Originally Posted By: cpetty
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IS EVERYONSTAYING BUSY?
IS EVERYONSTAYING BUSY?
Originally Posted By: lkage
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Limited Liability Company (LLC)
Good luck with your condition. 
--
"I have never met a man so ignorant that I couldn't learn something from him."
Galileo Galilei
Originally Posted By: ecrofutt
This post was automatically imported from our archived forum.
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Erby Crofutt
B4U Close Home Inspections
Georgetown, Kentucky
www.b4uclose.com
Originally Posted By: ecrofutt
This post was automatically imported from our archived forum.
Added with edit. Damm it, Todd. No fair removing your post while I’m replying to it. Now my reply don’t make sense.
Close only counts in hand grenades & horsehoes according to my daddy. And this ain't neither one.
I wonder how many other people there are out there that have been wondering the same thing but were afraid to ask.
Curtis was the only one brave enough to do so. He saved them the embarassment.
Thanks Curtis.
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Erby Crofutt
B4U Close Home Inspections
Georgetown, Kentucky
www.b4uclose.com
Originally Posted By: tallen
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No such thing as a stupid question, but that was close
Ok , Erby I was just messing around.
--
I have put the past behind me,
where , however, it now sits, making rude remarks.
www.whiteglovehomeinspections.net
30 Oct 2003-- 29 Nov2005
Originally Posted By: tallen
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Please note the “RAZ” Icons.
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I have put the past behind me,
where , however, it now sits, making rude remarks.
www.whiteglovehomeinspections.net
30 Oct 2003-- 29 Nov2005
Originally Posted By: rschuemann
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LLC is a way of CYA when you are in a partnership with others. Protects you & your partners from each other & opens up the opportunity of paying less taxes. When set up properly with each partner forming a S-Corporation it will reward each partner in proportion to work done as well as in proportion to amount of investment.
Saves a ton of grief!
Between the Attorney & CPA fees it came to about $1,700.
Here's a breif overview of how it works:
The LLC does all of the billing & owns some of the equipment. The LLC retains a percentage of each fee but the LLC also pays for the E&O and GL insurance, biz cards, brochures, etc. Right now we're retaining 40% but that will be reviewed when the E&O payments are done for the year. This rewards each partner per job equally, at the end of the year the LLC gives a dividend of surplus funds per percentage of investment in the company. I own 2/3's so I get a larger return on my initial investment based on the yearly performance of the whole.
Nobody can complain. You work more you make more, you invest more you make more. Simple.
Frank's been a friend for 20'some years, I intend to keep him as a friend.
Originally Posted By: rschuemann
This post was automatically imported from our archived forum.
One other thing…
If you do this setup have fun with the name of your S-Corp. An S-Corp is nothing but a tax maneuver. Be outrageous with the name & have fun with the credit card solicitors.
My S-Corp is Totalitarian Industries, Inc., a Colorado Company.
Solicitors get the contact information from Secretary of States office & I have some fun with them.
I'm waiting for Homeland Security to show up at the door any day now.