Results 1 to 12 of 12
  1. #1
    Join Date
    Jan 2003
    Posts
    653

    Are you a Freelancer, Sole Prop, Partnership, or Corporation?

    I just want to know what business pattern you are currently using, since I plan on starting my own web hosting biz, I might as well know what would fit best to my current scenario.

    Thanks thanks..

  2. #2
    Join Date
    Nov 2004
    Posts
    159
    Sole Prop and upgrading to corporation when I turn 18.

  3. #3
    Join Date
    Feb 2004
    Location
    Your Screen
    Posts
    3,998
    Quote Originally Posted by Scout
    I plan on starting my own web hosting biz, I might as well know what would fit best to my current scenario.

    Thanks thanks..
    Your accountant and lawyer would be the ones to confer with on that, not total strangers on a forum. They can tell you about your options and which one(s) best fit your state and national laws, your tax bracket, etc. etc.

    Bailey
    Let's Connect on Twitter! @thatsmsgeek2u || Fighting mediocrity one thread at a time.

  4. #4
    Join Date
    Mar 2001
    Location
    Houston, TX
    Posts
    972
    I'd really go down the LLC route and skip the sole proprietorship if I were you. It just seems to work better in terms of the benefits of pass-thru taxation and the limited liability.

    Cheers,
    Roj
    Web Hosting? Been there. Done that.
    I am niyogi.

  5. #5
    Join Date
    Aug 2005
    Location
    California
    Posts
    154
    I am currently a freelancer.

    Working on contractual basis. Hopefully I'll gain enough capital to go LLC in the future.
    Beer is Good.

  6. #6
    Join Date
    Aug 2004
    Location
    Indiana
    Posts
    1,192
    LLC from the start.
    Ankit Gupta - Cernax Hosting
    "We're always second in the industry, the customer comes first."

  7. #7
    Join Date
    Sep 2004
    Location
    New Jersey
    Posts
    104

    advice

    I am not a lawyer, but when we started our own web hosting company we deciced on an LLC. As long as you handle things properly it helps protect your personal assets should you be sued. As a sole proprieter your personal assets are at risk. An LLC is light-weight and helps protect you personally as long as your business behaves properly. A LLC is slightly more expensive to maintain, but can be worth it. I would highly suggest consulting a business attorney beforehand, though.

    Brian
    Colynx, LLC. (http://www.colynx.com)
    Providing inexpensive Web, email, DNS hosting, and more. Now offering $8/yr domain registrations. Name your own price for hosting. Hosting should be on YOUR terms.

  8. #8
    LLC here. Tax Benefits of a Sole Prop with Liability of an Inc.
    Brian Shrift
    www.AdvancedWebmail.net
    Business Hosting Services

  9. #9
    Join Date
    Nov 2005
    Posts
    47
    S-corporation would be better choice than LLC. bit more paper work but less tax
    http://www.ImBae.net - Million Dollar Site For Online Entrepreneurs
    http://www.iGoLink.com - Buy Your Link and Advertise Today

  10. #10
    Join Date
    Jan 2002
    Posts
    1,033
    Quote Originally Posted by ImBae.net
    S-corporation would be better choice than LLC. bit more paper work but less tax
    Why don't you read Bithost's reply because he hit it on the nail.

    Anyways, my company is a LLC.

  11. #11
    Sole Prop but hard work as I'm the only one within the business.

  12. #12
    Join Date
    Dec 2005
    Location
    michigan, usa
    Posts
    4
    --
    first post here at WHT

    ...My biz is unique in the sence that it is a S-Corp here in the USA even though I am the only current employee. But I have an operating agreement with a partner in Romania with the same company name 'incorporated' there in Romania. So we technically are 1 company but 2 locations from the start!
    Last edited by jumpEYE; 12-06-2005 at 09:42 AM.

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