location: Vancouver, WA Posts: 408 Blog Entries: 1 Re: Are You Operating Under the Right Legal Structure? Thanks Tess for finding this article. Good information. __________________ Linda Clockwise Virtual Assistance

#6 (permalink)   03-04-2012 Launch Contributing Member Company name: Launch Virtual Assisting   Join Date: Mar 2012 Location: North Reading, MA Posts: 68 Re: Are You Operating Under the Right Legal Structure? Thank you Tess! This is great article, you can never have enough info about Legal rights and structure. I'll be saving this! __________________ Launch Virtual Assisting Targeting Your Business Needs

#7 (permalink)   03-04-2012 moiraesfate Contributing Member Company name: Proxor LLC   Join Date: Feb 2012 Location: New orleans Posts: 227 Re: Are You Operating Under the Right Legal Structure? I didn't notice this before. It will be very helpful. I've been trying to decide between a Sole Proprietorship and an LLC. My husband suggested a Sole Proprietorship for now just to test the waters. If it doesn't go anywhere, thats fine. After a year or so, I should move to an LLC for the legal protection.

#8 (permalink)   03-05-2012 Office Goddess Senior Member Company name: The Virtual Office Goddess, LLC   Join Date: Aug 2007 Location: Boulder, CO Posts: 2,966 Re: Are You Operating Under the Right Legal Structure? Thanks, Tess. I know this is a very confusing subject for lots of folks! I love the NOLO site as it is full of excellent legal information. __________________ Lily Chambers, The Virtual Office Goddess, LLC Author "How to Do Your Own Small Business Bookkeeping"