You are here:
- Home
- Business
- Small Business
- Starting a Small Business
Starting a Small Business/Questions Answered by Expert David K. Staub
| Subject | Date Asked |
| LLC or S-Corp | 2/7/2012 |
| Q: I am filing this week to start a new venture in MO. I will be sole owner and operator until ... A: There are a number of differences between an LLC and an S Corp. The principal reason I find people ... | |
| Formation of LLC by non USA resident | 1/13/2012 |
| Q: I understand that it is possible for a non USA resident to form an LLC. My questions related to ... A: Darryl, Those are very good questions! Fortunately, the answers are probably the ones you wanted ... | |
| smal business for non-resident | 9/21/2011 |
| Q: I am in the process of speaking to some immigration attorneys about migrating to California and one ... A: Looking purely at the legal aspects, setting up a business CAN be very simple, and in most cases it ... | |
| partnership general practices | 6/10/2011 |
| Q: I am in Canada. I have a business idea and want to start a service business. I have approached a ... A: Sue, No two partnerships are ever alike, so it is impossible to tell two people how they should ... | |
| Starting business in USA | 4/16/2011 |
| Q: My name is Shelley, a new US resident. I would like to ask some questions on behalf of my friend ... A: Shelley: 1. An S corporation is not available to non-resident aliens, so that is out. The choice ... | |
| To INC LLC or Not... that is the question | 3/23/2011 |
| Q: My husband is an OTR truck driver who just recently got out of a leased semi and we got a loan and ... A: Let me answer your last question first. A limited liability company (LLC) and a corporation are two ... | |
| corporation | 3/7/2011 |
| Q: I am going to be starring in a reality docu series. Do you have a suggesting for what type if any ... A: David, There is not enough information in your question to answer whether a corporation (or other ... | |
| laws | 3/2/2011 |
| Q: In starting a cleaning service I know I need a permit, but do I have to be bonded as well. A: Helen, you don't say what state you are in. Bonding, if required by law, would be something that ... | |
| Best way to start new business | 1/18/2011 |
| Q: I am trying to start a Not for profit business...I think. I want to start a business with 2 goals, ... A: By narrowly defining the purpose of the organization, you should be able to structure the NFP to ... | |
| Best way to start new business | 1/17/2011 |
| Q: I am trying to start a Not for profit business...I think. I want to start a business with 2 goals, ... A: Deirdre, A "not for profit" (NFP) organization cannot be run for the personal benefit of any ... | |
| Sole Proprietorship Name | 1/10/2011 |
| Q: I would like to start a sole proprietorship and use my own name. If my name were Mary Smith, could I ... A: Kee, You could certainly call your sole proprietorship "M. Smith Enterprises" but in many states ... | |
| A Partnership | 10/19/2010 |
| Q: Help.... Hi, I am in the process of opening a bar with a friend and my sister. The friend has ... A: Ali, First, although you refer to the venture as a partnership, I would strongly recommend that you ... | |
| DBA vs self employed-contract income | 10/14/2010 |
| Q: Are there any tax or tax deduction advantages (car, gas, mileage, tools, other expenses) in getting ... A: A DBA is not a legal entity and changes nothing from a tax standpoint. You would still be a sole ... | |
| DBA Tax Liability | 9/29/2010 |
| Q: I am inquiring about tax liability for a DBA business. I have worked with taxes quite a bit for ... A: Your question has answers on several levels: FEDERAL: From a Federal income tax standpoint, an ... | |
| working as a contractor/vendor | 9/16/2010 |
| Q: I have a question. I am just starting in a new business and I will be working as a contractor. ... A: The answer to your question is one word: INSURANCE. While I am strongly in favor of most businesses ... | |
| Starting a business as a non-citizen | 5/19/2010 |
| Q: I wish to start a business, as a sole trader, shipping antiques to the States from the UK. I have an ... A: There is no legal reason, in general, that an non-citizen needs an American citizen as a partner in ... | |
| LLC with S Corp election vs S Corp | 2/18/2010 |
| Q: I'm an independent contractor and I've decided I want the tax benefits of a S Corp. Is there an ... A: There is an advantage to forming a LLC with an S Corp election vs strictly a S corp. Not only will ... | |
