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Originally Posted by tskid |  | | | | | | | | | should i register my company as a sole proprietor, corporation, or LLC.
i live in new jersey and would mostly be selling my shirts online.
would a sole proprietor limit me to only doing business in NJ?
thanks for the help guys! | |  | |  | |
As helpful as all of our advice is meant to be, if you really want to know and understand what set up is best for you, you need to find out from someone who can explain the pros and cons in your state.
I was from Jersey, now live in PA. My brother in law is in Jersey and has his own biz, too, no employees. We compare notes, and doing biz in Jersey is different from doing biz in PA. Point is, it's not a one size fits all, and how you set up now will affect you for a long time.
If you really want to make an informed decision - I would suggest you contact your local Small Business Development Center.
I have worked with my local SBDC office for nearly two years now, and they have been an invaluable FREE resource. A wealth of information, cutting through tons of research and reading for me, eliminating the clutter and getting me right to the answers, so I can BE in business, rather than researching how to GET into business.
It was a simple as making a doctor's appointment. You call, get an appointment, show up, and the advisor and you discuss Your Business. They don't leave you after you are set up either. They help you grow your business after you are set up.
When I say help, I mean advice, contacts to resourcefull people for marketing, contacts for growing your biz, and they have access to alot of information regarding commerce and industry that they willing share with you to help expand your growth opportunities.
I sat down with my advisor and he explained what each of the set ups were about, the pros/cons, how they applied to my exact business (not t-shirts, other biz).
This is your tax payer dollars at work, so you might as well get something out of your dollars. They are a free resource to small biz's. Everyone talks about how much everything costs, yet here is an invaluable resource that is free, just waiting to help you establish and grow your business. Here's the link if you are interested:
Small Business Administration - sbdc_locator_map
I would not advise you call an accountant too much, though they can be helpful. I found they tried to upsell me into higher set ups that cost more to establish because it was a better fee for them to collect. I came to trust and rely on the SBDC because they do not lie to me. There is no alterior motive. They are not being paid by me. They get their funding each year through the government, and they earn their funding by having a successful track record helping small biz's.
Okay, I'm done singing the praises of the SBDC, but with a white knight like that at my disposal, it's really hard to not shout it from the top of a mountain. They help with everything you need to know and do when setting up and growing a biz, yet no one seems to know they are there. So now you do.
what to register my company as? 
