General Legal Issues

Explore possible legal structures for your business and discuss general small business legal issues.

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View Poll Results: Do you run your business as a
Sole Proprietor 91 65.47%
LLC 37 26.62%
S-corp 6 4.32%
Partnership 5 3.60%
Voters: 139. You may not vote on this poll

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Old 10-19-2010
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Prime VA Prime VA is offline
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Re: How do you operate legally?
I am operating as a sole proprietor for now. I may incorporate or become an LLC as the company gets larger.

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Old 10-21-2010
bean411 bean411 is offline
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Default Re: How do you operate legally?
I run my business as a sole-proprietor right now but I would like to either incorporate or become a LLC as soon as posible to protect myself and family.
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Old 12-28-2011
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Default Re: How do you operate legally?
Originally Posted by bean411 View Post
I run my business as a sole-proprietor right now but I would like to either incorporate or become a LLC as soon as posible to protect myself and family.
Same here. It's hard when you are trying to get everything "right" to know what's the best route for some things.
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Old 02-10-2011
HMHarris86 HMHarris86 is offline
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Default Re: How do you operate legally?
I plan to run my business as an LLC, based on the information I've recently learned. Still trying to gain knowledge though
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Old 02-10-2011
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Default Re: How do you operate legally?
I wondered what others thought about an S Corporation - my accountant has advised me to go this route - because of federal taxes. My concern is spending money setting that up right at the beginning while I am still small and part time? Any others gone that route?
thanks,
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Old 02-11-2011
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Re: How do you operate legally (LLC, sole prop, partnership, etc.)?
I started as a sole proprietor and am moving to an LLC. I decided against the S Corp., with the LLC I do not have to have any additional persons in the business, issue stock etc. For me the price of the LLC in Illinois is substantial vs the S Corp so I am incorporating in Nevada and will be a foreign corporation which will save me a substantial amount of money.

Good Luck

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Old 02-10-2011
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Default Re: How do you operate legally (LLC, sole prop, partnership, etc.)?
I've operated as a sole proprietorship for all of my 15 years in business. I have thought about changing to an LLC in the past and may look at it again in the future.
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Old 02-11-2011
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Default Re: How do you operate legally (LLC, sole prop, partnership, etc.)?
Tax law in my country dont let LLC or other type of company to operate from home, plus i am totaly new in this work so i will go for Sole Proprietor.
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Old 02-11-2011
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Default Re: How do you operate legally (LLC, sole prop, partnership, etc.)?
I had thought that the Sole Proprietorship was good to start. It has also been the easiest I think. Good to know that I was not alone in my thoughts. I did research it on the SBA.com though.
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Old 02-19-2011
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Default Re: How do you operate legally (LLC, sole prop, partnership, etc.)?
I am registered in the State of Florida as a FICTITIOUS NAME. Is that not the worst name? It makes it sound so fake . I realized recently that this gives me no legal rights to the name of my company! It is $50/year to keep this active.

Advice: check out how to register to have legal rights to your company's name. I think I need to check on this myself.
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