| convert pertnership to LLC | 2/12/2010 |
| Q: I have a small business that was started in May 2009. It is a General Partnership in California ... A: Fortunately, converting a general partnership in California to a California LLC is as simple as ... | |
| S or C corporation | 1/7/2010 |
| Q: I incorporated TortoiseHare Media INC may of 2009 in the state of Virginia as a stock corporation (7 ... A: Will, There are a lot of differences between S corporations and C corporations, but the primary one ... | |
| Small Businesses Grown | 1/6/2010 |
| Q: Starting back in 2005, we started a web-business, and then another, then created a software which ... A: Brian, Your first question, about how your wife gets "paid," is something you should discuss first ... | |
| LLC | 1/4/2010 |
| Q: Happy New Year. I am a sole proprietor trying to decide if I should become an LLC. As an ... A: Larry, Your question is an excellent one and highlights a common misconception of a lot of people. ... | |
| LLPs | 11/25/2009 |
| Q: myself and a friend are thinking of starting a business together. I know pretty much the essentials. ... A: LLPs are generally used by certain professions where the applicable state law makes the professional ... | |
| Advice | 11/23/2009 |
| Q: I have my own print shop which opened for more than a year and when I open this small business I was ... A: What you are asking is really business advice, not legal advice. I am not clear on the facts. You ... | |
| Controller | 9/28/2009 |
| Q: I own part of an S Corporation and would like to know if the Controller is considered an "officer" ... A: The corporation's bylaws should specify the officers of the corporation. Just because someone has a ... | |
| inspiring employees | 7/10/2009 |
| Q: i am trying to inspire them, have you any available inspirational stories that discuss success? if ... A: Tim, What I have found is that no two employees are ever alike, and what motivates them can be very ... | |
| my "partners" | 7/7/2009 |
| Q: I consider myself an entrepreneur no successful yet but I am sure one day I will if I learn how to ... A: I'm glad to hear that it looks like your project is going to be a success. Unfortunately, with only ... | |
| What type of business? | 7/1/2009 |
| Q: A few years ago, I started a personal training business. It was just myself, and I operated as an ... A: First, congratulations on the growth of your business. Facing issues that come with growth is ... | |
| Business Names | 6/30/2009 |
| Q: I have a quick question and I hope that you can assist me. I am in the process of starting a small ... A: Yes, it is possible for one entity to have multiple business names. That is done by even by large ... | |
| S or LLC entity | 6/26/2009 |
| Q: Staub, I am planning to start an IT consulting business providing both project management and ... A: Balaji, The principal advantage of choosing a S corporation over an LLC is that current IRS rules ... | |
| Business Type Plus License | 6/23/2009 |
| Q: A friend of mine and me have started a landscape design business. I, having the most business-like ... A: Jim, Thanks for your questions. With respect to the question of LLC versus partnership, that is a ... | |
| Starting an LLC | 6/17/2009 |
| Q: However our business will be in UT and we have not chosen a location yet because we want to open in ... A: It depends. If you are going to use a Utah LLC (which is probably the best choice if your LLC's ... | |
| Structuring of LLC membership shares | 6/14/2009 |
| Q: I've just established an LLC and am working on the Operating Agreement. There are three members: ... A: The operating agreement should spell out exactly what the rights of each member are. Rights include ... | |
| Which entity is best? | 6/11/2009 |
| Q: My partners and I (3 including me)are starting a vending truck business (taco truck) and want to ... A: That is a very complicated question that seems very simple. Without more information, it is ... | |
| ownership issues | 6/9/2009 |
| Q: "I am here in California and my friend asked her daughter -in law to file the necessary papers to ... A: I am not a California lawyer, but assuming California is not much different than any other state, if ... | |
| liability | 6/5/2009 |
| Q: i started a small bakery business. i supply cookies and cakes to cafes. if i set up as an LLC, but ... A: You should get insurance. An LLC can shield you from certain liabilities but it cannot really ... | |
