[farennikov]

Howdy Gang?

Thoughts on the necessity of incorporation? And to expand, getting a taxpayer ID and running all expenses through a legal entity...?

Any comments would be appreciated...

Regards,

Kramer

if you want some help with that talk to Roy at InvestSource Inc., he can help you and answer some of your questions.

 

[farennikov]

I am not an expert but used to do a little research. For a small tshirt company LLC would be the best. Limits your personal liability for one thing. Incorporation is expensive and you'll have a lot of headache with reporting and audits.

 

[farennikov]

In Colorado the fee for filing for either a Corporation OR an LLC (same for both) is $25 if done online ($125 if done offlline).

That's the stated fee anyway; dunno if there are more hidden charges for registering.

In CA filing fee is $100 or so + $600/year limited liability tax.