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re: Looking for accounting advice

Posted on 1/24/20 at 9:37 am to
Posted by Doctor Strangelove
Member since Feb 2018
2964 posts
Posted on 1/24/20 at 9:37 am to
Do not hire a lawyer, but your CPA can advise about structure. You can open your own LLC, S-Corp through your Dept. Of State for less than $100.00. You don’t need to pay a lawyer $400/hr to do something that you can do online in 15 min. You will get a EIN # from the IRS. Get a bank account and Quickbooks Professional and you are good to go.

If you are putting up all the money, you should think about keeping most of the profits.
Posted by stewie
Member since Jan 2006
3952 posts
Posted on 1/24/20 at 12:04 pm to
quote:

Do not hire a lawyer



You can set up an LLC by yourself but you will be better served in the long run spending the time and money talking to an attorney.

Always suggest that any business needs a good CPA and a good attorney.
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