| Is this legal? | 4/24/2009 |
| Q: I am 15, and me and my friend are looking to start a business. First, how do you legalize your ... A: Caine, First, let me say that I am a U.S. attorney and I am not generally familiar with Canadian or ... | |
| Business 101 | 4/21/2009 |
| Q: I would like to start my own online business, but I have no idea about business. Therefore, I think ... A: Julian, I think basic business courses are an excellent idea for everyone starting a business (and ... | |
| Will an LLC help me? | 4/20/2009 |
| Q: i live in california. i have a couple questions that i hope you can answer. i work full time as a ... A: Adam, the LLC makes NO DIFFERENCE on your tax deductions. First, unless you choose to have the LLC ... | |
| Repurposing a LLC | 3/31/2009 |
| Q: I have a dormant Texas LLC that I started two years ago with a couple of partners. The business, ... A: Yes, you can, but since the original LLC has members, you must be certain to "drop" them in a manner ... | |
| Business Name Question | 3/27/2009 |
| Q: David thank you for taking time to read and help answer my question. I am looking to start a ... A: It is easy to check for registered trademarks. In the United States, simply go to the website of ... | |
| Non-Profit Bylaws | 3/26/2009 |
| Q: Our Non-Profit Bylaws state"The Board Of Directors" Shall consist of the Executive Board and lists 8 ... A: My answer is based only on your facts and not your applicable non-profit statute of whatever state ... | |
| is this a good idea? | 3/25/2009 |
| Q: David, for taking my questions. My husband and I have just retired. We have enough pension income ... A: I don't know what the market is for turn-key family book makers, but certainly plenty of genealogy ... | |
| Business Name Question | 3/24/2009 |
| Q: David thank you for taking time to read and help answer my question. I am looking to start a ... A: You could very well have legal issues with a name used by someone else. While a business name ... | |
| Becoming Incorporated | 3/21/2009 |
| Q: I am an independant contractor who works at home and I accept customer service telephone calls. ... A: The main benefit for most people of incorporating (or forming a limited liability company) is the ... | |
| starting a salon | 2/27/2009 |
| Q: my name is David too, my wife wants to open a hair salon. She is licensed here in Ct, she found a ... A: First, opening a business like a hair salon definitely calls for forming an entity before you take ... | |
| llc question | 2/24/2009 |
| Q: do i need a federal tax id number if me and my husband are the only owners of an llc? i already have ... A: If you and your husband are both members of the LLC, then the LLC is a partnership for Federal tax ... | |
| Business Entity | 2/23/2009 |
| Q: I recently started selling crafts online and am thinking about becoming "official". My shop name is ... A: There are some differences in entities that make either an LLC, an S corporation or a regular C ... | |
| LLC Dissolution or Transfer? | 2/17/2009 |
| Q: I’m starting an online business based in CA. If I were to move out of state would I have to dissolve ... A: You don't have to dissolve your LLC simply because you move to another state. If you are doing ... | |
| LLC, with S Corp Election - Texas | 12/11/2008 |
| Q: I recently formed an LLC with my friend to conduct IT/Computer related business. Since we have ... A: You do need to pay a "reasonable salary" but there is a lot more leeway there than you might think. ... | |
| Starting business in USA | 12/4/2008 |
| Q: David, Good Morning. I own a proprietorship firm in India. We do software development and we have ... A: Amol, You can certainly start a company in the United States even though you live in India. I have ... | |
| Purchasing Late Tax Properties | 12/3/2008 |
| Q: A man told me yesterday that one can go to a courthouse & purchase property which has unpaid ... A: No, it is not that simple, at least in most states that I know of. Although the process varies ... | |
| Quick question about homeless marketing business | 12/2/2008 |
| Q: So I was poking around on some financial blogs and I found this post ... A: To answer your two specific questions: 1. Yes, there are generally laws in most areas that ... | |
| Business Brokerage?? | 8/28/2008 |
| Q: Dave, First of all thanks for taking a moment of your time to answer my question. I want to begin ... A: Depending upon how you represent your role in the transaction, you may call yourself broker or an ... | |
