Get Paid to Participate - up to $1 per post!     Twitter     Facebook     Google+
Hosting Discussion
 

forgot password?



View Poll Results: Is Your Business Legally Registered
Yes 7 87.50%
No 1 12.50%
Voters: 8. You may not vote on this poll

Reply


Old
  Post #16 (permalink)   07-03-2009, 04:21 PM
HD Management Staff
 
Artashes's Avatar
 
Join Date: Apr 2003
Posts: 9,719

Status: Artashes is offline
Quote:
Originally Posted by HostLeet View Post
True . But, we're talking about the sellers, and wether they need to have a registered business to sell anything online or not.
Well, I think that it comes down to a personal choice whether they want to operate as a company or as an individual. Different tax brackets, different levels of liability, benefits, etc. If a seller feels secure enough to operate as an individual and it meets his needs, it is definitely his choice.
 
 
 


Old
  Post #17 (permalink)   07-03-2009, 04:36 PM
HD Guru
 
HostLeet's Avatar
 
Join Date: May 2009
Location: Florida, USA
Posts: 874

Status: HostLeet is offline
Quote:
Originally Posted by Artashes View Post
Well, I think that it comes down to a personal choice whether they want to operate as a company or as an individual. Different tax brackets, different levels of liability, benefits, etc. If a seller feels secure enough to operate as an individual and it meets his needs, it is definitely his choice.
I agree with you 100%.
__________________
HOSTLEET.COM, LLC - Elite Website Hosting Since 2008!
Fast Reliable Affordable Secure Friendly & Courteous
RISK-FREE Money Back Guarantee PCI-Compliant Checkout
 
 
 


Old
  Post #18 (permalink)   07-04-2009, 01:45 PM
HD Guru
 
Join Date: Aug 2005
Location: Kalamazoo, MI USA
Posts: 657
Send a message via AIM to Zachary McClung

Status: Zachary McClung is offline
Quote:
Originally Posted by Artashes View Post
You only need 1 disgruntled customers (with money) to sue you, and if such happens, you'll end up being personally liable if you are not incorporated.
Artashes, this is such a true statement. There are three keys to a successful, happy and healthy business. A good lawyer, a good insuracne agent, and a good accountant. If you incorporate which I hope everyone does for their business, make sure to pick up a business general liability policy too.

While incorporation almost always gives you persona liability protection unless you use it for personal gain like using the same personal and business bank account having a incopration does not protect business assets. If someone sues your incorporated entity and they win you'll have probably no assets left and no business. For less than $300.00 a year in most states you can pick up $2 million in liability coverage that will save you from closing up shop as long as your running your business legally.

As a business owner, you take risk. Don't take a risk on your well being and your business well being.
__________________
Zachary McClung, Sales & Marketing Manager - Need a Quote? E: zach@jaguarpc.com
JaguarPC.com - Managed VPS Hosting
Resellerzoom.com -Cpanel Reseller hosting
modVPS.com - Unmanaged VPS | Multiple Locations | Since 1998
 
 
 


Old
  Post #19 (permalink)   07-14-2009, 08:27 AM
HD Community Advisor
 
SenseiSteve's Avatar
 
Join Date: Mar 2009
Location: Saint Louis
Posts: 4,942
Send a message via MSN to SenseiSteve

Status: SenseiSteve is offline
Don't forget that you can get liability insurance without incorporating - hate paying that bill, but it's an absolute necessity. And always separate your business and personal accounts.
__________________
ProlimeHost- Dedicated Server Hosting & KVM SSD VPS
Three Datacenter Locations: Los Angeles, Denver & Singapore
SuperMicro Hardware | Multiple Bandwidth Providers | 24/7 On Site Engineers
 
 
 


Old
  Post #20 (permalink)   07-14-2009, 10:12 AM
HD Newbie
 
Join Date: Jul 2009
Location: Chicago
Posts: 30
Send a message via AIM to solarbluseth Send a message via Yahoo to solarbluseth Send a message via Skype™ to solarbluseth

Status: solarbluseth is offline
All the hosting companies I work with are legally registered as LLC or DBA. You have to have a legal entity to do a lot of company day to day activities. Such as signing up for the BBB. Which improves cusotmer confidence.
__________________
Timothy Rhoads
Vice President of Sales and Marketing
Chihosting.com Hosting
 
 
 


Old
  Post #21 (permalink)   07-14-2009, 12:15 PM
HD Community Advisor
 
SenseiSteve's Avatar
 
Join Date: Mar 2009
Location: Saint Louis
Posts: 4,942
Send a message via MSN to SenseiSteve

Status: SenseiSteve is offline
You had me up to the BBB. While they do help to improve customer confidence, I think their relevance has diminished in this industry.
__________________
ProlimeHost- Dedicated Server Hosting & KVM SSD VPS
Three Datacenter Locations: Los Angeles, Denver & Singapore
SuperMicro Hardware | Multiple Bandwidth Providers | 24/7 On Site Engineers
 
 
 


Old
  Post #22 (permalink)   07-21-2009, 09:56 AM
HD Newbie
 
Join Date: Jul 2009
Posts: 11

Status: hostingboy is offline
Great post, Steve!

Yes, of course we have been registered for long time ago. <<URL removed>>

Warm regards,
Jurgen
 
 
 


Old
  Post #23 (permalink)   10-17-2009, 08:09 AM
HD Addict
 
Join Date: Oct 2009
Posts: 106

Status: narendrasv is offline
For my own business, I don't have plans yet because my site was still under construction by myself to improve the content, script and widgets....especially ads and hoplinks. I will try to register my business soon in web hosting programs.
__________________
Affordable & Best Web Hosting Service | 2x7 Customer Support | 99% Uptime Guarantee | Blazing Fast Servers | Bloggers Most Trusted Web Hosting Service | Use Coupon "WEBHOSTING" And Get 20% OFF! - Limited Time OFFER!
 
