Get your own LLC or corporation...

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 9 years ago '07        #21
robwb88 1 heat pts
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^^^^ im with homeboy, i need a printout too. this is some valuable sh*t that i need to have on paper. propz in advance.
 9 years ago '04        #22
hockeythug 66 heat pts66
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 iAM said:
can somebody post up pdf's i could print out to get sh*t poppin?
 robwb88 said:
^^^^ im with homeboy, i need a printout too. this is some valuable sh*t that i need to have on paper. propz in advance.


And its easy to write off everything when you dont make any money.


Last edited by hockeythug; 02-13-2009 at 10:19 AM..
 02-13-2009, 12:33 PM         #23
Derek Carter  OP
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I've been told this several times by business owners, a few of them rich. The way they explained it to me is that, a Corporation and an LLC separates the owner of the business from the business. It minimizes the owners tax payments, protects their a.ssets, enables them to get huge lines of credit and a lot more. It's a system that the rich uses to stay rich. Which is the system that I'm gonna use.
 02-22-2009, 10:41 AM         #24
supaflie  OP
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how can I get a business line of credit
 9 years ago '05        #25
Demboyz746 
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If i file a LLC in my state, is it only good in my state or good in the usa. If it`s only good in my state. How do i go about getting a LLC that is good all over the usa.
 9 years ago '05        #26
youngvito18 8 heat pts
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interesting...........isnt it true you can also buy a llc and get their history
 02-27-2009, 03:35 PM         #27
allstar32  OP
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 youngvito18 said:
interesting...........isnt it true you can also buy a llc and get their history
i think that is true.........i guess like just buying any other company.
 02-27-2009, 03:40 PM         #28
allstar32  OP
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 supaflie said:
how can I get a business line of credit
make sure you have ya foundation right first..........your target market, mission, and have your business plan (including a financial section with a pro forma income statement) all together because these are the things lenders will want to see. once you set up your company, go to a bank and set up an account in your company name using the company tax id number (will be given to you when you set it up through the IRS) and they will give you a company credit or debit card.


after that it really depends on who will be willing to lend to you (in actuality your company) im working on trying to get a large credit line now. it really helps if you know somebody at the bank or have connections, those make a BIG difference.
 9 years ago '05        #29
Wally Vegas 20 heat pts20
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 HYPHY_50 said:
when ever i am going to make a large purchase, i buy gift cards and use them for the purchase. Then i turn around and say they were special promotions that i gave away
Nice tip, gonna use that with my corp....propz
 03-12-2009, 12:44 PM         #30
scarcetti  OP
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 demboyz746 said:
if i file a llc in my state, is it only good in my state or good in the usa. If it`s only good in my state. How do i go about getting a llc that is good all over the usa.
once you are incorporated in your state your pretty much good to do business anywhere...

Imagine that filing in every state you be broke my man...

Also yall do some study on filing in nevada good tax perks!

OH YEAH GREAT THREAD I HAVE A FEELING THINGS WILL GET SERIOUS IN HERE FAST!


Last edited by scarcetti; 03-12-2009 at 12:46 PM..
 9 years ago '04        #31
sideshow20 19 heat pts19
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 9 years ago '05        #32
youngvito18 8 heat pts
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yo is legalzoom the best website to form a llc????
 9 years ago '04        #33
sideshow20 19 heat pts19
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 youngvito18 said:
yo is legalzoom the best website to form a llc????
i would rather go down to the office and do it myself because that way i know that everything is good to go.
 9 years ago '05        #34
youngvito18 8 heat pts
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 sideshow20 said:
i would rather go down to the office and do it myself because that way i know that everything is good to go.
so there's a physcial office where someone can do this?? and if im going to this office and filing all the papers is it gonna be cheaper then paying legalzoom to do it for 300 bucks???
 03-18-2009, 03:29 PM         #35
scarcetti  OP
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 youngvito18 said:
so there's a physcial office where someone can do this?? and if im going to this office and filing all the papers is it gonna be cheaper then paying legalzoom to do it for 300 bucks???
Check if they have a around where you live they help you with all that.
 9 years ago '04        #36
sideshow20 19 heat pts19
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Well this is what i did recently

I went down to the county clerk office and registered my a.ssumed business name. that only cost me 23 bucks.

Now since i am going to be a retail store i have to get a sales tax license...thats cost me only a dollar.

Now i am going to me forming into a LLC the form it self just cost 50 bucks. i thought it was gonna be more than that.

but i have a Question. Since i did this on my own and i wanna add my boy on the LLC form would i do it as a partnership? or just have him under me. remind you. i own the name (because i registered the name in my state.)
 05-28-2009, 12:25 PM         #37
shaw489  OP
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here's how to form a LLC.. check out the link.....
 06-02-2009, 09:38 PM         #38
eNcrypTioN  OP
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I've had a Consulting LLC for 2 years. I write off 60% of my internet, home phone and cell phone. I also write off things like best buy purchases and gas that I use. I also get .55 cents back for every mile I drive :)
 9 years ago '04        #39
Don Savant|M 3 heat pts
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For those of you that have a license to resale, you can hit up your local Sam's Club if you have one, get a business membership and get stuff you can resale tax exempt. Also if you get their business Discover line of credit you can get a check yearly for up to 2% cash back depending on which type of membership you get. Check their website for all the benefits.
 9 years ago '04        #40
marcchrome 43 heat pts43
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Dope post my dude.. gonna get this done asap... being that I actually save all of my receipts...
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