This section of the forum is for discussing the business and finance issues of the t-shirt industry. Which business structure to use (sole proprietor, LLC, S Corp, etc), how to handle billing, where to register your business and get the proper licensing, etc.
For all of you who own your own t-shirt business, I'm just curious to see if you created your business as a:
LLC?
S-Corp?
C-Corp?
other
Let me know because it seems that I am leaning towards a LLC.
I am the only owner, want protection of my personal assets, and would love the freedom from complex paperwork/rules that other Corps. have to follow.
I believe that you only need to collect sales tax from orders that are shipped to NY.
You should know that in NY you will be required to comply with the NY Publication Law. Google it and learn the details of this law. It'll cost you some dough (around $750 - $1000 depending) and I believe you have 120 days from the date of incorporation.
if ur the only owner you can stay a sole P, or LLC and have it taxed like a sole P, which you would do the busiess taxes with ur yearly personal taxes, or you can do an LLC and tax like an S corp.. All very easy.
You should probably be fine with an LLC.....as long as you understand that that does NOT stand for Limited Liability CORPORATION. So many people I talk with seem to think that LLCs are corporations, which they are in fact somewhere in between a corp. and a Sole Proprietorship.
The only real disadvantage of LLC's is that being fairly new in the business world, they are still changing and laws being rewritten all the time. They are also recognized differently I believe in different states. But as long as you do your research, you should do fine.
Oddly enough, Limited Liability Company. I thought the former for a long time myself. It is still confusing as an entity because the government frankly is still testing the waters on how it should be treated, ie., as a corporation or a sole p. with better protection. I wouldn't be surprised though if it does begin to resemble a corporation more and more as time goes by.
A C-Corp is better if you're planning on going public, but for a privately held company, LLC or S-Corp is less expensive to maintain. I've always been an S-Corp because past businesses involved higher risk products and activities. The T-Shirt business is pretty low risk so I went Sole-P.
In this business you are not likely to get sued for things that are out of your control. You might get sued for breach of contract of something like that, but that is something in your control and totally avoidable in the first place.
i agree.. C corp has a double taxation. LLC flow thru s corp or LLC taxed like a sole P is probably the best road for 90% of the people here.
Just remember, if you have 1 or more partners, form and LLC and DO a partnership agreement. You can find the forms etc online.. Its a must, even for friends..
Are you all a LLC, S-corp, C-corp, etc...??? 
