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DISCLOSURES - Cookies

I think this site uses cookies to analyze traffic and for ads measurement purposes. I'm not really sure, I don't do techy stuff. I built it on Google's Blogger platform, ask them. I put this here because some IDIOT BONEHEADS thought you needed new laws. Here're some links if you want more information.

DISCLOSURES

Some lawyers stay up at night trying to ruin free society and create new rules. Therefore, here are the disclosures I must have that you probably won't read.

Starting a business


 Many folks ask me how to start a business, here are the steps, in general.

1. Choosing a Type/Structure:

The US Small Business Administration (SBA) has a ton of information about starting, structuring, and launching a business. The SBA.Gov website has a special topic on choosing a Business Structure.

Most Common:
Business structure
Ownership
Liability
Taxes
Business structure:
Sole proprietorship (often uses a DBA / ABN)
Ownership:
One person
Liability:
Unlimited personal liability
Taxes:
Personal tax only
Business structure:
Limited liability company (LLC)
Ownership:
One or more people
Liability:
Owners are not personally liable
Taxes:
Self-employment tax
Personal tax or corporate tax
Business structure:
Corporation - C corp
Ownership:
One or more people
Liability:
Owners are not personally liable
Taxes:
Corporate tax
Business structure:
Corporation - S corp
Ownership:
One or more people, but no more than 100, and all must be U.S. citizens
Liability:
Owners are not personally liable
Taxes:
Personal tax

2. Entity Filing in Idaho

The Idaho Secretary of State website contains all of the forms one could need to star their business filing. On the left, select Business Entities, the select the entity type you are interested in creating.

Most common are:

You will print out the form, sign it, and send it by mail with a check for the filing fee ($25 or $100, typically). The Secretary of State in Idaho takes FOREVER to complete the filing. Could be two weeks, could be six weeks. Could be longer.

 3. EIN / Tax ID

If you are any type of business except a Sole Proprietor using your name or an ABN/DBA, you'll need to have a Tax ID (EIN). Simple, easy, and Free process. Just go to IRS.Gov, select "Apply for an Employer ID Number (EIN)", under step 3 select Apply Now, then select Begin Application. Follow the prompts and make sure to save the PDF at the end before closing the screen.

 4. Opening Your Business Accounts


Once the Secretary of State shows the filing on their website, we're ready to open accounts. We can pull that paperwork directly from the site, so you just bring your ID, opening deposit, and EIN/TaxID.

DarrellWolfe 

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DISCLOSURES

DISCLOSURES

Some lawyers stay up at night trying to ruin free society and create new rules. Therefore, here are the disclosures I must have that you probably won't read.

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Darrell's Reading List


Here are some books I've been reading lately:
  • Hacker: The Outlaw Chronicles (here) by Ted Dekker (Author). The story of a young Hacker girl, who went on a wild adventure into the supernatural realm beyond trying to save her mom, but saved her self too in the process.
  • Saint: A Paradise Novel (here) by Ted Dekker (Author). He's an assassin, or is he? He finds a secret to his past that unlocks supernatural abilities, at a cost.
  • For a full list of all my book suggestions, see my Amazon Store.

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