Can anybody provide a referral to a lawyer and/or an accountant with experience advising small businesses (internet based) in the start-up phase?
I'm located in Los Angeles in the South Bay area. [more inside]
posted on Dec 13, 2005 - 2 answers
Can you provide a referral to a lawyer and/or an accountant with experience advising small businesses (internet based) in the start-up phase? I'm located in Los Angeles in the South Bay area. [more inside]
posted on Dec 1, 2005 - 1 answers
I am running a free Web-based service for friends and acquaintances. Lately, the volume on this service has been growing greatly. The next step is to move the service to a professional host. I am thinking of putting a paypal donation button on the site to help pay for it. Are there any legal or tax issues I need to worry about? Do I need a business license? What if I want to start selling Cafe Press items or running Google ads? I am located in the USA.
posted on Jan 16, 2005 - 5 answers
I have exercised stock options and taken possession of a small number of shares. I have not sold anything, but am wondering how screwed I am, tax-wise. First, do I have to declare the value of the stock as "income" for the year that I acquired it? Second, if I should sell it, do I add the money I receive from that sale to my regular taxable income? Do I deduct the amount I paid in? Is the net difference subject to other taxes? Is this handle-able by an average person or do I need an accountant?
posted on Jan 13, 2005 - 6 answers
I'm looking at nolo press' site for info on LLCs, and the simple ~$300 method of creating one online at corporation.com, but I seem to recall reading somewhere that LLCs incorporated in Delaware and Nevada are the only ones that are tax-free when money goes into them -- that money going into another state's LLC does get taxed, and when money goes into your personal bank account it gets taxed in both cases. So aside from Delaware and Nevada, money going into an LLC would be taxed twice. Is that correct? Are there any drawbacks to making a Delaware or Nevada LLC as opposed to your home state?
posted on Oct 26, 2004 - 14 answers 
I am thinking of starting a very small business, but I have a few questions for those of you who have done so before I really make up my mind wheter to go forward or not. [More Inside]
posted on Jul 29, 2004 - 11 answers
So Lucent got fined yesterday, to the tune of mamny millions of dollars, byt the SEC for the criminal euphemism of Account Irregularities.
Like other high profile SEC investigations, why do they always mention the fine, but never discuss where the funds go?
Are they used to offset the defrauded investor's losses? Or does the gov't turn the investor's loss into it's gain by keeping the fine for its own purposes?
posted on May 18, 2004 - 3 answers
I've recently started a company, structured as a 'C' Corp, to sell my consulting/contracting services. One of the reasons I'm working as a 'C' corporation is so I can have the company pay all medical expenses. I've read from the web and various IRS publications that as long as the Medical Reimbursement Plan is offered to all employees equally (no problem there) then it can be paid for by the company and written off on the corp taxes. But in order to make the MRP legit what, other then limiting medical expenses to those listed as acceptable by the IRS, do I need to do? Special records? Outside plan administrator?
posted on Apr 6, 2004 - 3 answers
