- 1,641
No. It's just a matter of filing forms with the state and the irs. Nothing needs to be drafted.
Starting Your Own S Corp Vs a CPA Doing It?
- Thread starter supersupps
- Start date
No. It's just a matter of filing forms with the state and the irs. Nothing needs to be drafted.
- 1,432
For what it's worth my attorney told me that an LLC was a much better option than an S corp.
Did he give you a reason?
- 7,790
Come on guys, CPAs have to eat too!
- 215
$700 seems pretty high for that, you should shop it for sure.
I did several in my previous business and paid $250 plus actual costs, so they wound up at $440 or so per. This was 5 years ago, though.
NO WAY would I let a CPA set up a corporation for me though, WTF? He's probably paying an attorney to do it and keeping $200+ for making a phone call.
Just knowing it got done right (and having a lawyers E&O to go back on) would be worth a few hundred vs. doing it yourself in my book. Not TOO much to it, and its a lot harder to pierce the corporate veil than they make out, but still...
I did several in my previous business and paid $250 plus actual costs, so they wound up at $440 or so per. This was 5 years ago, though.
NO WAY would I let a CPA set up a corporation for me though, WTF? He's probably paying an attorney to do it and keeping $200+ for making a phone call.
Just knowing it got done right (and having a lawyers E&O to go back on) would be worth a few hundred vs. doing it yourself in my book. Not TOO much to it, and its a lot harder to pierce the corporate veil than they make out, but still...
