Incorporating - tanTALK

tantootx · 03-14-2003, 03:12 PM

I was wondering how many of you have incorporated your salons? We filed our Articles of Organization yesterday on the internet and with a credit card and $200.00 we were certified within a couple of hours as a Limited Liability Company (LLC) What have most of you done? Advantages? Disadvantages?

Thanks
B & C

TikiTan · 03-14-2003, 08:08 PM

We are inc.. as an S corporation.. Advantages for personal taxes...

tonyab122 · 03-15-2003, 07:29 AM

I am also an S corp. I do have a "day job" in addition to the salon.

LJ · 03-15-2003, 05:57 PM

S Corp. here... taxes are MUCH better and if someone sues your tanning salon... that is just what they are sueing... NOT YOU ! You are now the "president" of the Co. not the owner so to speak. So if someone sues... and takes you to the bank... they CANNOT come after your house.. car... savings... etc... JUST your salon... "The Tanning Co. INC."

jungle kitty · 03-27-2003, 08:30 PM

We are an S Corp as well. We have our rental property and our tanning salon under the corporate umbrella. It saves us on liability!
JK

Roger a. Brown · 03-28-2003, 08:18 AM

YOui ladies are pretty sharp. It is exciting to see women that "know their business"

Roger a. Brown · 03-28-2003, 08:19 AM

I forgot to check for type-o's, sorry.

LJ · 03-29-2003, 06:50 PM

Well Roger... thanks !... I am sure other woman are jest as smert as us....lol

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Ques. Re: Incorporating	tangirl	General Tanning Industry Discussions	5	12-03-2001 06:46 PM

03-14-2003, 03:12 PM	#1 (permalink)
tantootx I'm Banned Join Date: Mar 10 2003 Location: Texas Age: 70 Posts: 112 Rep Power: 0	I was wondering how many of you have incorporated your salons? We filed our Articles of Organization yesterday on the internet and with a credit card and $200.00 we were certified within a couple of hours as a Limited Liability Company (LLC) What have most of you done? Advantages? Disadvantages? Thanks B & C

03-14-2003, 08:08 PM	#2 (permalink)
TikiTan Join Date: Jul 27 2002 Posts: 630 Rep Power: 22	We are inc.. as an S corporation.. Advantages for personal taxes...

03-15-2003, 07:29 AM	#3 (permalink)
tonyab122 Join Date: Mar 5 2003 Location: Greensboro NC Posts: 30 Rep Power: 0	I am also an S corp. I do have a "day job" in addition to the salon.

03-15-2003, 05:57 PM	#4 (permalink)
LJ Join Date: Jan 12 2003 Posts: 118 Rep Power: 22	S Corp. here... taxes are MUCH better and if someone sues your tanning salon... that is just what they are sueing... NOT YOU ! You are now the "president" of the Co. not the owner so to speak. So if someone sues... and takes you to the bank... they CANNOT come after your house.. car... savings... etc... JUST your salon... "The Tanning Co. INC."

03-27-2003, 08:30 PM	#5 (permalink)
jungle kitty Join Date: Jan 8 2003 Location: DFW Posts: 339 Rep Power: 22	We are an S Corp as well. We have our rental property and our tanning salon under the corporate umbrella. It saves us on liability! JK

03-28-2003, 08:18 AM	#6 (permalink)
Roger a. Brown Join Date: Aug 8 2001 Posts: 61 Rep Power: 0	YOui ladies are pretty sharp. It is exciting to see women that "know their business"

03-28-2003, 08:19 AM	#7 (permalink)
Roger a. Brown Join Date: Aug 8 2001 Posts: 61 Rep Power: 0	I forgot to check for type-o's, sorry.

03-29-2003, 06:50 PM	#8 (permalink)
LJ Join Date: Jan 12 2003 Posts: 118 Rep Power: 22	Well Roger... thanks !... I am sure other woman are jest as smert as us....lol

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