employing myself

Re: employing myself

How are you establishing your company as a LLC, C corp or Sub Chapter S?

Re: employing myself

It is a C corp. Sorry for the delay!

Re: employing myself

Surely you'd be the owner or CEO?

Re: employing myself

Eagle;32471 wrote: Surely you'd be the owner or CEO?

ok, so on unemployment security forms I should list the corp. as having one employee (myself)?

Re: employing myself

Yes,

You would be the President of your corporation. You have options as to how your corporation pays you, and they (you) will be responsible for the all the income and Social Security withholding and reporting. The corporation will also be responsible for matching the withholding, so half your payroll taxes come from your personal pocket, with the other have company from the corporate pocket.

It helps if your tax preparer works with the lawyer who does the incorporation, so things work smoothly.

Note: Don't try to pay yourself too little. If there are reasonable profits going into the company, you should earn a reasonable income. Pay too little over several year and the gov't will come looking for more income taxes.

Dennis Bevers

Re: employing myself

Thank you,

You're reply was most appreciated and infomative!

Re: employing myself

Eagle

Article 1, Section 8, Clause 4 (Citizenship)

Document 11

Thomas Paine, Memorial to James Monroe
10 Sept. 1794Life 5:77--83

I address this memorial to you, in consequence of a letter I received from a friend, 18 Fructidor (September fourth), in which he says, "Mr. Monroe has told me, that he has no orders [meaning from the American Government] respecting you; but I am sure he will leave nothing undone to liberate you; but, from what I can learn, from all the late Americans, you are not considered either by the Government, or by the individuals, as an American citizen. You have been made a French citizen, which you have accepted, and you have further made yourself a servant of the French Republic; and, therefore, it would be out of character for an American Minister to interfere in their internal concerns. You must therefore either be liberated out of compliment to America, or stand your trial, which you have a right to demand."

This information was so unexpected by me, that I am at a loss how to answer it. I know not on what principle it originates; whether from an idea that I had voluntarily abandoned my citizenship of America for that of France, or from any article of the American Constitution applied to me. The first is untrue with respect to any intention on my part; and the second is without foundation, as I shall show in the course of this memorial. HOW TO BE A REAL ESTATE MILLIONAIRE custom pool builders

The idea of conferring honor of citizenship upon foreigners, who had distinguished themselves in propagating the principles of liberty and humanity, in opposition to despotism, war and bloodshed, was first proposed by me to Lafayette, at the commencement of the French Revolution, when his heart appeared to be warmed with those principles. My motive in making this proposal, was to render the people of different nations more fraternal than they had been, or then were. I observed that almost every branch of science had possessed itself of the exercise of this right, so far as it regarded its own institution.