 
 


Old
  Post #24 (permalink)   10-17-2009, 10:07 AM
HD Addicted
 
IkY0294's Avatar
 
Join Date: Dec 2008
Location: Brooklyn
Posts: 563

Status: IkY0294 is offline
This is a great post Steve.

My company isn't legally registered and to say it Im not that proud of it, I want to get it legally registered so I can do contracts, Only this is that its too much money for me ATM and Im only a 10th Grader trying to start his job life time. I just hope I can't get into big trouble for running a company like this and not being legal age If there is a legal age... And although some of my client do know that im just a 10th Grade, they trust me and know what there risking but I prove it t them that I can do it.
__________________
Who has the coffee pot?
 
 
 


Old
  Post #25 (permalink)   10-19-2009, 02:54 PM
HD Community Advisor
 
SenseiSteve's Avatar
 
Join Date: Mar 2009
Location: Saint Louis
Posts: 4,942
Send a message via MSN to SenseiSteve

Status: SenseiSteve is offline
Providing great service and support is huge, but being in the 10th grade, you can't legally enter into contracts, so there is a risk on the client side as well as yours. How do you handle liability?
__________________
ProlimeHost- Dedicated Server Hosting & KVM SSD VPS
Three Datacenter Locations: Los Angeles, Denver & Singapore
SuperMicro Hardware | Multiple Bandwidth Providers | 24/7 On Site Engineers
 
 
 


Old
  Post #26 (permalink)   10-19-2009, 06:46 PM
HD Wizard
 
romes's Avatar
 
Join Date: Feb 2007
Location: IL
Posts: 1,651
Send a message via Skype™ to romes

Status: romes is offline
I don't think he can't really...Can he? I mean you would need (in my opinion) atleast $5k for just-in-case situations...Never know when a client will take you to court.
__________________
RomesBlog.net | New Sci Fi Novel! - Aliens, Wars, Backgrounds, Settings and more!
Vanguard Project | Stay up-to-date on the latest news about my sci fi novel!
 
 
 


Old
  Post #27 (permalink)   10-19-2009, 07:56 PM
HD Wizard
 
Blue's Avatar
 
Join Date: Oct 2003
Location: PEI
Posts: 2,713

Status: Blue is offline
Money in hand is irrelevant.

The issue is whether or not he can legally enter in to a contract.
__________________
Hampshire Hosting
Affordable Shared and Reseller Hosting
 
 
 


Old
  Post #28 (permalink)   10-20-2009, 12:39 PM
HD Community Advisor
 
SenseiSteve's Avatar
 
Join Date: Mar 2009
Location: Saint Louis
Posts: 4,942
Send a message via MSN to SenseiSteve

Status: SenseiSteve is offline
I believe you can always have your parents, or other guardian, to back you contractually. Assuming you're making over $400 annually, how do you handle income reporting?
__________________
ProlimeHost- Dedicated Server Hosting & KVM SSD VPS
Three Datacenter Locations: Los Angeles, Denver & Singapore
SuperMicro Hardware | Multiple Bandwidth Providers | 24/7 On Site Engineers
 
 
 


Old
  Post #29 (permalink)   10-20-2009, 07:40 PM
HD Amateur
 
Join Date: Feb 2004
Posts: 68

Status: postasite is offline
Hey Steve, Great post, enjoyed reading the responses in this thread.

In Ontario, (Canada) you cannot lawfully conduct business using a business name unless it is a properly registered name. The only exception to this, if you operate the business using your personal given name(s). As we like to conduct business in a lawful and professional manner we have been registered since our inception date of 2003.
__________________
| Postasite.net, a registered business, providing affordable, reliable web hosting since 2003|
| 24x7 support | U.S/U.K Web Site Hosting | Domain Name Registration |SSL Certificates
| Visit http://www.postasite.net for more details |www.twitter.com/postasite
 
 
 


Old
  Post #30 (permalink)   10-21-2009, 08:47 AM
HD Community Advisor
 
SenseiSteve's Avatar
 
Join Date: Mar 2009
Location: Saint Louis
Posts: 4,942
Send a message via MSN to SenseiSteve

Status: SenseiSteve is offline
Thanks postasite. When you look at signatures on posts and threads in web hosting forums, how do you, as a prospect, know anything about these providers? I know, myself as a brick and mortar business owner, risk dire consequences if I select the wrong provider. I can't afford to take one step forward and three steps backward.

Employees trust their owners to make responsible business decisions, including the look, feel and professional presentation of their business online.

Perception is HUGE. If you're a provider, it's not how great you actually are, rather how you're perceived. If your support team fixes an issue the same as another provider, but your perceived support is condesending or shallow, your business will suffer.

A huge risk factor is the stability of the provider - will they be here tomorrow and five years down the road? When you have issues, do they have the resources to resolve them quickly?

In the case of whether your business is registered, the risks are exponentially increased if they aren't. What is your recourse if they close shop and keep your money? And this isn't just isolated to legal recourse. The time you waste chasing down issues relates to real dollars lost.
__________________
ProlimeHost- Dedicated Server Hosting & KVM SSD VPS
Three Datacenter Locations: Los Angeles, Denver & Singapore
SuperMicro Hardware | Multiple Bandwidth Providers | 24/7 On Site Engineers
 
 
 
Reply
Previous Thread Next Thread


Thread Tools

New Post New Post   Old Post Old Post
Posting Rules:
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Sponsored By: