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zhang Feb 25

I see a lot of dumb LLC formation mistakes. Maybe more than most people because I regularly teach a graduate tax class on LLC formation.

Some of the mistakes are made by entrepreneurs and investors trying to save money on accountants and attorney fees. And I guess that's okay--albeit penny- wise and pound-foolish.

But you know what really irks me? Some of these mistakes in fact [url=http://www.cheapcroatiajerseys.com/]Cheap Croatia Jerseys[/url] , most of them are made by attorneys and paralegal services? Professionals who shouldknow better.

But enough whining. Without further fanfare, here are the three dumbest mistakes that I see people make again, and again, and again.

Mistake #1: Forgetting about Foreign LLC Registration Rules

Read those tempting advertisements for Delaware or Nevada limited liability companies? The advertisements sound pretty good [url=http://www.cheapcroatiajerseys.com/vedran-corluka-jersey/]Vedran Corluka Croatia Jersey[/url] , but most small businesses shouldn't use out-of-state llcs or for that matter out-of-state corporations.

Here's why: If you're doing in business in, say, New York, you're not going to be able to avoid state taxes by forming your llc in [url=http://www.cheapcroatiajerseys.com/tin-jedvaj-jersey/]Tin Jedvaj Croatia Jersey[/url] , say, Nevada. The tax and corporation laws in your statewill require you to register your out-of- state, or foreign, llc in the states where your business operates. Those same laws will require you to pay state income taxes in the states where you earn your income.

A couple more quick points: Large businesses do like Delaware for a variety of reasons'mostly having to with how sophisticated the Delaware chancellery courts are. But this applies to really big businesses that will litigate in Delaware?not small businesses. And Nevada does offer corporations a no-income-tax haven?but you need to set up a real business presence there [url=http://www.cheapcroatiajerseys.com/sime-vrsaljko-jersey/]Sime Vrsaljko Croatia Jersey[/url] , with an office, employees, and property'the whole enchilada.

Mistake #2: Electing to be Treated as a C Corporation

An llc is a chameleon for tax purposes. Which is great. An llc with a single owner can be treated as a sole proprietorship, a C corporation or an S corporation (assuming eligibility requirements are met.) An llc with multiple owners can be treated as a partnership [url=http://www.cheapcroatiajerseys.com/nikola-kalinic-jersey/]Nikola Kalinic Croatia Jersey[/url] , a C corporation or an S corporation (again, assuming eligibility requirements are met.)

But just because you can do something doesn't mean you should. And unless you've got expert tax advice from an attorney or certified public accountant, you shouldn't make the election to be treated as a C corporation.

A C corporation is taxed on its profits. When those profits are distributed to shareholders, the profits are taxed againto the shareholders. By electing to be taxed as a C corporation [url=http://www.cheapcroatiajerseys.com/milan-badelj-jersey/]Milan Badelj Croatia Jersey[/url] , then, the llc owners create an extra level of taxation. Bummer.

Mistake #3: Electing to be Treated as an S Corporation Too Early

Llcs can also elect to be treated as S corporations?as noted in the preceding paragraphs. And once a business generates profits well in excess of the amounts paid to owners for salaries, an S corporation election saves the owners big money. Sometimes tens of thousands of dollars per owner per year.

But you don't want to elect S corporation status too early--especially if the llc is owned and operated by a single owner.

By electing S corporation status, the llc needs to file an expensive corporate return [url=http://www.cheapcroatiajerseys.com/mateo-kovacic-jersey/]Mateo Kovacic Croatia Jersey[/url] , needs to begin doing payroll--even if the only employee is the owner, and may need to pay additional payroll taxes like the 6.2% federal unemployment tax. (This tax is levied on the first $7,000 of wages paid to each employee.)

Wait until your business is profitable to elect S status for your llc. You patience will pay off in two ways: simpler accounting and less expensive tax returns.

How to Promote Your Music by Gigging Marketing Articles | October 2, 2012

How to promote your Music Tips

The problem of how to promote your music is one of the main challenges facing any band or musician who wants to be a success. Even when your act or material is established [url=http://www.cheapcroatiajerseys.com/marko-rog-jersey/]Marko Rog Croatia Jersey[/url] , building your fan base and selling your CDs or mp3s is all about exposing people to your music. Basically, if you don?t know how to promote your music, how will you get people to buy what you write or play?

Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 How to promote your music through band bookings

1. Learn how to get band bookings from venues

Clearly you're never going to know how to promote your music at gigs if you can't get your band booking. So, learning how to do this is a key requirement.

Getting gigs boils down to:

a) Working out what's different about your band

b) Drawing up a long list of target venues

c) Agreeing between band members how many band bookings you want to play every week or month

?d) Creating a demo

e) Hitting the phones to canvas your long list of venues

Oh [url=http://www.cheapcroatiajerseys.com/marko-pjaca-jersey/]Marko Pjaca Croatia Jersey[/url] , and of course? rehearsing.

More band booking tips here


2. Get people to come to your gigs.

So, once you've mastered the art of how to promote your music to venues, you need to get people in through the door to watch you play on gig night.

You should do this both on and offline. Online, think your Facebook [url=http://www.cheapcroatiajerseys.com/mario-mandzukic-jersey/]Mario Mandzukic Croatia Jersey[/url] , Twitter and Youtube accounts to advertise your gigs. Also, your own website should be collecting email addresses so you can email newsletters with details of the event. Offline Press releases, flyers and verbally telling everyone you know about your forthcoming gigs.

? How to promote your music by playing great shows

3. Play Great Shows

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