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| Aug 09, 2007 2:03 pm |
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re: Creating a company run from home |
Colleen Connery
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I think everyone hit it pretty well on the answer to this question. I've been running a CA S-Corp out of my home for 6 years. We will end up getting a small office space again in the near future, but it is absolutely OK to run a corp from your home. Lawyers and CPAs are the best folks to help you with the answers to your questions depending on your location and future growth plans. However, we were told by our attorney once he consulted us, to register our corp online if we wanted to at www.mycorporation.com. We did, we saved money, but yet we had all our ducks in a row before because we consulted our attorney and got a good CPA to take care of our books.
Also remember, you will need to do things like yearly board of directors meetings and have to write up meeting minutes...this is critical if you get audited or if you go in for a loan the bank may ask to see your documentation. There are other issues too...taxes, sales & use taxes (if that applies), stocks, corporation record keeping in general, contracts need to be in order, etc. Once you incorporate, you have loads more responsibilities, and have to keep it up, and having an attorney you can consult with as well as a CPA will save you a lot of headache in the long run. Not to mention you'll need an attorney to draft, or at the very least edit your contracts, and a CPA for financial advice and planning.
And while we do currently use our home address for the corporation address, on anything that is not required for corporate paperwork, we always use our PO box...at least for now until we get into a new space. ;-)
I hope this is helpful! And good luck! It's a very exciting journey and I hope you enjoy yours!
Cheers, Colleen
President/Creative Director
CoCo & Associates, Inc.
www.cocoassociates.com Private Reply to Colleen Connery (new win) |
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