[TriLUG] making a techie S-Crop in NC? (was Re: Red HatCertification)

[Meyer, David R]

James,

I can't speak to the Carolina's, but here in Florida I can tell you that
while it was easy to incorporate myself on the web, it would have been
cheaper in the long run to use a lawyer.  For $400.00 he would have done
all the incorporation, as well as prepare the corporate books, stamps,
etc.  He also consulted me about the importance of keeping ROCK SOLID
records, and running my S-Corp as a business...because if I was ever
called into court, if the plaintiff could "pierce the corporate veil"
I'd loose any protection that the S-Corp gave me.

In either case, best of luck to you!

Dave

-----Original Message-----
From: trilug-bounces at trilug.org [mailto:trilug-bounces at trilug.org] On
Behalf Of James Manning
Sent: Wednesday, September 10, 2003 11:39 AM
To: trilug at trilug.org
Subject: [TriLUG] making a techie S-Crop in NC? (was Re: Red
HatCertification)


> Good advice.  Here's how to overcome the limitation in the last 
> sentence
> above.  For about $75 you can DIY incorporate as an S-Corp in NC.

I've always wondered - anyone locally done the S-Corp route (esp. in NC,
of course) for a techie(-ish) business and willing to doc it somewhere
or give links to places others have doc'd it?

Generic "how to make an S-Corp in NC" isn't bad, but the sec. of state
web site covers that ok - I'm mainly thinking that
software/consulting/etc. kinds of gigs have a lot of similarities to
each other (dun and bradstreet categories, accounting places or people
in the triangle that are very familiar with that kind of business and
have many such clients, etc).

Just seems like a good number of the trilug people have gone this route,
and it sounds like something trilug is as good a place as any for
organizing the content and developing a "best practices" thing. CED and
other kinds of things exist as well, of course, but I'm less interested
in the "formulate a business plan doc and practice pitching it to VC's"
than the "here's the best/easiest way to set up your accounting for the
cases of 1) doing it yourself and 2) finding an inexpensive accountant
to help you out".

Hell, while we're on the subject, anyone wanna recommend tax
preparation?  I've done my own in the past and would say I'm very
familiar with tax law, but it's one of those things where I think I'm
gonna be lazy next year and let someone else do it if it's cheap enough
:)

Thanks!
-- 
James Manning <http://www.sublogic.com/james/>
GPG Key fingerprint = B913 2FBD 14A9 CE18 B2B7  9C8E A0BF B026 EEBB F6E4
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