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#1 (permalink)   03-22-2009 sunshine Guest Company name: Click here to learn how to add your Company Name! Latest blog post: Click here to learn how to add your blog feed! My latest Twitter: Click here to learn how to set up your Tweets!   Posts: n/a What is your Business Structure What is you Business Structure? Just curious. I'm thinking about going Sole Proprietorship 1) Sole Proprietorship 2) Partnership 3) Corporation 4) S Corporation 5) Limited Liability Co. (LLC) Dana

#2 (permalink)   03-22-2009 anisemama Contributing Member Company name: The 25th Hour VA My latest Twitter: 5 of 5 stars to Breaking Dawn by Stephenie Meyer h...   Join Date: Sep 2008 Location: Flint, MI Posts: 138 Blog Entries: 2 Re: What is your Business Structure I am sole proprietorship, though I'm thinking about going LLC. __________________ Gwynne L. http://www.the25thhourva.com

#3 (permalink)   03-22-2009 Virtual Office Management New Member   Join Date: Jan 2009 Location: Orillia, Ontario, Canada Posts: 33 Re: What is your Business Structure I am a sole proprietor. I have been thinking for a long to incorporate. But would not make too much of a difference. If I go for any business financing or credit cards, the banks still make me personally guarantee them. I have been told you need to be in business for at least two years. However one of my client recently applied for a loan and was turn down. They have great credit.

#4 (permalink)   03-22-2009 vainparadise Resident Member Company name: A Virtual Assistant in Paradise My latest Twitter: How to Get More Freelancing Visibility http://t.co...   Join Date: Oct 2007 Location: Florida Posts: 1,854 Blog Entries: 1 Re: What is your Business Structure I am a sole proprietor as well. I am going LLC this summer though. __________________ Dawn Riley A Virtual Assistant in Paradise Our business is about making yours better

#5 (permalink)   03-22-2009 brandyellen Contributing Member Company name: Brandy Ellen's Business Solutions Happily Blended: May 26th List your Giveways #contest #win #sweepst... My latest Twitter: May 26th List your Giveways #contest #win #sweepst...   Join Date: Jan 2009 Location: New Hampshire Posts: 143 Re: What is your Business Structure Sole Proprietorship is what I went with, however, I may go with LLC later on if my business gets larger. I have to research which options would be best. Brandy __________________ Brandy Ellen's Business Solutions

#6 (permalink)   03-22-2009 bluewaterbusiness Contributing Member Company name: Blue Water Business Services   Join Date: Mar 2009 Location: Iowa Posts: 151 Re: What is your Business Structure I am sole Proprietorship. My attorney informed me that in our line of business, the LLC won't provide any additional protection to me personally. I would still be liable either way. As for tax advantage, he said since it just passes through onto the personal tax return, right now it isn't practical to do anything other than Sole Proprietorship. He did suggested E & O insurance, which I am able to get at $300. Did anyone else get different legal advice? __________________ Angie Blue Water Business Services

#7 (permalink)   03-22-2009 RebeccaT Active Member Company name: CLR Virtual Connection Latest blog post: Looking for Authenticity in Social Media My latest Twitter: Yaaay home (@ RebCat House) http://t.co/1ZplSCDl   Join Date: Jun 2008 Location: Houston, Texas Posts: 549 Re: What is your Business Structure I am sole as well...I have thought about LLC but I was told that since I am my business, the LLC wont protect me any different. __________________ Rebecca Thompson CLR Virtual Connection * fanTABulous fan pages

#8 (permalink)   03-22-2009 sunshine Guest Company name: Click here to learn how to add your Company Name! Latest blog post: Click here to learn how to add your blog feed! My latest Twitter: Click here to learn how to set up your Tweets!   Posts: n/a Re: What is your Business Structure Thank all of you for answering. Seems soleproprietor is the clear choice. LLC just seems like more trouble to me, but I see alot of them around. Dana

#9 (permalink)   03-23-2009 brandyellen Contributing Member Company name: Brandy Ellen's Business Solutions Happily Blended: May 26th List your Giveways #contest #win #sweepst... My latest Twitter: May 26th List your Giveways #contest #win #sweepst...   Join Date: Jan 2009 Location: New Hampshire Posts: 143 Re: What is your Business Structure Originally Posted by bluewaterbusiness I am sole Proprietorship. My attorney informed me that in our line of business, the LLC won't provide any additional protection to me personally. I would still be liable either way. As for tax advantage, he said since it just passes through onto the personal tax return, right now it isn't practical to do anything other than Sole Proprietorship. He did suggested E & O insurance, which I am able to get at $300. Did anyone else get different legal advice? That is what my accountant stated sort of, never spoke with a legal person though. I am going to be calling today about E&O Insurance see how much it will cost, should be cheap since I already have homeowners and car insurance through this company! __________________ Brandy Ellen's Business Solutions

#10 (permalink)   03-24-2009 mwanje1103 Contributing Member   Join Date: Sep 2008 Location: Nairobi, Kenya, Africa Posts: 51 Re: What is your Business Structure I am also a sole proprietor. I have been thinking of changing. Judging from the comments above, I am still on the right track.