[ajug-members] OT: consultant incorporation tips / resources?

[Brian Lee]

There's a whole argument about self-incorporating or getting a service to do 
it for you. A buddy of mine used a service and you should be able to find a 
decent one for around $300. If you file in GA, then I don't see any benefit 
to paying extra. It's not expidited, just done for you. If you don't like 
following rules and regs and stuff, then I question your programming ability 
:)

You can follow these instructions for a GA corp- 
http://www.sos.state.ga.us/corporations/filing_procedures.htm
It takes about an hour to fill everything out. Then count on another hour 
for an EIN, another hour for department of labor and time to open your bank 
account.

What you're paying for with a service is 1-2 hours of a professional's time 
to file all the forms for you. My accountant gave me all the free advice I 
needed and included it in my annual filing fee ($500). I can refer you to 
her if you have specific questions.

BAL

>From: "Brian Whitfield / Essential Resources" 
><brian_whitfield at mindspring.com>
>To: "'General AJUG membership forum (100-200 
>messages/month)'"<ajug-members at ajug.org>
>Subject: RE: [ajug-members] OT: consultant incorporation tips / resources?
>Date: Tue, 8 Nov 2005 10:00:58 -0500
>
>I've had several corporations. Some may disagree, but I would suggest 
>having
>an attorney incorporate you (should cost around $500).  File for an EIN and
>S corp election (or go LLC - but then you could potentially pay more social
>security) with the IRS.   Get a good accountant and have him explain it to
>you.  You WILL want a good accountant.   Use Quickbooks or Peachtree
>Accounting (Peachtree if you know debits/credits and general accounting for
>double entry accounting, Quickbooks if you aren't that knowledgeable about
>accounting and/or want to do single entry).  I file my own quarterlies, but
>get my Accountant to do year ends.  If you elect to be an S corp instead of
>an LLC get some specific advice from a good accountant about how much to 
>pay
>yourself to avoid IRS trouble while still minimizing FICA.  Keep every
>receipt.  One thing I have noticed is that some organizations are requiring
>corps to show professional liability and other insurances that can be very
>expensive.
>
>Brian Whitfield
>Essential Resources
>phone: 770-271-3755
>tollfree: 866-837-3755
>fax:      770-271-9739
>brianw at essentialresources.net
>
>-----Original Message-----
>From: ajug-members-bounces at ajug.org [mailto:ajug-members-bounces at ajug.org]
>On Behalf Of Brian Lee
>Sent: Tuesday, November 08, 2005 9:26 AM
>To: ajug-members at ajug.org
>Subject: Re: [ajug-members] OT: consultant incorporation tips / resources?
>
>I agree with Bill about the accountant. I used an accountant for year end
>filing, but did the quarterly stuff myself. I ended up spending about
>$500/year for all my tax filings.
>
>BAL
>
> >From: Bill Siggelkow <bsiggelkow at mac.com>
> >To: "General AJUG membership forum (100-200
> >messages/month)"<ajug-members at ajug.org>
> >Subject: Re: [ajug-members] OT:  consultant incorporation tips / 
>resources?
> >Date: Tue, 8 Nov 2005 09:13:18 -0500
> >
> >Curt,
> >
> >I incorportated using http://www.incorporatega.com. You can do the
> >incorporation yourself, but it's a lot hassle free if you use a firm
> >like this. You can also get it done a lot faster. I think the cost is
> >around $500.  My corporation is an S-corp.
> >
> >Brian's suggestion about using QuickBooks is right on. However, you
> >may
> >*also* want to have an accountant. I use QuickBooks and also have  an
> >accountant. I find the accountant invaluable when it comes tax time.
> >
> >Feel free to contact me if you want to discuss any details.
> >
> >Bill Siggelkow
> >(w)770-354-2584
> >AIM: siggelkowb
> >
> >On Nov 8, 2005, at 7:51 AM, Curt Smith wrote:
> >
> >>Off topic question but related to some on this list:
> >>
> >>I'm working as a consultant getting paid via W2 through my agency.   I'm
> >>wanting to move to a corp-to-corp relationship where I manage my
> >>taxes etc and also be able to take advantages that I can't under W2
> >>like  create my own retirement account (SEPT/KEOG ??), deductions for
> >>professional equipment like computers, education, travel etc).
> >>
> >>I'm looking for help and resources?  Local SIG's, books, websites etc?
> >>
> >>Your tips and issues you've run across.
> >>
> >>Maybe an off list discussion?
> >>
> >>Thanks, curt
> >>
> >>Curt Smith
> >>csmith at javadepot.com
> >>(w)404-897-3073
> >>(h)404-294-6686
> >>
> >>_______________________________________________
> >>ajug-members mailing list
> >>ajug-members at ajug.org
> >>http://www.ajug.org/mailman/listinfo/ajug-members
> >
> >_______________________________________________
> >ajug-members mailing list
> >ajug-members at ajug.org
> >http://www.ajug.org/mailman/listinfo/ajug-members
>
>
>_______________________________________________
>ajug-members mailing list
>ajug-members at ajug.org
>http://www.ajug.org/mailman/listinfo/ajug-members
>
>
>_______________________________________________
>ajug-members mailing list
>ajug-members at ajug.org
>http://www.ajug.org/mailman/listinfo/ajug-members