Questions tagged [incorporating]
The incorporating tag has no usage guidance.
32 questions
2
votes
1
answer
123
views
Keeping personal and business finances separate, tax-wise, in two different countries inside Britain?
I live in Scotland and am about to start a very small business that will print books and sell them using Amazon as a dropshipper. The business will take the form of a company registered in England and ...
- 121
1
vote
0
answers
43
views
Joining Non-US Business as US Citizen, re-incorporate in the US? [closed]
The Situation
I, a US Citizen, have the opportunity to become a Co-Founder / Shareholder in a small non-US Company (currently incorporated in the EU).
What I have seen so far suggests that there are a ...
- 11
0
votes
1
answer
88
views
Are shares I issue when forming my company "paid for" or "unpaid"? (UK Ltd Companies)
"There
is no obligation to pay for shares unless the company is wound up or
goes into liquidation. However, as most shares are issued to raise
capital, it is common to pay for them when they are ...
- 11
1
vote
3
answers
379
views
To what extent are companies' owners not responsible to pay back money that they waste?
I've always been confused by this. Apparently, as I understand it, you can register a company for a small sum of money in Western countries, for example the USA or Sweden, which then become its own &...
- 11
1
vote
1
answer
58
views
Advantages of incorporating in Canada for reselling
I'm looking into reselling (flipping) retail merchandise on Amazon with FBA. I'm in Canada, I expect profit margins to be tighter.
One thing I'd like to know is if incorporating could save me from the ...
- 113
1
vote
0
answers
82
views
Incorporating a Canadian business with a US founder
I'm a Canadian citizen who is a American permanent resident residing in the USA. My cofounder is a Canadian citizen residing in Canada. We are incorporating a business that will be operating in Canada ...
- 165
0
votes
1
answer
47
views
Converting a personal business into a Company & its taxation advantages
I've often read opinions about taxation advantages of converting a personal business to a company but a point which confuses me is wouldn't the lower corporate tax rate be offset by the income tax ...
- 802
1
vote
0
answers
107
views
Tax implications surrounding self-employment/startup of US citizen in UK
For a US citizen residing in the UK, what are the major considerations and pitfalls to consider before starting a business (online)? Does it matter whether the business would cater almost exclusively ...
- 557
0
votes
1
answer
79
views
How to MAXIMIZE Income Taxes Paid by a US Corporation (Controlled foreign corporation)?
Yes, you have read this right: I would like to maximize the taxes paid by a US corporation to make sure that its income tax rate is > 25%.
This is a prerequisite to avoid the profits of the US ...
- 852
0
votes
2
answers
2k
views
Why would someone need Articles of incorporation from us?
Recently I got email from total stranger asking us, our company, to send him electronic copy of Articles of Incorporation. I don't know what to do. He could have legitimate purpose that I cannot think ...
- 31
2
votes
0
answers
172
views
Stop filing federal annual return (Canada)
I incorporated my company several years ago and since then I've been filing both my provincial and federal annual returns (pay $20 and confirm info). According to many sources, having the federal ...
- 101
1
vote
1
answer
361
views
Where is my principal place of business UK based?
I am in the process of setting up a company and trying to research everything before making the first step. Though I do not live there, I intend to register the company at my parent's address so that ...
- 11
4
votes
1
answer
883
views
Is it possible to claim EI while contracting
My friend has been terminated from a full-time job recently by his employer due to Work Force Reduction. He is eligible to apply for claiming Employment Insurance from next month.
Meanwhile he got a ...
- 187
1
vote
1
answer
263
views
How much income justifies incorporating into an LLC?
In the state of Washington, it is easy and cheap to start an LLC with basic liability insurance. I have a small software consulting operation that I use for hobby money, but I'm not sure at which ...
- 463
3
votes
1
answer
279
views
Trading options as a salaried individual Vs as a business?
Please consider the following information before answering:
I have a full time job where I earn more than $90,000 per year
I have been trading options for the last 2 years and have made between $10K-...
- 41
1
vote
1
answer
191
views
Do I need to be a shareholder in a single person corporation (in Ontario)?
I am researching various options as I self incorporate my business. As the incorporator, I am also the only director. Do I need to assign shares to myself immediately?
I haven't yet decided between ...
