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Form an LLC or just do sole proprietorship?
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Date: April 21st, 2013 3:50 PM Author: sepia beta rehab fortuitous meteor Starting an tutoring company, where tutors are gonna be independent contractors. I basically match up students with tutors and play the middle man, students pay me, i give a big chunk to the tutors. Going to be in ny/nj/pa hopefully. Do i need to have an llc to issue 1099's to independent contractors? And i'd rather avoid the llc costs if i can. Idea/suggestions would be appreciated (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048553) |
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Date: April 21st, 2013 4:43 PM Author: Harsh station wrinkle llc
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Date: April 21st, 2013 3:53 PM Author: Arousing bearded area llc costs are minimal and you can figure out how to do it on your own if you are an attorney (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048563) |
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Date: April 21st, 2013 4:03 PM Author: sepia beta rehab fortuitous meteor i'm not concerned about the liability since don't think anyone is going to be suing tutors. i'm pretty sure i can fill out the llc paperwork, but i would form an ny llc, how much is annual registration and that stuff? i'd prefer not do llc if i don't have to, can i still issue 1099's if not llc? (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048598) |
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Date: April 21st, 2013 3:54 PM Author: Twisted light library LLC (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048566) |
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Date: April 21st, 2013 3:55 PM Author: impertinent boyish athletic conference incel Just do legalzoom.com bro its like 100 bucks for an llc (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048570) |
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Date: April 21st, 2013 4:35 PM Author: talented violent boltzmann stage There's over 1000 in newspaper posting fees (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048738) |
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Date: April 21st, 2013 5:04 PM Author: sepia beta rehab fortuitous meteor what about outside of nyc? my bro has an office address i can use in a pretty suburban county (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048899) |
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Date: April 21st, 2013 4:35 PM Author: talented violent boltzmann stage Us u need an office (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048739) |
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Date: April 21st, 2013 4:42 PM Author: Primrose Field PO Box or even a house address is fine for a tiny closely-held company. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048772) |
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Date: April 21st, 2013 4:40 PM Author: hyperactive sweet tailpipe i was looking to do the same thing with a different business (using independent contractors). small business advisor recommended an S Corp over an LLC for CA because S Corp's pay less in taxes. Both require an annual reg fee of ~$800+. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048759) |
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Date: April 21st, 2013 4:42 PM Author: Primrose Field In NY LLC's have additional newspaper publication costs that S-Corp.'s don't have. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048767) |
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Date: April 21st, 2013 4:42 PM Author: dull mother juggernaut you can issue 1099s as an individual, if that's your only concern (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048773) |
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Date: April 21st, 2013 5:03 PM Author: sepia beta rehab fortuitous meteor yeah that's my main concern (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048896) |
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Date: April 21st, 2013 4:47 PM Author: charismatic locale feces LOL when you get sued for misclassifying the tutors as independent contractors (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048799) |
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Date: April 21st, 2013 4:49 PM Author: dull mother juggernaut wut would he get sued for (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048806) |
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Date: April 21st, 2013 4:50 PM Author: Primrose Field That's actually a good point. Dept of Labor and IRS and state agencies would classify them as employees. There is a multi-factor test they use and it'd probably be hard to get young tutors to qualify under the I-9's. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048812) |
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Date: April 21st, 2013 4:52 PM Author: Free-loading state are you guys retarded or something? you guys must not ever deal with this stuff like i do. bottom line: situation like this, there's no way this becomes an issue. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048823) |
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Date: April 21st, 2013 4:54 PM Author: dull mother juggernaut isn't it only an issue if there's some FLSA violation going on? it's not like he's working farm labor into the ground or some shit.. it's a few hours a week, right? (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048836) |
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Date: April 21st, 2013 5:00 PM Author: charismatic locale feces im just saying u need to check whether they are properly classfiied as IC otherwise you can get class action PWN'd with a FLSA lawsuit
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Date: April 21st, 2013 11:23 PM Author: sepia beta rehab fortuitous meteor yeah bro, and with the type of tutoring i'm going for it's not likely to be recurring weekly, maybe once a month. also the tutors i've talked to generally work for a few different companies and ic's (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23051744) |
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Date: April 21st, 2013 4:59 PM Author: Primrose Field I question your supposed wisdom. Irs hates employers abusing the independent contractor status. Just because the Irs is slow to catch on to these things doesn't mean it's proper. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048862) |
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Date: April 21st, 2013 5:00 PM Author: charismatic locale feces the IRS test is different from the FLSA test faggot
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Date: April 21st, 2013 5:01 PM Author: Free-loading state lol, question away, dumbass. you may also want to read the OP and understand the situation before mentioning dumbass retarded nonsense. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048880) |
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Date: April 21st, 2013 4:51 PM Author: Free-loading state LOL. there's a 0% possibility of this in a situation like he described in the OP. (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048818) |
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Date: April 21st, 2013 5:02 PM Author: sepia beta rehab fortuitous meteor you sound experienced bro, i'm good paying them as independent contractors? (http://www.autoadmit.com/thread.php?thread_id=2236393&forum_id=2#23048891) |
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Date: April 21st, 2013 5:08 PM Author: Arousing bearded area guy who can't afford a thousand bucks for whatever protection llc provides seeking more free legal counsel on internet at least you are consistent |