Best Legal Entity For Homebased Business

Business Forum

Money

Startup Funding

Best Legal Entity For Homebased Business

New Topic

Post Reply

Follow Topic

Page of 1

Author
Message

ropatt

posts: 6

Dec 13, 2007 2:04 PM ET Quote Report Abuse

Points: 0 Vote

I am a Paralegal and Notary Public seeking to seriously grow my homebased business utilizing my skills as both. It`s my major goal for 2008. I need to know what`s the best legal entity structure to form for my business - a C Corporation, S Corp or LLC. In the past, I`ve operated my Paralegal/Notary Public services as a Sole Proprietoship, which I no longer wish to do because of the potential personal liability. I look forward to hearing your suggestions.

Thanks all.

rfdatagroup

posts: 35

Dec 15, 2007 7:17 AM ET Quote Report Abuse

Points: 0 Vote

My first suggestion is an LLC which is hybrid Corp or 2nd an S Corp - Check with your accountant first because of the tax implications and the long term plans of your business

ropatt

posts: 6

Dec 17, 2007 11:54 AM ET Quote Report Abuse

Points: 0 Vote

Thanks for the suggestions. Interestingly, I have given serious thought in forming an LLC.

rfdatagroup

posts: 35

Dec 17, 2007 12:37 PM ET Quote Report Abuse

Points: 0 Vote

A LLC is a great start.

ropatt

posts: 6

Dec 27, 2007 2:08 PM ET Quote Report Abuse

Points: 0 Vote

On another matter, does anyone know about "Self Directed IRAs"?

robertj

posts: 1458

Dec 27, 2007 2:13 PM ET Quote Report Abuse

Points: 0 Vote

On another matter, does anyone know about "Self Directed IRAs"?

What do you want to know about them?

-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Page of 1

Post Reply

Keep the Community Clean!

StartupNation forums should be used as a platform to learn, educate others, share stories, tips & tricks and to provide constructive feedback.
Please do not use the Forums for advertising & blatant self-promotion.
Please be respectful to other members and refrain from personal attacks and vulgar language.
StartupNation reserves the right to delete any message, reply, and/or member who violates our terms of use.

Read full terms of use

Contact Us Privacy Terms of Use Become a Marketplace Provider Advertise Local Guides Site Map Home Business Start a Business

Business Forum

Forums: Discussions for entrepreneurs and small business.

Best Legal Entity For Homebased Business

Keep the Community Clean!