Are you LLC? - Page 2

AlexCourtney · Post #16 (**permalink**) 07-12-2008, 04:04 PM

Quote:

Originally Posted by Artashes

No, it actually won't be. The purpose of a community is to have a discussion on various things we share with each other. If you make a statement but do not explain it, then other members like myself might have further questions. I don't know, perhaps I am the only one that does not understand your position, but I surely would appreciate if you can explain your point of view and answer my questions above.

PS: Oh, and here is another one for you. If you say incorporating your business is not worth the hassle, how can you be a "Chief Executive Officer" (says so in your signature) without being incorporated and without having a board of directors that you report to?

I'll replace it with Director then, secondly I feel you have a thing out for me. If you haven't so sorry for claiming that you do.

RWHost · Post #17 (**permalink**) 07-12-2008, 06:20 PM

mhhhmmm

Rob · Post #18 (**permalink**) 07-13-2008, 04:26 AM

I don't think art has a problem with you - Your are just digging yourself into a hole...

You say about being incorporated is not important - its probably one of the single most important things you SHOULD do.

When you become incorporated as an LLC or S-corp - I presume your from the US. In the eyes of the law the company is an entity in its own right. This basically means that if someone tried to sue you, the company would be taken to court and be responsible for all costs, legal fees etc and not yourself.

If the company goes 'bust' as a result then your finances are not affected.

You cannot call yourself a company and / or a director unless you are incorporated.

RWHost · Post #19 (**permalink**) 07-13-2008, 04:46 AM

Indeed

True say

HostingITrust · Post #20 (**permalink**) 07-21-2008, 12:33 PM

We are a registered pvt. ltd. company. Most companies start off small and then grow large. Some companies are not serious enough and they give up the race and go home. Only a few reach the top. Anyone can do it. You don't have to do it right, because there is no right way of doing a thing. You only have to keep doing it.

fortbox · Post #21 (**permalink**) 09-26-2008, 05:40 PM

I am gonna have to second Artashes, nothing personal against you AlexCourtney, but INC./LLC'ing not only seems to be the logical process, it's also a responsible choice.

This is synonymous of driving around without auto insurance (even before it became the law); it's not the wisest thing to do.

sharp · Post #22 (**permalink**) 10-23-2008, 12:27 PM

i am an Inc. even though there are only 2 of us.