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  1. #1
    Join Date
    Nov 2002
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    United Arab Emirates
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    467

    Question Incorporating my Reseller Business

    Hiya all


    I have just joined this forum and have been reading most of the posts and many of them offer great advices. So I thought of getting some help from the best around here.

    I was planning on starting a reseller hosting business along with domain registering and a shopping mall.

    I want to incorporate my business as I am totally new in the field. I am residing in U.A.E and they only provide with L.L.C. and its cost it $81,682.

    So if i want to do just online business, can I incorporate my business at US or Canada. And would this be legal.

    Thanks in advance

  2. #2
    Join Date
    Mar 2002
    Location
    Chesterton, IN
    Posts
    792
    I don't see much of a need to incorporate your business as a reseller. I don't believe there is anything illegal about not being incorporated as a web host (or for that matter of fact, any other small business). In fact, most hosts aren't incorporated, and for good reason (no need to ). I'm not 100% sure about this, so do correct me if I am wrong.

    Then again, I don't live in the United Arab Emirates (that is correct, right?), but I've never seen a big issue about getting a small business (especially a web hosting business running off of a reseller package) incorporated.
    Matt De Leon
    GreekComm - http://www.greekcomm.com/
    Online Community for Greek Fraternities and Sororities.

  3. #3
    Join Date
    Nov 2002
    Location
    United Arab Emirates
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    467
    Thanks for the reply swidwap

    But my main business isnt Web Hosting Reselling rather its the shopping mall.

    So I do need as it puts some confidence in custormers to see a Inc. in front of the Name.

  4. #4
    Join Date
    Sep 2002
    Location
    Florida
    Posts
    40
    Hi Farrukh,

    While most of their information is targeted toward businesses in the U.S., you might want to check out two sites:

    1) The Small Business Administration, http://www.sba.gov (you'll find details about how to incorporate, along with links, at http://app1.sba.gov/faqs/faqindex.cfm?areaID=1), and

    2) MyCorporation.com, http://www.mycorporation.com. While I've never used their services, their site offers a lot of information, pros and cons, and other resources for those considering incorporations.

    I would have to think that, no matter where you're located, you can certainly find a way to incorporate or form an LLC for much less than the $81,000-plus you were quoted.

    Best of luck!
    Shirley Siluk Gregory
    The ebi Group http://www.ebigroup.com
    Business Plans, Marketing Plans, Resource Guides and Research for Hosts and Resellers

  5. #5
    Join Date
    Nov 2002
    Location
    United Arab Emirates
    Posts
    467
    Hiya ebigroup


    So if i incorporate my business which is totally Online. It should be concerned with the particular country in residing in.

  6. #6
    Join Date
    Jun 2002
    Location
    houston, tx
    Posts
    544
    You absolutely need legal representation in your situation.
    Joe - HostingWave.Com / TXINSURANCE.COM
    http://www.hostingwave.com
    SURGEON GENERAL'S WARNING: Smoking Causes Lung Cancer, Heart Disease, Emphysema, And May Complicate Pregnancy.

  7. #7
    If I were you I would look at getting registered offshore. There is a really small island I can't remember the name right now, but it's very popular. I looked into prices, and I think it was around $800 startup, and like $200 a year, which is great. If you incorporate in the US I'm sure you'll be forced to pay taxes. Actually, you may not be able to register in the US?

    Do a search on google for offshore entities.
    Good luck

    Zak

  8. #8
    Join Date
    Jun 2002
    Posts
    1,874
    With our latest budget proposals, here in the UK, it's even easier and profitable for small businesses and the self employed to incorporate themselves. I would recommend looking at incorporating your business here in the UK especially the government is trying to encourage new companies to start up.

  9. #9
    Join Date
    Nov 2002
    Location
    United Arab Emirates
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    467
    I have checked out some US states which charge from $60 and some Canadian States which charge from $30.

    Is it per year and how does it last long. I read the Inc. lasts for 10 years and One has to file a affadavit after 5 years to continue the Inc.

  10. #10

    You should post the links.

    I think other would like to know the U.S. states and the Canadian Provinces you were looking into and the links you located.

    Other are probably interested in the same inforamtion. It will help them in the future.
    Hosting, Domains and Reselling
    We wrote the book on getting
    The Best Prices in town.
    http://www.Oritsfree.com

  11. #11
    Join Date
    Nov 2002
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    United Arab Emirates
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    467
    Hiya Sphere2

    Compare the prices for each US State

    http://www.123-incorporate.com/incdata/incfees.htm

  12. #12

    Not bad

    West Viginia is $30.00 that's pretty inexpensive.

    I am sure everyone will appriciate the link.

    Thanks for posting it.