| Non-Profit Orgs. | 8/27/2008 |
| Q: How specifically do I start a non-profit organization? Where do I get the proper forms like to gain ... A: Lee, Yes, that is all you have to do to form the non-profit. But you need to understand that ... | |
| Non-Profit Orgs. | 8/26/2008 |
| Q: How specifically do I start a non-profit organization? Where do I get the proper forms like to gain ... A: Lee, There are two distinct levels that you need to be concerned with when starting a non-profit ... | |
| Starting A Business By A Non-US Resident | 8/24/2008 |
| Q: I am a small business owner from India. We own and operate some websites that are targeted towards ... A: Asheesh, There is no reason that a non-resident alien cannot own a corporation or limited liability ... | |
| troubled past.....clear future | 8/22/2008 |
| Q: I'm 45 yrs. old, I spent a great part of my life using drugs and in and out of trouble with the law. ... A: Garry, First, congratulations on putting your troubles behind you. You are correct that licensed ... | |
| Trademark Question | 8/9/2008 |
| Q: After reading through some of your other posts I need some clarifying on something. My husband and I ... A: No, that phrase has a very specific meaning and does not mean that you can use the name. There is a ... | |
| ein for fictitious co's | 8/5/2008 |
| Q: I have a main llc with an ein. I have opened a few additional businesses using fictitious names ... A: 1. The fictitious names are not separate businesses and should NOT have their own FEIN. The LLC ... | |
| starting small business | 8/1/2008 |
| Q: I'm going to open a fast-food store with just a few kind of sandwiches under my name and style, and ... A: I would never recommend running a business of any size as a sole proprietorship. There are too many ... | |
| landscaping bussiness | 5/9/2008 |
| Q: i really wont to open my own landscaping bussiness but was needing to know a couple of thing i had ... A: There is no reason that your lack of a high school education should prevent you from starting your ... | |
| LLC single member disregard | 5/7/2008 |
| Q: I have two rental properties that I would like to transfer into 2 separate LLC's. My wife and I own ... A: If you live in a community property state, the IRS has ruled in Revenue Procedure 2002-69 that if ... | |
| opening a bakery | 5/5/2008 |
| Q: Staub, I would like to open a bakery, but I have no idea what are the steps I need to take to get ... A: Opening a bakery or restaurant is one of the most common forms of new business start-ups. It is ... | |
| business license | 5/2/2008 |
| Q: I'm starting a pet grooming business and I know that I have to file to get a DBA but I am confused ... A: You did the right thing by going to the county court house. Licenses for businesses such as a pet ... | |
| up to speed | 1/6/2008 |
| Q: I will be doing something new this year. I am working for a sports photographer guy as a ... A: Assuming that you are NOT forming your own entity (such as a single member LLC), then there are only ... | |
| business venture | 1/4/2008 |
| Q: I am starting a little venture (not sure if it is a business, persay), and I am searching for any ... A: Wow. Usually I get too little information to formulate a good answer. Your detailed explanation ... | |
| Starting a non profit | 11/25/2007 |
| Q: I want to help the less fortunate in my community by having a place for them to get assistance with ... A: There are several ways to do what you want to do, but probably the 501(c)(3) will make the most ... | |
| Bonding | 9/26/2007 |
| Q: I've been thinking about starting my own cleaning business. I'm wondering what it takes and costs to ... A: The costs to get bonded, licensed, insured vary significantly from state to state (and sometimes ... | |
| starting up an LLC as a non-resident in US | 9/25/2007 |
| Q: Staub, I and my two friends (from Turkey) are about to start an internet business (a web site ... A: Sorry, I have been offline for a few days and am just getting back to my questions. Here goes: ... | |
| Lending my 1120S business money | 9/24/2007 |
| Q: I put out considerable personal cash to start this business. How is that to be handled on the books? ... A: Sorry it has taken me a few days to get back online, but here goes: Since you refer to Form 1120S, ... | |
| 401k money for business purchase | 9/23/2007 |
| Q: I have recently been offered an opportunity to purchase an established beverage business at a ... A: My suggestion is to first try any bank or banks where either you or your relative have personal ... | |
| 401k money for business purchase | 9/22/2007 |
| Q: I have recently been offered an opportunity to purchase an established beverage business at a ... A: First, I STRONGLY recommend that you leave your 401(k) money intact. Even ignoring the very ... | |
| wed business | 9/9/2007 |
| Q: Everyone says iam really good at writing letters on clothing in cool and unique ways. so i stated a ... A: I don't know how many T shirts you are talking about ordering, but I don't see any reason that a ... | |
| International business | 9/5/2007 |
| Q: I have a question. Although it is related to Canadian business I think the idea is the same. I am ... A: 1. I almost always recommend that any business be conducted through an entity that limits your ... | |
| cpa/law firm | 9/1/2007 |
| Q: I'm starting to notice firms operating as more than a CPA firm. I'm noticing successful firms ... A: In some other countries, accounting firms do, in fact, practice law through wholly-owned law firms. ... | |
| Business Structure and Investment Money | 7/22/2007 |
| Q: We are 2 partners in an S-Corp. I provided all of the start-up capital and my partner Tim is the ... A: I am a little confused by your questions since you say that "The corporation is already set in ... | |
| What to get first? | 7/9/2007 |
| Q: My brother and I have been dreaming about starting our own business. A gaming store. We know from ... A: My first tip is to consider forming an entity other than a partnership. A general partnership makes ... | |
| moving company tax laws | 7/6/2007 |
| Q: I am looking to start a small business, a moving company. How do I report profit? What are the tax ... A: There are no special tax rules for a moving company. If the company is a regular corporation, it ... | |
| paying ourselves | 5/18/2007 |
| Q: My son and I are residential RE appraisers. Right now he owns the company as a sole proprietor. As a ... A: If you organize an LLC or form a partnership, it will need its own taxpayer identification number ... | |
| Is it possible for us to start our own business? | 5/17/2007 |
| Q: heres my situation...I am a stay at home mother and my husband works full time in construction ... A: Before I answer your question, let me sound a warning loud and clear. Studies of small businesses ... | |
| LLC to lease and manage a property | 5/16/2007 |
| Q: I recently bought a property under my name. I would like to lease out this property. I do have ... A: Good questions. Here are my thoughts: 1. Most of our clients do choose to put their properties in ... | |
| paying ourselves | 5/15/2007 |
| Q: My son and I are residential RE appraisers. Right now he owns the company as a sole proprietor. As a ... A: You can both be on the payroll of the business only if you choose to incorporate the business (even ... | |
| Computer Busniess | 5/11/2007 |
| Q: Im thinking of opening my own computer parts/ repair/ sevices business and running it form my home. ... A: You ask some very good questions. I'll give you some brief answers, but I strongly suggest that ... | |
| License for business | 4/23/2007 |
| Q: David - Thanks in advance for your help. In our research for our dog business we've been unable to ... A: It appears that licenses for your type of business are handled at the county level in Virginia. ... | |
| Corporate Officers | 4/22/2007 |
| Q: Mr. Staub, Me and a partner are starting a corporation for selling cars. When printing business ... A: Any person can hold multiple titles. As you imply in your question, you will have a president and ... | |
| Starting Business Abroad | 3/6/2007 |
| Q: I am a U.S. citizen currently living in Spain. I need to create a business to be able to set up and ... A: You certainly don't need to live in the United States to own a business formed in the U.S. There ... | |
| Business partnership | 3/5/2007 |
| Q: In my planned company there are 2 active partners financing equally and working....nd the other 3 ... A: If you don't have an agreement among the partners, most state partnership (and often LLC) statutes ... | |
| question about my business | 3/4/2007 |
| Q: The only thing I do have is insurance but I also need to make sure does the insurance cover me and ... A: If you don't know what to do about payroll taxes, get an accountant fast. There is nothing that can ... | |
| starting a business | 2/4/2007 |
| Q: I like to start a bus. of remodeling homes and landscaping. Just as a part time gig. I plan on ... A: 1. You don't have to form an entity to protect you but you certainly should. If you and your ... | |
| questions about first stages of starting a business | 1/25/2007 |
| Q: first off i would like to ask if your knowledge is for the U.S. or Canada? me and a buddy are ... A: Generally speaking, an LLC offers more flexibility than a S corporation and has less ongoing ... | |
| Just a few problems... | 1/24/2007 |
| Q: I have a game development team. Now i need the people in this team to sign a 'Contributor ... A: I believe I understand your question. The answer is that that the document COULD be worded in a way ... | |
| Daycare Center | 1/7/2007 |
| Q: What would be the most wise choice and cost effective way to set up a Daycare center. Revenues will ... A: First, you definitely should form an entity to help shield you from liability. While it won't ... | |
| HOME BASED EMPLOMENT AGENCY | 12/17/2006 |
| Q: I AM INTERESTED IN STARTING A HOME BASED EMPLOYMENT AGENCY. I HAVE CHECKED MANY WEBSITES DEALING ... A: Any individual, partnership, association, corporation, contractor, or subcontractor in the District ... | |
| Incoporating a business | 12/12/2006 |
| Q: Is it true that New Hampshire offers the most benefits when it comes to incorporating a business? I ... A: I am not sure what you mean by offering "the most benefits when it comes to incorporating a ... | |
| North Carolina Corporation | 12/1/2006 |
| Q: What must be filed to form a corporation in North Carolina? A: You must file the original and one copy of your company’s Articles of Incorporation with the North ... | |
| Copyright and Trademark | 11/30/2006 |
| Q: if i have a name for a business and that same name will be on the product, is that a copyright ... A: A name of a business or a name of a product generally is not entitled to copyright protection. A ... | |
| Starting A Day Care | 11/21/2006 |
| Q: I what to start a daycare in Charlotte, NC. I know I have the clientele but I am not sure where and ... A: Your first step is to become thoroughly familiar with the North Carolina laws and regulations ... | |
| Small Business liability protection | 11/8/2006 |
| Q: What kind of advice/assistance can you give me regarding protecting my business from liability for ... A: Wanda: Your primary protection should be adequate insurance covering the various risks of your ... | |
| Thank you in advance | 10/25/2006 |
| Q: "Dear Mr. Staub, I desperately need ideas to present to reluctant health food store general ... A: Your last question is the easiest to answer. You can protect your idea from being used by the store ... | |
| sales tax | 10/20/2006 |
| Q: I started a heating and cooling business last year in New York State. I have my DBA and my NYS tax ... A: When you refer to "parts and equipment I buy for my business" are you referring to part and ... | |
| Operating agreement / Bi-laws | 10/18/2006 |
| Q: We plan to form an LLC in North Carolina and wanted to know if there is a difference between an ... A: Normally a corporation has bylaws and an LLC has an operating agreement. The name is not as ... | |
| Follow up question | 10/16/2006 |
| Q: I really wasn't questioning the entity. My current business is an LLC so I am familar with that. ... A: I can't answer your question but I can make a suggestion. I would find a couple of speakers who ... | |
| Start bottle water business | 10/16/2006 |
| Q: California. I would really like to start a water bottle business. I came out with the name and ... A: There are many sources for private labelling water. Even the source you already have may be ... | |
| "Pulling a new business venture together" | 10/16/2006 |
| Q: In January 2007 I am retiring fully from a business I started 25 years ago and brought from nothing ... A: I am not sure what you mean by "getting this all set up." If the new venture is going to be owned ... | |
| new business | 10/10/2006 |
| Q: We recently purchased a small welding business. It was a private sell. A vendor of the pervious ... A: Bulk sales statutes were enacted in many states around a century ago to fix a perceived problem: a ... | |
| Re-using existing contracts | 10/10/2006 |
| Q: Staub, First, let me say that the service you and your colleagues provide is invaluable and ... A: Barry, Your question is a very good one. Rather than go into the detail myself, let me point you ... | |
