Archive for January, 2007
Company Formation - Entity Types
As an entrepreneur, you have a number of options when it comes to creating your own business. The three basic ones are: sole proprietorship (single-member LLC, single-member S corp, or single-member C corp), partnership (LLC/LLP/LP), or corporation (S-Corp/C-Corp).
Steps Involved in Starting an LLC
This post describes the steps involved in creating and registering an LLC in New York State. Please be aware that it’s expensive and involves a LOT of forms.
My first contact with the IRS
The day that I got back from my vacation, I saw a threatening envelope laying on my desk from the “New York State Department of Taxation”. Oh, man. Here we go. Inside the envolope was a “New Entity Questionnaire Form”, which contained such questions as:
Please check off the tax method of your entity: individual, partnership, or [...]
