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| Thread title: Business Type? |
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12-20-2004, 05:18 PM
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#1
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Status: Senior Member
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 Business Type?
Hey,
Another question for all of you. If I wanted to register a web design company as a legal business in the United States, what type should I register it as. I currently have two staff members including my self (if that helps), but am looking for room to expand.
Thanks,
Remix
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12-20-2004, 06:39 PM
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#2
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Status: Freelance God
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Location: Secaucus, NJ
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You should contact your state or your county and then pay like $35 to make it a registered company. Then ... idk what to do from there. LoL, I know you will have to pay taxes to have it though >:O
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12-20-2004, 07:37 PM
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#3
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Thanks..anyone have the rest of the process?
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12-20-2004, 07:40 PM
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#4
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Status: The BidMaster
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Location: England
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Well, considering you are 14 (as indicated from your status) i am unsure as to whether you are legally required to pay taxes on the business. Do you have an office? How much are you making a month? Isn't 16 the legal age for work anyway.....
I guess what i'm saying is, do you REALLY need to be registered? What is the reason for doing this?
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12-20-2004, 07:43 PM
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#5
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Yes, I am also asking if I need too, I am not making money yet, because well the business has not been launched yet. 16 is the working age I think, but not sure beacause some of my friends who are 14 already have jobs.
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12-20-2004, 07:45 PM
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#6
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Status: The BidMaster
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16 is the working age I think, but not sure beacause some of my friends who are 14 already have jobs.
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You should ask how much they are earning. Kids can have jobs at 14, however they won't be able to work full time or earn a basic wage. I am guessing this is the case, something like a paper round.
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12-20-2004, 08:03 PM
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#7
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I'd keep a freelancer status, no business registration required. I would strongly reccomend against registering until you are least 18 and ready to account for all taxes/paperwork/etc. Or at least until you are not under the guardianship of your parents...
Regards,
Patrick
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12-20-2004, 08:39 PM
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#8
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can i ask what would the benefits be of ever becoming a registered business? i mean wouldn't always be better to stay clear of those taxes? 
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12-20-2004, 08:41 PM
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#9
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Becoming a registered business just makes you more official, serves no real purpose though other than for legal situations and getting to pay taxes. Also you aren't required to register as a business until you make $x a year, not quite sure of the figure.
Regards,
Patrick
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12-20-2004, 08:54 PM
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#10
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Status: The BidMaster
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what would the benefits be of ever becoming a registered business?
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As long as you don't bump into the tax man then.....none really. 
Basically what Patrick said, it is illegal to be earning above X amount per year without paying tax.
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