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mar0364
Posts: 3213
Joined: 4/5/2002
From: Florida, US
Status: offline
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Advice on getting out. - 7/18/2004 11:56:07
I'll continue to do things for friends but staying a corporation in my state is just costing tooooo muuccchhh.
I know I need to notify The IRS and my state Division of Corporations. Is there anything else I'm missing?
Thanks!
Rich
ps: Few less buck at the end of this venture. But I've learned allot. I kept my day job 
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dpf
Posts: 7126
Joined: 11/12/2003
From: India-napolis
Status: offline
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RE: Advice on getting out. - 7/18/2004 11:58:24
are you totally quiting your business? I know I found that an LLC (Limited Liability Company) was cheaper to establish ($250.00) than a corp and affords the same protections.
_____________________________
Dan
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mar0364
Posts: 3213
Joined: 4/5/2002
From: Florida, US
Status: offline
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RE: Advice on getting out. - 7/18/2004 14:36:14
Yea they nickle and dime you to death. The state says I have to have a legal rep registered with them another $150.00 on top of the 250 yearly filing fee. We don't have a state payroll income tax here so that have to get it another way. A city license for $75.00.
I know "shut up cry baby"
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dpf
Posts: 7126
Joined: 11/12/2003
From: India-napolis
Status: offline
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RE: Advice on getting out. - 7/18/2004 14:38:37
quote:
shut up cry baby"
not..I know how you feel..... if a business makes a profit, taxes should be owed on those profits (IMHO) but a plethera of fees really kill new/small businesses....or least hurt...
_____________________________
Dan
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