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When do you register a company to incorporate your web business?

Discussion in 'General Business' started by tradester, Feb 25, 2010.

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  1. #1
    Most freelancers or web businessmen start out as sole proprietors. When your business takes off, at which point and what revenue would you start incorporating your web business as a liimited company? :)
     
    tradester, Feb 25, 2010 IP
  2. mentos

    mentos Prominent Member

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    #2
    I incorporating my company when i start hire more than 10 worker work for me.
     
    mentos, Feb 25, 2010 IP
  3. Sunrise Associates

    Sunrise Associates Peon

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    #3
    I guess that depends on several factors.
    :):eek::)
     
    Sunrise Associates, Feb 26, 2010 IP
  4. slogold

    slogold Peon

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    #4
    this depend on several factors, one is taxes, second is risk etc
     
    slogold, Feb 27, 2010 IP
  5. Barefootsies

    Barefootsies Well-Known Member

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    #5
    Exactly.

    For me, I did it right out of the gate. I wanted to make sure I was protected in regards to liability and have my personal and business checking accounts separate. I also wanted to make sure, for tax purposes, things were very easy and divided. This would keep things nice and clean in regards to taxes and liability. Which is what a lawyer, and CPA, would tell you to do in regards to C.Y.A..
     
    Barefootsies, Feb 28, 2010 IP
  6. Barefootsies

    Barefootsies Well-Known Member

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    #6
    Exactly.

    For me, I did it right out of the gate. I wanted to make sure I was protected in regards to liability and have my personal and business checking accounts separate. I also wanted to make sure, for tax purposes, things were very easy and divided. This would keep things nice and clean in regards to taxes and liability. Which is what a lawyer, and CPA, would tell you to do in regards to C.Y.A..
     
    Barefootsies, Feb 28, 2010 IP