- 21
3
votes
1
answer
140
views
Just incorporated. Can I transfer my last personal paypal payout to my new business account?
I have an online business since 2009 and used to report the income as personal income. 3 months ago I finally incorporated my business but due to complications (and my lack of experience), it took ...
- 31
1
vote
2
answers
124
views
Can credit worthiness be transferred from me to a business?
I'm interested in incorporating in order to put my rental business under a business umbrella. Right now it is just me (no business papers, but I report income to the IRS).
I am wondering: can my ...
- 101
1
vote
1
answer
109
views
What are the costs to maintain an Inc? [closed]
I am wanting to form an Inc for an internet website like Facebook or Twitter and I am running it out of my home for now. I would want to register my startup in the state of Delaware and I am in ...
- 11
2
votes
1
answer
228
views
California resident, Delaware C-Corp - Taxes for 1-person software freelancer?
I'm a one person software contractor / freelancer / app store developer who lives in California (although I spend most of my year traveling to other places).
I incorporated a Delaware c-corp earlier ...
- 360
0
votes
1
answer
316
views
When to register for a bank account for a C-Corp with no official money
In Feb this year, I registered a C-Corp for administrative purposes only (for things that require a DUNS number, e.g., to get an Apple Enterprise Dev account, etc) and have thus far not passed any ...
- 360
3
votes
1
answer
320
views
Should an independent mobile game developer incorporate a business?
The story is thus: I am on the verge of publishing my first app, but I was thinking whether I should incorporate or not. I am an accounting student, albeit in second year with a budget of $1000. I am ...
- 139
2
votes
1
answer
156
views
Why big clients want the contractor to be incorporated before giving them work
Why do banks and other companies in Canada that employ independent contractors to do IT work insist that the contractor be incorporated, as opposed to a sole proprietorship?
- 16.1k
4
votes
2
answers
5k
views
Creating S-Corp: Should I Name My Wife as a Director/Shareholder?
I am creating an S-Corp for consulting services. I will be the sole employee for now, and likely for the foreseeable future.
I am trying to figure out initial shares for the corporation, which will ...
- 3,571
3
votes
1
answer
121
views
Deadline for Electing S-Corp Status -- What does it mean?
Got a new gig as a contractor, and I am considering forming an S-Corp for various reasons.
I have seen a few references to the deadline for electing S-Corp status being March 15th. One example:
...
- 3,571
1
vote
1
answer
768
views
How to set up my business as a self-employed contractor
I am a full time employee in New York City who does contract work on the side. Next year, I would like to set up a business for myself for this, with the expectation that I might become a full-time ...
- 155
18
votes
6
answers
4k
views
Indie Software Developers - How do I handle taxes?
I apologize if this is the wrong site to post on, perhaps someone could point me to the proper place if it is not.
Hello,
I am 17 years old and currently develop applications/games for Android and ...
Connor
4
votes
4
answers
520
views
Will my current employer find out if I have a sole proprietarship/corporation?
I am currently employed by a large Canadian corporation. I'm also in the planning stages of bootstrapping my own small company. The two are in unrelated industries, but it could be argued that there ...
- 41
7
votes
2
answers
1k
views
Is it possible for a new company to issue dividends in it's first operating year / month? (UK)
One of the more popular tax structures I keep hearing about, is using a company for revenues, which then pays dividends for it's sole owner. According to HMRC, in this case, the following tax ...
- 1,269
7
votes
6
answers
31k
views
Which is better when working as a contractor, 1099 or incorporating?
When working as a contractor, is it better to work as a 1099 contractor or rather incorporate as a C, S or LLC corporation? (with one employee/owner/board member)
(assuming that the pay is the same ...
- 203
8
votes
2
answers
769
views
Figuring S-corp taxes - salary vs. dividends
I am working on a business plan for a small business I'm going to be starting in the near future. I am going to incorporate as an S-corp. One of the line items on the business plan I have to present ...
3
votes
1
answer
2k
views
Is it worth incorporating, when working in Canada as a contractor for an employer in the US?
Assume a Canadian contractor is working remotely from Canada for a US based contracting company. Is it advisable to incorporate, in Canada, in this situation?
Also, once incorporated in Canada, is it ...
- 1,659