| DBA liability | 10/9/2006 |
| Q: I am looking to setup a dba under my existing company. If I choose to terminate the dba at some ... A: When you say you want to "set up a DBA under my existing company", if you literally mean when you ... | |
| starting a business | 10/5/2006 |
| Q: I am on the process of starting an online company. I was wondering if you could tell me how to ... A: Ronin, For anyone interested in starting a business, there are thousands of helpful guides ... | |
| Two friends started a business | 10/3/2006 |
| Q: Me and my friend just started a cleaning service.She talked to her mom that does taxes and asked her ... A: It may be "easier" in some respects to have only one name on the paperwork, but it is the wrong ... | |
| LLC question | 9/28/2006 |
| Q: Greetings: I have recently formed an LLC with two other "members". We have a good Operating ... A: No state, to my knowledge, requires that ownership in an LLC be represented by certificates. ... | |
| Starting a lawn mowing business | 9/28/2006 |
| Q: Mr. Staubs, I want to start a lawn mowing business in New York state. I do some lawns now "on the ... A: There are many forms of doing business and no one form is right for every situation. Technically, ... | |
| lease question | 9/27/2006 |
| Q: Mr. Staub, My husband and I are about to buy an already established tanning business,the space ... A: In most states, the best protection against what you describe is to record the lease. Specific ... | |
| LLC income | 9/25/2006 |
| Q: I have a friend who started an LLC selling insurance to car dealerships. He also contracts with a ... A: Kim: In your first question, you say your friend "wants to umbrella this sales activity under the ... | |
| Crafts, Selling | 9/24/2006 |
| Q: I make jewelry and sell it to a boutique shop in the town where I live. I've been thinking about ... A: Heather, You have asked a lot of questions! First, you need to check with your city about ... | |
| LLC or S Corp for taxes | 9/21/2006 |
| Q: I just purchased a small lawncare business. Currently it only makes about $1800 a month at about 7 ... A: You don't mention what state you are in, and LLC statutes vary from state to state. In my state of ... | |
Starting a Small Business
Answers by Expert:
David K. Staub
Top Expert on this page
Expertise
I am a business and tax attorney and have spent more than 30 years assisting people in starting a wide variety of businesses. I can answer questions about the basic differences between the various entities available to new businesses, including limited liability companies, corporations, S corporations and partnerships. I can provide guidance in other areas facing start ups, such as hiring employees, signing contracts and obtaining necessary licenses. I can also direct people to sources for answers to specific legal questions which cannot be answered in a forum of this nature.
Experience
I have been an Illinois business attorney for almost 30 years. I have an extensive practice in the mergers and acquisitions area and have been involved in the tax and legal issues on hundreds of business transactions.
Organizations
Illinois State Bar Association;
Chicago Bar Association (former Chairman of the Corporation & Business Law Committee and former Chairman of the Mergers and Acquisitions Subcommittee; former Executive Committee member, Federal Tax Committee and Chairman of subcommittee on general tax issues); Glenkirk Foundation (Trustee; Vice-Chairman/Strategic Planning); Association for Corporate Growth, Chicago Chapter; Midwest Entrepreneur Forum; Midwest Association of Alpha Delta Phi - President
Publications
Commerce Magazine; YLS Journal; ISBA Section of Taxation Newsletter
Website
Staub Anderson Green LLC
Chicago, Illinois
Mergers & Acquisitions
Illinois business attorneys
Practice Areas
Business Organizations
-Corporations
-LLCs
-Partnerships
-Joint ventures
Mergers & Acquisitions
-Buying/selling business
Securities Law
Tax Law
Technology Law
-Software licenses
-Development agreements
Trademarks
Disclaimer
Responses are intended to be informational only. No response is intended to constitute legal advice or create an attorney-client relationship. Online advice is not a substitute for consultation with an attorney.
Education/Credentials
Harvard Law School, J.D., 1977; University of Illinois, B.S. in Accounting, with highest honors, 1974
©2012 About.com, a part of The New York Times Company. All rights reserved.