Just looking for some advice...Has anyone set up an LLC if so did you do it yourself or use a lawyer? Any lessons learned?
Thanks,
Art
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Welcome to the Colorado AR-15 Shooters Club Discussion Forums.
Setting up an LLC...
Just looking for some advice...Has anyone set up an LLC if so did you do it yourself or use a lawyer? Any lessons learned?
Thanks,
Art
Colorado makes it pretty easy
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When you do set it up with the Secretary of State, opt into the Secure Business Filing. They will send you a PIN and you will need to use that when you file additional documents to your business file. It keeps others from doing the same or even taking over your business filing. Lastly, when you decide you are done with the LLC, dissolve it.
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That is Honor, and there are way too many people in this country who no longer understand it.
https://www.coloradosos.gov/biz/NameCriteria.do
Start here to search for the name of your business. If it is available, click on file documents and follow the prompts. It is very easy.
Been down this rabbit hole.
My lawyer and accountant said to open an S corp over an LLC. It can be done, online, for about $50.
My understanding is an LLC is more for real estate deals.
Micheal HoffHard times make strong men
Strong men create good times
Good times create weak men
Weak men create hard times
For NFA purposes?
You know I like my coffee sweet in the morning
and I'm crazy about my tea at night
I just did my annual status filing with the state. It wasn't too bad setting it up the LLC. I needed one to work as a contract employee so the staffing agency could pay me. Some say I should've done S Corp, some people say it wouldn't make a difference in my situation. My accountant was pretty 'meh' about it.
There's a fine line between cuddling and holding someone down so they can't get away.
Thanks for the advice! I am just buying and selling stuff - re-seller. Mainly comic books, and cards/collectibles. Time to cash in on the crazy market right now. Looks like I am all done. Got filed payed my 50 bucks and got my EIN!
Don't use your home address. Get a PO Box from a store that provides a street addtress, such as XXX Main Street, Suite 23 B 470, Anytown CO. Keep an extra layer of privacy from your home and business.
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