Marilyn wrote:
- quote -

Ah, good for you. If you've read the thread, be sure to
remember what everybody has said; dot the i's and cross
the t's..

Also consider whether or not you want to be a subchapter S
corporation. If so, be sure to file the form 2553 ON TIME!

Cheer$,
Harlan Lunsford, EA in LA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"S. L. Richardson" <blackdog[at]worldnet.att.net> wrote:

- quote -

Actually -

I was able to order some of these through the website. For
example, I ordered:

Corporate Kit - this service is requested by most of our
clients. Included is a personalized binder with
organizational minutes, bylaws, corporate seal, stock
certificates, and a stock ledger all neatly organized with
dividers.

I also appointed directors.

Thanks.

Marilyn

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

S. L. Richardson wrote:

- quote -

Agree that all of the above are needed, so one should seek
help at least for bylaws and initial meeting minutes. A one
person doesn't need any shareholder agreements I reckon though.

The thing that worries me though, is that she won't know to
file form 2553 for Sub S status. And if she consults an
attorney, at least around here, he won't even think about it,
either.

Cheer$,
Harlan Lunsford, EA in LA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

(snip)

Just remember - by doing this you are merely creating the
entity. You are not getting any of the 'bells and whistles'
- bylaws, shareholder agreements, annual minutes, etc...
You may not need these, either - if its a 'one person' deal.
However, the more you respect the entity's organizational
form of existence by adhering to procedures normal for that
type of entity (all corporations should have bylaws, all
partnerships should have partnership agreements, etc.) the
better the entity will be respected if there is ever a
liability event.

Even if you want to create the corporation yourself you
might want to go buy a half hour of a business entities or
tax lawyer and ask some of these types of legal questions.
Or you may not (grin). Good luck!

Jason Richardson
Attorney, CPA
Sherman, Texas

I am not your lawyer, nor your accountant, etc...

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

"A.G. Kalman" <agk202[at]netscape.net> wrote:
- quote -

If you do incorporate as a Personal Service Corp, then you
should elect to be taxed as an S-Corp and do it promptly
since you will have to wait until the next year if you don't
act soon enough.

Setting it up as an LLC is another option you should consider.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

Marilyn wrote:

- quote -

Marilyn, most states, if not all, allow one to do the paperwork
themselves. Find the NY secretary of state's web site and see
if you can download for free the required forms. Then all it
will cost are filing fees.

here's the URL for new York Department of State (we use
"secretary of state' down this way.

http://www.dos.state.ny.us/corp/corpspub.html

As long as it's a routine filing, why pay someone else 75$?
or more?

cheer$,
Harlan Lunsford, EA in LA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

andrea10021[at]nyc.rr.com (Marilyn) wrote:

- quote -

I can't comment on those two firms but I will tell you that you
should discuss this subject with a professional who is versed in
choosing business entities. You may want to research how a
personal service corporation (that appears to be the entity you
are planning to form) is taxed. See page 17 of the instructions
for IRS Form 1120 and the use of the 35% flat tax for PSCs.

Alan
http://taxtopics.net

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

I am planning on incorporating. I found some internet based
companies that will handle the filing of the incorporation
papers (I live in NYS). Does anyone have any experience
with any of these? Two that I looked at a legalfilings.com
and legalzoom.com.

The purpose of the corporation is simple. I am doing this
so that I can do contract work in the IT field.

TIA.

Marilyn

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->