.com, .co, or .net?
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@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
Its only about $100 to start a LLC in Florida
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@IRJ said:
@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
Its only about $100 to start a LLC in Florida
Yearly? I just looked it up. The LLC tax (yearly) is 8.84% ($800 minimum). The actual document filing costs aren't bad (many online packages do it for you).
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@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
Simple rule: if an LLC is too much, you should not consider being in business. An LLC is an absolute minimum.
And prices in all states are the same because you can incorporate in any state. Most companies do in Delaware.
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@alexntg said:
@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
In 2012, I started my own consulting firm as a sole proprietor, but it wasn't profitable. After I shut it down, I was still held responsible for the (albeit minor) debt the company still had.
And if something ever went wrong with a former client they could sue you indefinitely into the future too! Very scary.
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@ITcrackerjack said:
@IRJ said:
@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
Its only about $100 to start a LLC in Florida
Yearly? I just looked it up. The LLC tax (yearly) is 8.84% ($800 minimum). The actual document filing costs aren't bad (many online packages do it for you).
In what state?
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For consulting, only consider LLC, S Corp or full C Corp. NTG is C. Full board, issued stock, etc.
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Indianriver.it or something like that. But there are several companies doing that with that name there already. IR Networks. IR Tech.
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@ITcrackerjack said:
@IRJ said:
@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
Its only about $100 to start a LLC in Florida
Yearly? I just looked it up. The LLC tax (yearly) is 8.84% ($800 minimum). The actual document filing costs aren't bad (many online packages do it for you).
LLC tax? what's that? I used to have an S corp years ago. There was no corporate tax (fee) other than filing fees. Are you saying in your state you have to pay the state 8.84% of your earnings just because you are a business? This is off the NET profits, right, not gross? This doesn't even make sense!
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@Dashrender said:
@ITcrackerjack said:
@IRJ said:
@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
Its only about $100 to start a LLC in Florida
Yearly? I just looked it up. The LLC tax (yearly) is 8.84% ($800 minimum). The actual document filing costs aren't bad (many online packages do it for you).
LLC tax? what's that? I used to have an S corp years ago. There was no corporate tax (fee) other than filing fees. Are you saying in your state you have to pay the state 8.84% of your earnings just because you are a business? This is off the NET profits, right, not gross? This doesn't even make sense!
That's the corporate tax rate for an LLC in California. https://www.ftb.ca.gov/businesses/bus_structures/LLCompany.shtml
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@scottalanmiller said:
Indianriver.it or something like that. But there are several companies doing that with that name there already. IR Networks. IR Tech.
The Indian River isnt a name that most people that live as close as Orlando (an hour away) would know. Back to the drawing board lol
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@ITcrackerjack said:
@IRJ said:
@ITcrackerjack said:
@scottalanmiller Correct, that's just for DBA Sole Proprietors. Do you usually recommend LLCs? In CA, the cost to register an LLC seems kinda steep for a consultant starting out. I agree it's a good (great) idea, but many don't due to the cost. I'd like to hear your reasons (though I'm sure I can guess most of them).
Its only about $100 to start a LLC in Florida
Yearly? I just looked it up. The LLC tax (yearly) is 8.84% ($800 minimum). The actual document filing costs aren't bad (many online packages do it for you).
FLORIDA LIMITED LIABILITY COMPANY
Florida LLCs are governed by the Florida Statues - Title XXXVI, Chapter 608, Limited Liability Companies.by Drake Forester
Florida LLC registration:
Forming an LLC in Florida will cost a $125 LLC articles of organization state filing fee.The Florida Department of state is in charge of filing Florida LLCs, and it take 5-7 days to process your Florida limited liability company articles of organization if you file by mail. You can fax your articles of organization if you have a prepaid account.
We really recommend the filing your Florida LLC online.
When forming an LLC in Florida, our service includes:
Drafting custom Florida company articles of organization.
We make the state filing with the FL Department of state.
The organizer initial resolution.
Florida limited liability company operating agreement.
The Florida LLCs state filing fees.
Florida registered agent service.
Our fees are: $100 Florida limited liability company service and $125 Florida registered agent service.
Total Florida company cost if you use our services:
$350 for a Florida limited liability company and that includes the states Florida LLC filing fee.Any FL company expedited options?
No but if you file by fax or online they process in just 1-2 days.How much does a FL LLC cost each year?
Florida LLCs have annual reports due May 1st. The fee is $138.75.What are the Florida LLC taxes?
There is no personal income tax in Florida.The average Florida sales tax rate is 7.01%. The state has a 6% tax, but the average local tax is 1.01% making a total of 7.01%
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If you file yourself, its $125
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@IRJ said:
If you file yourself, its $125
No question then. File for LLC. No personal income tax!! That makes it nice. The filing fee is right around the same here in CA.
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@ITcrackerjack said:
@IRJ said:
If you file yourself, its $125
No question then. File for LLC. No personal income tax!! That makes it nice. The filing fee is right around the same here in CA.
Yeah, our average IT professional income is lower because of that. I think after you calculate no state income tax and a cheaper cost of living we make out ok.
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Yes. Florida and Texas have very high IT qualities of life values.
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@scottalanmiller said:
Yes. Florida and Texas have very high IT qualities of life values.
Its insane how much the cost of living varies within the state. Orlando housing is much more expensive (25-40%) then where I live and I am only 5 minutes from the beach.
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@IRJ said:
@scottalanmiller said:
Yes. Florida and Texas have very high IT qualities of life values.
Its insane how much the cost of living varies within the state. Orlando housing is much more expensive (25-40%) then where I live and I am only 5 minutes from the beach.
You think that is something, check out New York. I grew up in one of the lowest cost counties and now live in the highest cost county. Back home, $200K is a mansion. Here, $2,000,000 is a studio apartment. I have friends who bought houses for $45K.... six bedrooms, nice places, right in town, nice yards, nice view, safe. Down here in Westchester rivals San Francisco.
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@scottalanmiller said:
@IRJ said:
@scottalanmiller said:
Yes. Florida and Texas have very high IT qualities of life values.
Its insane how much the cost of living varies within the state. Orlando housing is much more expensive (25-40%) then where I live and I am only 5 minutes from the beach.
You think that is something, check out New York. I grew up in one of the lowest cost counties and now live in the highest cost county. Back home, $200K is a mansion. Here, $2,000,000 is a studio apartment. I have friends who bought houses for $45K.... six bedrooms, nice places, right in town, nice yards, nice view, safe. Down here in Westchester rivals San Francisco.
That is crazy
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I pulled the trigger on LANTech.co
I am very surprised that was still available
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What is even better is that lantech.com has nothing to do with IT woohoo!
