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| Jul 31, 2007 4:52 pm |
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re: Creating a company run from home |
Suzette Flemming
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Hi, Bradley ~
Laura is spot on about incorporation. You may also want to speak with an accountant about the best corporate structure for your business, your goals and what you want to accomplish. There are some tax advantages and disadvantages to each type of structure. I have two articles that may be of interest to you . .
http://www.flemmingbusinessservices.com/whichoneisrightp1.htm
http://www.flemmingbusinessservices.com/whichoneisrightp2.htm
Most states require the registered agent to have a physical location and will not accept a PO box (meaning your home addy is just fine, I use mine). They want to make sure that if they need to send certified mail someone will be there to sign for it. If you are uncomfortable listing your home address you may wish to pay a registered agent to receive mail for you.
As far as the secretary goes, in some states you can elect the same person to each position in others you can't. Double check with the Secretary of State to make sure you can hold all positions (i.e. pres, vp, secretary, treasurer). Board members aren't necessarily paid positions. This would be handled in your by-laws. The next trick would be to find individuals willing to serve without payment.
Got more questions? Feel free to ask. I am happy to help.
Suzette
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http://www.FlemmingBusinessServices.com
Saving Money - Increasing ProfitsPrivate Reply to Suzette Flemming (new win) |
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