What are advantages of a corporation, limited liability company, and sole priopreitorship when starting an at-home business?
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M$2 Answers
You can do it all yourself -- but its really not worth it -- and finding information on the internet is generally more confusing then helpful.
I have an LLC with a partner who is a CPA and a JD and I still wish I had gone to a lawyer.
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M$
For a blogger, you can file in the US with the federal government copyright office to copyright your text document. But every time you change it, you must file a new document amendment.
This is a very complex question, that you probably want legal advice for.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
I tipped Krysstel, Philipy and Buddawig each $1 also. I liked Philipy's answer but it is assumptive that this question is directed for an at-home blogger. Krysstel's was then a very good play off an at-home blogger. Buddawig answered the question directly. If anyone wants to continue to build on the answers, it would be helpful. In addition, has anyone used the Intuit.com service, and how do they like the Intuit.com service?
I agree. Recently I formed a LLC for the purpose of real-estate development/management and the best thing I did was to hire and have a very qualified attorney explain to me exactly what I should and shouldn't do and why.
This information cost me $650.00 including state filing fees.
This might be great advice for most businesses, but I don't know about a work-at-home blogger.
Quite likely that is a business with very low income, very low outlay, and to be honest pretty low chance of success. Spending $600 on legal advice might be by far the biggest expenditure you make on the business.
If you're already a successful blogger, sure think about things like that.
If just starting out, don't bet on even making your $600 back. So probably best to just go ahead and start out and see how big you can get. Later on you can incorporate if it looks like you're heading for the big time.
There you go. I spent a comparable amount ($500) to do an internet LLC setup. I got an LLC and no idea what it meant. I've since learned that unqualified people will tell you all sorts of things with good intentions -- but a business has real implications and you should learn what those implications are, and what it takes to exit.
EXCELLENT advice!