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Should my small business be an LLC or Sole Proprietorship?
Sep 21, 2007 by a link to the past | Posted in Small Business
I'm looking to start a computer service business in South Carolina, and I'm on the fence between choosing an LLC vs a Sole Proprietorship. I've read up on the pros and cons of the various business structures, but I would like to solicit some feedback and opinions as well.
Starting up quickly with limited costs is a primary concern. Would an LLC cost much more or take much more time? I would like to begin within a month's time (yes, I have an initial business plan).
Some other concerns:
I will need personal protection either through business insurance, the protection of an LLC, or disclaimers.
I might eventually hire employees, full-time or temporary. This would probably not happen right away, although I cannot be sure.
I will initially be working with home computer owners, although I would like to expand to service other businesses once the company has gained a reputation. It seems that an "LLC" name might help distinguish from other fly-by-night computer services.
Thanks!
You should talk to a tax accountant. There are many variables that will affect your choice (cost of maintaining the LLC, deductibility of expenses, limits of liability, etc.) Retaining employees and gaining marketing advantages, however, are NOT among those variables. You can hire employees as a sole proprietor just fine, and the vast majority of your customers do not give a donut's hole about the legalities of your business; they just want their computers to work.
NC | Sep 21, 2007
how much does it normally cost for a restaurants power bill in a one month period in lancaster south carolina?
Mar 31, 2008 by nae nae | Posted in Other - US Dining Out
also need to know how much water, all vendors, taxs and insurance on a restauraunt would cost me in a one month period . i am wanting to open a restaraunt business.
It really depends on the size. I'm in South Carolina and we have the cheapest utility prices I've seen compared to New York and Texas. For a small place about 25k sp ft you can expect about $1000 minimum. That depends on your type of business. If you have food, cooling will cost you more for reach-ins and walk-ins. For alcohol, it depends on the size of your storage. I would say to budget for at least $5000 for a seating capacity of 100.
barman44tx | Apr 03, 2008
SC gov would cut school money, add to Medicaid - Myrtle Beach Sun News
10.01.09
In his proposal, the governor cuts every state agency budget but does offer some relief on the health care front. He would restore $137 million taken from Medicaid programs for the state's poor, disabled and elderly to balance the current year's budget. But he did impose a new, not-yet-defined cap on enrolling children for Medicaid health care. Four in ten South Carolina children get Medicaid benefits and Sanford wants the number of new slots limited, for a cut of $14.3 million. Advocates for the state's poor said such a cap would be a mistake because the program is determined through household income, but they did laud Sanford for restoring some health care spending. "I think that is great," said Sue Berkowitz, executive director of the low-income advocacy group South Carolina Appleseed Legal Justice Center. She hadn't seen details and said she was worries Sanford may have cut other critical social service programs. The governor's largest single source of savings would come from public schools and colleges.
Source: Myrtle Beach Sun News, SC
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South Carolina business insurance - News
SC gov would cut school money, add to Medicaid - Myrtle Beach Sun News
Myrtle Beach Sun News, SC - Jan 10, 2009
WSAV-TVSC gov would cut school money, add to Medicaid By JIM DAVENPORT - AP Writer COLUMBIA, SC -- South Carolina Gov. Mark Sanford unveiled a $5.8 billion budget proposal Friday that would put money back into Governor’s proposed budget calls for more cuts at FMU Sanford's budget-cut proposal includes closing USC-Lancaster
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Small business workshops free - The Times and Democrat
The Times and Democrat, SC - Jan 10, 2009
Small business workshops free In a recent small business survey conducted by the SC Department of Commerce, marketing strategy and insurance were two areas of great interest for the
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SC Chamber pushes tax reform, cigarette tax increase - Anderson Independent Mail
Anderson Independent Mail, SC - Jan 10, 2009
SC Chamber pushes tax reform, cigarette tax increase Also, an estimated 720000 South Carolinians are uninsured and would be helped through either the small business program or improved Medicaid benefits,
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Chamber hoping for tax changes - The State
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Chamber hoping for tax changes Frank Knapp, president of the SC Small Business Chamber of Commerce, also supports an overhaul of the tax structure. Property taxes need to be lowered,
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A. Citizen: Self-Serving SC Lawmakers - FITSNews
FITSNews, SC - Jan 09, 2009
A. Citizen: Self-Serving SC Lawmakers In addition to being Speaker of the House and owning an insurance business, Bobby Harrell also owns a drug packaging business. Last year, it was reported
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