    Here is an article I found.

    http://sbinfocanada.about.com/librar.../aa060801b.htm
    Last edited by sphere2; 11-08-2002 at 10:37 PM.
    Hosting, Domains and Reselling
    We wrote the book on getting
    The Best Prices in town.
    http://www.Oritsfree.com

  13. #13
    Join Date
    Nov 2002
    Location
    Russia, Tyumen
    Posts
    6
    Farrukh you are Arab?

    If you aborigine UAE can you there is sense to search for investor, which in making the business in your country

    PS: You do not know Etisalat gives the facilities collocation?

  14. #14
    Join Date
    Nov 2002
    Location
    United Arab Emirates
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    467
    ES i am not an Arab rather im a pakistani residing in UAE.

    IM planning on establishing an online business. But L.L.C. in UAE is extremely expensive for beginners.

    So im looking for other alternatives.

    Here is another link for Canadian Incorporation.

    http://www.corporationcentre.ca/home.html

  15. #15
    Join Date
    Oct 2002
    Location
    WWW
    Posts
    718
    Hello All,

    The right forum for this discussion is Running a Web Hosting Biz http://www.webhostingtalk.com/forumd...une=&forumid=6

    Thanks.

    Shikha
    “We don’t see things as they are, we see them as we are.” - Anais Nin
    + + http://goo.gl/FueXnz

  16. #16
    Join Date
    Nov 2002
    Location
    Russia, Tyumen
    Posts
    6
    Farrukh

    $82K this for company residing in zone of favourable tax imposition or for any company?

    PS: I'm on your place has taken the small plan reselling for 100 dollars per annum and began with it, but here is already afterwards has thought there is sense to spend the money on company....

    ALL IMHO

  17. #17
    Join Date
    Nov 2002
    Location
    United Arab Emirates
    Posts
    467
    Shikha , I dont want to run my own personal Web Hosting Business rather i want to work with a reseller package at first

    ES!, i presume that you are an arab

  18. #18
    Join Date
    Nov 2002
    Location
    Russia, Tyumen
    Posts
    6
    Farrukh, no i'm not Arab.

    I'm interesting this price for company in offshore or for usual...

  19. #19
    Join Date
    Nov 2002
    Location
    United Arab Emirates
    Posts
    467
    ES! do u live in UAE

  20. #20
    Join Date
    Nov 2002
    Location
    Russia, Tyumen
    Posts
    6
    Farrukh
    No, I'm from Russia.....
    Simply could be once in UAE...

  21. #21
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    Nov 2002
    Location
    United Arab Emirates
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    467
    oh alright, so do u have a website.

    You said that you are running a $100 reseller plan.

  22. #22
    Join Date
    Nov 2002
    Location
    Russia, Tyumen
    Posts
    6
    Yes, I'm use small reselling plan.
    100USD per year - 500MB\15Gb...
    I am enough
    You recommend first to take small tariff, but afterwards solve to spend further money or no

  23. #23

    My 2 cents

    I have never done it but i have read that delaware is a choice place to register in the US, they dont charge many of the taxes and tariffs most states do, they get the paperwork rolling on the same day as they are VERY helpfull to businesses.

    Like I said i have yet to do it but have read a few places that delaware is a good place to incorporate.
    if anyone knows for sure please lt the rest of us Know.

  24. #24

    Update

    looking at http://www.mycorporation.com that someone posted above I think I'm right
    Delaware charges 50$ for the state filing fees. using the http://www.mycorporation.com site/company to do it for you runs as thus.

    MyCorporation.com® Filing Service $149.00
    Shipping & Handling (U.S. Priority Mail) $9.00
    State Filing Fees
    Standard State Filing Fee (20 Days) $50.00
    ---------------------------
    $208.00 Total

    I checked texas and Nevada and those totals were over 300$
    it look slike a great place to check prices out you just pick the state and the corp/llc etc.. that you want and it will give you a quote. pretty cool actually.

  25. #25
    Farrukkh -

    I'm not sure how business work outside of the UK...but in the UK setting up a limited company [PLC] is a way of deferring personal financial responsibility for any fiscal problems that may arise with the company.

    In other words, as a sole trader, if something goes wrong, all your personal assets can be held against your business creditors. A limited company prevents this from happening - the businesses direct assets are the only assets at risk from creditors.

    If you're planning on using a shopping mall, it's highly probable that you absolutely need the equivalence of a limited company.

    And as stated above, you absolutely need legal advice.

    Brian

  26. #26
    Join Date
    Nov 2002
    Location
    Russia, Tyumen
    Posts
    6
    Strange, company in USA like cherish cost...
    Tangled all...

