[Hidden-tech] LLC questions

[Rich]

In the software company discussion I think you mentioned a fairly high 
expected cost
to create an LLC -- you should be able to create a LLC (or Sub S) using 
an online
service within a day (maybe 2) for $200-500 plus State fees.
The time to confirming from the state (Mass anyway) is within 24 hours.

We did a sole member LLC to start - can't sell stock but didn't need to 
initially.

As for name, to sign the contract as the exec of the corp (or LLC) when it
does not exist yet is probably not a good idea, since it will pre-date 
the incorporation
date (which is what counts) on the State records and so will probably 
not be considered
with the corp and so you will not protected by the corp immunity.

We used LegalZoom.com and got all documents for Word on cd
and even got the 'pretty corp book and seal' -- which is a bit of a perk,
not really needed.

Rich

Charlie Heath wrote:
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>
> I may need to incorporate, would appreciate insights.
>
> What's the lead time for forming an LLC or S Corp.  If I incorporate, it
> will be in anticipation of a contract job; I've been using DBA but the
> contract is big enough that I'd like to incorporate. But I won't be offered
> a contract until days before I'm expected to sign.  Can I initiate a
> contract using the incorporated name prior to receiving confirming paperwork
> from the state?
>
> I've been a partner in a subchapter S corp before but that was prior to LLC.
> It sounds like LLC is simpler, but in Mass, S corp fees are lower.  I guess
> this has been hashed out here before, but is there any reason for a fairly
> simple sole proprietor to look closely at the details rather than just going
> LLC?
>
> Thanks much.
>
> Charlie Heath
> Blue Herring Consulting
> http://blueherring.net 
>
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Rich Roth
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