INTENSITY²
Start here => What's your crime? Basic Discussion => Topic started by: Parts on February 20, 2008, 03:18:11 PM
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Anybody have any experience within LLCs. Or havening real employees if all goes well at the school I might expand and head down that road
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No, I don't. Maybe someone else does, though.
:-\
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An aspie board may not be the place to ask such things. Just I am feeling ambitious
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I don't know a lot, but I've done a few workshops and worked with some startups. Are you thinking of hiring regular or contract employees? Regular can be a headache, because you have to get an employer ID number and do a lot more paperwork, like calculating employee taxes and deducting them from their wages. You also become obligated by law to provide various things for your employees, like an option for health care coverage (I think, this is third hand info).
An LLC is more appropriate if you want your business to function like an independent entity, paying its own taxes, and with its own liability for debt (if you went under, they couldn't take your life savings). Sole proprietorships are a lot easier to manage but you're also personally liable for anything that goes wrong.
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Employees might come in time if it grows. Talking to someone I want to get interested in it on Saturday. I'm thinking LLC mainly because of the cost and scope of the work I may be getting into and also the liability issues with doing commercial firestop work
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Did this ever happen?
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No the school turned out to be a one time thing probably for the best