    Farrukh
    Go to lawyer that all detail to hear.
    Afterwards narrate where that cost

  27. #27
    Join Date
    Nov 2002
    Location
    United Arab Emirates
    Posts
    467
    Would Incorporating in Nevada or Delware really effect my business in any way.

  28. #28

    hmm..

    well for one incorporating, can help you keep your personal assets.. the majority of lawyers will say for a small busiiness to go LLC.

    if someone for whatever reason desideds to sue your business.. if your incorporated they can only target business assets. same goes if the business goes bankrupt. creditors can only go after business assets.. now if your not incorporated.. and even if you don't have a business licence of any kind then its "somewhat" considered a sole propretership , even though you dont even have that filed out, and they can sue you for your personall assets, meaning if they win and you lose they can come after you bank accounts, your house..anything you own just about. so in the long run its just safer to get a LLC, since it's not that much, and save your "personal" belongings, and have greater piece of mind.. remember these days what you don't know CAN hurt you. and that way if something does happen all they can try and get is whatever "belongs" to the business.. eg computer and business accounts.

  29. #29
    If I were you I would look at getting registered offshore. There is a really small island I can't remember the name right now, but it's very popular. I looked into prices, and I think it was around $800 startup, and like $200 a year, which is great. If you incorporate in the US I'm sure you'll be forced to pay taxes. Actually, you may not be able to register in the US?
    Is this even legal to do?

  30. #30
    Join Date
    Jun 2002
    Location
    Oregon, USA
    Posts
    96
    The best state in the US to Incorporate in my opinion is Oregon, which is where I have 2 Corporations and I also live. It cost me a mere $20 to Incorporate. Takes about 15 days to complete, just depends on your submission method.

    Just my $0.02

  31. #31
    Join Date
    Nov 2002
    Location
    United Arab Emirates
    Posts
    467
    Hiya edwin

    Its costing you less coz you are residing in Oregon but i am in UAE. SO for that i will have to hire a Registered Agent and that will cost me around $200 to $300.

    Neveda dosent require an individual or a group to reside or to even have a registered agent.

    and they cost around $135

  32. #32
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    Nov 2002
    Location
    United Arab Emirates
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    edwin_b, does Oregon's $30 fees include the Taxes .

  33. #33
    Join Date
    Jun 2002
    Location
    Oregon, USA
    Posts
    96
    Well on the registered agent, I thought I saw something on the Oregon website about Registered agents where they only cost $100 or something here in Oregon. If you'd like here is the website for Oregon:

    http://www.filinginoregon.com

    As far as taxes, I did not have to pay any taxes when the Corp was formed. Being in Oregon I only have to pay State Income tax, and of course the Federal taxes every quarter.

    So to form each corporation was only $20, and the country I live in they don't have any business licensing requirements. So I had no licenseing fees either.

    Hope that helps some.

    Also I only meant my post to be more funny, than serious. It always seems people like to knock on Oregon, or make fun of us. Not to mention most people can't even pronounce Oregon correctly.

    Anyway wish you luck in finding a place to incorporate.

    Regards.

  34. #34
    Does it matter if you can register your business in a state that you do not reside in?

  35. #35
    Join Date
    Jun 2002
    Location
    Oregon, USA
    Posts
    96
    Not sure I understand the questions there. I am a bit tired been up for 2 days straight. Could you possibly rephrase for me..?

    Regards.

  36. #36
    Does it matter if you can register your business in a state that you do not reside in?
    Rephrased: Say I live in Pennsylvania. Would it be legal if I incorporate my business in a state other than Pennsylvania?


  37. #37
    Join Date
    Jun 2002
    Location
    Oregon, USA
    Posts
    96
    Yes it is legal. I don't see much advantage of it though unless you have some high taxes in the state you live in. Oregon is not too bad. But then I also have a corporation in Washington State as well, only because I conduct some business there that is not entirely web related.

    But if you are looking to file in another state I would suggest Deleware, they are probablly the most friendly to Corporations.

    But if you are reall interested in starting a corporation in another state I suggest you contact whomever handles that in the particualr state. In Oregon it is the Secretart of State's Office, in Washington it is handled by the Deparement of Licenseing.

    Hope this helps.

    Regards.

  38. #38
    Join Date
    Nov 2002
    Location
    United Arab Emirates
    Posts
    467
    its true about Delaware, almost all the sites about incorporating the business, i have been to suggest to incorporate your business in Delware.

  39. #39
    Join Date
    Jun 2002
    Location
    Oregon, USA
    Posts
    96
    Yea I have thought about setting up one there as well. I might do it one of these days. I have too many as it is though.

    Regards.

  40. #40
    Join Date
    Nov 2002
    Location
    United Arab Emirates
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