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  Post #16 (permalink)   04-06-2013, 11:01 PM
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Like already mentioned registering as a business is certainly important. Depending on how you do this, it can also help you establish your brand and build some more trust from future/current clients. Registering your business also shows you are dedicated to what you do.

An example with a physical product would be: Where would you buy a product: online from an unregistered business or at a local store you know is registered?
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  Post #17 (permalink)   04-07-2013, 10:15 AM
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Originally Posted by BrandonM View Post
Like already mentioned registering as a business is certainly important. Depending on how you do this, it can also help you establish your brand and build some more trust from future/current clients. Registering your business also shows you are dedicated to what you do.
does not work like that in the UK as anyone can go and register a Limited company from as little as £15 GBP
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  Post #18 (permalink)   04-07-2013, 10:36 AM
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Originally Posted by easyhostmedia View Post
does not work like that in the UK as anyone can go and register a Limited company from as little as £15 GBP
I imagined it is different. In the wonderful US state filing fees are typically in the hundreds. In NY you have to pay the state fee of $210 + within 90 days of being registered do a publication which ranges from a few hundred to a few thousand.
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  Post #19 (permalink)   04-07-2013, 10:43 AM
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Originally Posted by BrandonM View Post
I imagined it is different. In the wonderful US state filing fees are typically in the hundreds. In NY you have to pay the state fee of $210 + within 90 days of being registered do a publication which ranges from a few hundred to a few thousand.
which i think would be a better way in the UK, as their are thousands of cowboy traders who will set up a ltd company, get suppliers from traders rip people off by either doing shoddy work or no work at all after getting paid and then just pay the £10+VAT to companies house to de register the ltd company and of course as the company is no more no supplier or consumer will get their money or goods back and then the cowboy just sets up again to do the same thing.
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  Post #20 (permalink)   04-09-2013, 10:24 AM
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Originally Posted by zxenterprises View Post
I registered my company as LLC immediately, only took 2 months to have it all finalized.
I would def recommend doing so if your planning on being in business, being a LLC protects yur personal assets and opens more doors with suppliers etc.
I had RocketLawyer do my LLC stuff and including the Seal they only charged me around $250 ($150 was filing fee for my state)
When I ran last electronic shop retail store think local lawyer charged me around $1500 to do same thing but it is much more affordable now with the legal sites now that can do the paperwork for you.
What are the statutory costs of filing taxes in the US ? Do you need to appoint a CPA ? How much does it cost to maintain a LLC in the US ?
 
 
 


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  Post #21 (permalink)   04-10-2013, 03:40 PM
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Registering as a business is a good use of money. I don't think it's necessarily a must for startup hosting companies, though it may help get a company started because potential customers will trust it more.
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  Post #22 (permalink)   04-11-2013, 05:36 PM
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It is always recomended to register as a business. This way, you have the law on your side!
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  Post #23 (permalink)   04-13-2013, 05:00 AM
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It is always recomended to register as a business. This way, you have the law on your side!
Not sure what the point of this post is - what do you mean by having the law on your side?
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  Post #24 (permalink)   04-13-2013, 05:08 AM
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Originally Posted by InertiaNetworks View Post
It is always recomended to register as a business. This way, you have the law on your side!
So i can register as a business and then scam everyone and the law will be on my side.

I DON'T THINK SO!!

As a business (registered or not), you have to comply with current legislation.

But if you are doing anything that is generating an income then you have to declare this as earnings.

In the UK you need to do this as a minimum

1) register with the HMRC for tax purposes
2) register with ico.gov.uk under DPA if you store personal details on a computer or manual files.
3) open a business account ( more and more wholesalers require this)

points 1 and 2 are the important and legal requirements
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  Post #25 (permalink)   04-29-2013, 02:58 PM
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Originally Posted by easyhostmedia View Post
So i can register as a business and then scam everyone and the law will be on my side.

I DON'T THINK SO!!

As a business (registered or not), you have to comply with current legislation.

But if you are doing anything that is generating an income then you have to declare this as earnings.

In the UK you need to do this as a minimum

1) register with the HMRC for tax purposes
2) register with ico.gov.uk under DPA if you store personal details on a computer or manual files.
3) open a business account ( more and more wholesalers require this)

points 1 and 2 are the important and legal requirements
And what´s the time and money those steps take in the UK?
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  Post #26 (permalink)   04-29-2013, 03:05 PM
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And what´s the time and money those steps take in the UK?

1) register with the HMRC for tax purposes
Free and 10 to 15 minutes online or a 1 hr free consultation with an accountant

2) register with ico.gov.uk under DPA if you store personal details on a computer or manual files.
£35 a year and a simple form to complete and post off

3) open a business account ( more and more wholesalers require this)
Free to set up and usually free of charges for upto 24 months, 1 hr chat with banks business manager.

but regardless with points 1 and 2 as these are legal requirements
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  Post #27 (permalink)   07-11-2013, 07:45 PM
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For what it's worth (and this is not a shameless plug, as I have NO affiliation with them), if you are in the US, I have had a lot of luck with using LegalZoom to do this kind of thing. I have incorporated two difference entities in the past, and it's taken a simple phone call to discuss with them what the best way to setup an LLC or registered business would be. Each time it's been worth every penny, IMO.
 
 


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  Post #28 (permalink)   07-12-2013, 05:39 AM
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Its always better to be registered. The laws would depend on your state/country. Might want to talk to your accountant or lawyer.
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  Post #29 (permalink)   10-04-2013, 07:33 PM
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Business should be registered if you are really serious with it. And it will leave a good impact on your clients.
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  Post #30 (permalink)   10-27-2013, 11:17 AM
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Quote:
Originally Posted by BlastPort View Post
For what it's worth (and this is not a shameless plug, as I have NO affiliation with them), if you are in the US, I have had a lot of luck with using LegalZoom to do this kind of thing. I have incorporated two difference entities in the past, and it's taken a simple phone call to discuss with them what the best way to setup an LLC or registered business would be. Each time it's been worth every penny, IMO.
How much did it cost in total working with LegalZoom? I've heard good things but never actually worked with them
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