Joanne Answered: What are your biggest concerns when working with a freelancer?

Farzad makes an interesting point that many of the concerns surrounding working with a freelancer can be applied to employees as well. I only get paid for the time I work, not for breaks, surfing the...

Joanne Answered: Do you need to hire a lawyer for the initial setup of a business?

If either an attorney or a CPA have made the choice of entity determination, then yes, if you know what you are doing, there is no reason why you can't assist in the process-driven work of setting up an...

Joanne Answered: Do I need to have a DBA and can I register it in two states?

It would appear the answer is yes: A sole proprietor who wishes to conduct business under a name other than the real name of the person must file a Certificate of Assumed Name in each county where the...

Joanne commented on: I am considering becoming an S corp, but not sure the benefits vs currently being an LLC?

Relative to the discussion of entity type vs. tax election, while it is true that one can simply make a tax election with the IRS to change the taxation of an LLC, another element that needs to be looked...

Joanne Answered: I am considering becoming an S corp, but not sure the benefits vs currently being an LLC?

My understanding is that transitioning from an LLC to an s-corp is largely based on income and approaching tax brackets. Your tax advisor should tell you the right time to make the switch. If it's time...

Joanne Answered: Do I need a lawyer to incorporate?

If you really know what you are doing, sites like Legal Zoom may be okay. But really, listen to Walter Wise and JUST DON'T DO IT! I am an independent paralegal. I form business entities for individuals...

Joanne Answered: My LLC was registered by my business partner. How can I get it switched to me?

Did the LLC conduct business or was it formed and nothing ever done with it? Was an Operating Agreement executed? Were you named as either or both of a member or manager previously?

If the...

Joanne commented on: What is the difference between S Corp and LLC?

If you're asking can an individual person have an EIN, typically, without organizing an entity, an individual operates as a sole proprietor and uses their social security number. If one is not eligible...

Joanne commented on: What is the difference between S Corp and LLC?

There are many national companies offering virtual office spaces where you can take advantage or their onsite resources and meeting rooms or merely pay for the use of the office address. Intelligent Office...

Joanne Answered: What is the difference between S Corp and LLC?

As the other posts indicate, costs and set-up steps can vary by state. An S-corporation and a single-member LLC (absent an alternative tax classification election) both achieve pass-through tax status...

Joanne Answered: Do I need a lawyer to incorporate as a C corp?

You absolutely should have an attorney assist you with organizing this business. That person will advise you on jurisdictional issues, and it sounds like you should discuss what happens when you take...

Joanne Answered: Are trademarks worth the time and money?

In addition to Todd Sullivan's very thorough and good answer, the USPTO website has great information to demystify the subject here: http://www.uspto.gov/trademarks/basics/index.jsp

If...

Joanne Answered: Looking for a generic partnership agreement template for a small business partnership. Any websites you know of?

Adding to Tim's answer, this is particularly important in the area of partnerships. I have assisted in many transactions cleaning up what wasn't done properly at the start. If multiple individuals are...

Joanne Answered: How to start and file a Non Profit Corporation?

Nonprofits are more complicated than people think and the link that Todd Sullivan posted provides a good outline. It's not just 'bring a team and good intentions'. I have encountered too many nonprofits...

Joanne commented on: Have you ever given an employee or contractor a second chance? Opportunity for a more efficient working relationship, or recipe for disaster?

We seem fairly evenly weighted between positive and negative experiences. Thanks for sharing yours.

Joanne commented on: Have you ever given an employee or contractor a second chance? Opportunity for a more efficient working relationship, or recipe for disaster?

Yes, I agree, and part of the challenge is to decide whether I think the differing communication style was actually masking incompetency. That's exactly where the fear of making the wrong decision lies....

Many thanks to Everyone for their input. I've heard everything from 'relationship can be stronger than ever' to 'bad business decision'. The offending behavior was largely rooted in communication and...

Joanne commented on: Have you ever given an employee or contractor a second chance? Opportunity for a more efficient working relationship, or recipe for disaster?

I was considering that it could be an opportunity to set strong procedures and expectations, but feared it I was being naive and it was more of a 'fool me once' scenario. The issue was in the low-moderate...

Joanne Answered: Should you incorporate in the state you are headquartered?

Following up on the advice from Dennis, I would recommend that you consult with a tax professional as well. Recent changes in the law may impact which entity type is best for your business, depending...

Joanne commented on: Do you find BNI networking and business referrals helpful in bringing you leads?

I couldn't agree more. That's why the BNI motto of "Givers Gain" is so important. I promise I haven't "drank the water" and believe a variety of marketing and networking is crucial to success. I don't...

Joanne Answered: Want an address in Mumbai, Can I use a Virtual Office address for registering the Company?

I've spoken to a few companies and from what I understand, you can use their address as the business mailing address, but you cannot appoint them as Registered Agent to accept service of process and therefore...

Joanne commented on: Do you find BNI networking and business referrals helpful in bringing you leads?

True, the responsibility to find a sub can be a challenge. The benefit is that the members get the consistency of hearing you represented and keeping you top of mind even when you're not there. I will...

Joanne Answered: Do you find BNI networking and business referrals helpful in bringing you leads?

I disagree with Tom that BNI does not work for b2b. My particular chapter in downtown Boston has a strong b2b core. I see more of the suburban chapters with a stronger b2c core or a mix of both. My...

Joanne Answered: When it comes to taxes, support (financial and otherwise), and privacy, which state is the best place to incorporate?

Many states have modernized their corporate statutes and don't require disclosure of shareholders and may not require substantial disclosure of officers. Delaware remains #1 based on the answers provided...

Andrew has a marvelous ability to use everyday situations to make his business relatable. And his seminars provide tips and food for thought that will make you better at thinking about how to succinctly communicate what you do. You will not regret working with him.

Joanne's Badges

Login to Business.com

Login with Your Account
Forgot Password?
New to Business.com? Join for Free

Join Business.com

Sign Up with Your Social Account
Create an Account
Sign In

Use of this website constitutes acceptance of the Terms of Use, Community Guidelines, and Privacy Policy.

Reset Your Password

Enter your email address and we'll send you an email with a link to reset your password.

Cancel