INC or LLC which is best? - Cleaning Talk - Professional Cleaning and Restoration Forum
 
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post #1 of Old 02-28-2007, 01:01 PM Thread Starter
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INC or LLC which is best?

I would like to know some pros and cons of each. Which would be best for a cleaning service?
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post #2 of Old 02-28-2007, 02:10 PM
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I went the LLC route. Work mainly alone. Taxes remain the same but protects my personal assets.

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post #3 of Old 02-28-2007, 02:32 PM Thread Starter
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How would someone become LLC? How much does it cost?
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post #4 of Old 03-01-2007, 09:35 AM
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Attorney did mine.

Cost is $500 (good luck) - $750

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post #5 of Old 04-06-2007, 11:15 AM
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Sorry I'm a little late.

LLC is probably the easiest route. I just looked up my States process on their website (sunbiz.org) and filed everything online. I don't think it cost more than $200 +/-. It was quick and easy but Florida does a good job of putting docs online so maybe that's not possible in some other states.

I have also used LegalZoom.com in the past to file and S Corp. The process was very good and I'd use them again if needed.

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post #6 of Old 04-06-2007, 06:41 PM
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Nathan,

If you don't mind sharing what does LegalZoom charge for the incorporating process? Do they write your articles and file subchapters as well?

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post #7 of Old 04-07-2007, 12:22 AM
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It depends on the state your in and the fees they charge.
The one I did cost me a little over $500 if I remember right. It's basically $359 plus state fees.

But it's a nice kit. You get a binder with all your docs, a corp stamp and stuff like that.

It's all listed here: http://www.legalzoom.com/pricing/inc_pack_b-c.html

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post #8 of Old 04-07-2007, 08:13 AM
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LLC in NC is only $125 if you simply go the Secretary of State's site and download the fill-in-the blank form.

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post #9 of Old 04-07-2007, 03:49 PM
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LLC in NC is only $125 if you simply go the Secretary of State's site and download the fill-in-the blank form.

Celeste
Yup, that's what I did as well but for the S Corp it got a little crazy so I just paid for the service. LLCs I think you can do on your own though no doubt.

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post #10 of Old 10-19-2007, 10:38 PM
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Nathan what part of Florida are from?? By the way hello everyone I just registered,found the site by goggle search looks like a good forum. Also I just filed LLC last week in Fl did it in 10mins and cost $160.00. As I understand helps protect your personal assets from lawsuits. (con) more paperwork to setup. dh

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post #11 of Old 01-24-2008, 06:52 PM
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Quote:
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LLC in NC is only $125 if you simply go the Secretary of State's site and download the fill-in-the blank form.

Celeste
Same applies to Maryland. There is an easy form to fill in. My accountant handed it to me.

Filled it in in no time. Can't remember how much I paid but it was less than $150 or thereabouts.

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post #12 of Old 01-24-2008, 09:07 PM
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I had my attorney file my INC, S-corp for a total of $300 here in Virginia.

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post #13 of Old 01-25-2008, 08:23 PM
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The bottom line is.. don't go to a forum and ask advice on something like this. Always speak with an attorney whom understands your variables and tax situation.

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post #14 of Old 01-28-2008, 02:02 PM
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Ken, it's cheaper for them to speak with an accountant than an attorney (usually).

My accountant actually helped me with the LLC. But I agree with you that they should seek a professional.

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post #15 of Old 04-03-2008, 02:26 PM
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