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It’s Been A Month.. What’s Going On?
Posted by JasperP on July 21st, 2008
It’s been almost a month since I posted on here and it’s been a rough ride. Google put the slap down on alot of campaigns. Hit me pretty hard on one of my campaigns so it’s been tough trying to get everything back in order.
Anyway, I got my Legalzoom.com stuff from my previous order and it’s very exciting to have my first offiicial LLC business! There are alot of forms to fill out and stuff to take care of on the administrative side, but all in all, it’s nice to have some sense of organization in my marketing business.
One thing that I accomplished today was getting my business account from WaMu. For those of you that don’t know, WaMu offers Free Business Checking! I would have preferred to have Bank Of America but they charge monthly fees over there so I think I’ll try the free biz checking at WaMu first before I jump over there.
The name of my company is NextFlow Media, LLC and I took a few pictures to show it off:
I still have some more forms I have to mail out and I still have to figure out the accounting side and how I’m going to transfer my business income and expenses from my personal account to my business account. Hopefully it won’t be too big of a mess!
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Posted in: Business
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I Just Submitted My LLC Application!
Posted by JasperP on June 9th, 2008
I just finished applying for my LLC at LegalZoom! It cost me a total of $656.00 but, I think I’m saving so much more by going through them. Supposedly, I’m saving $2000+ by using their services as opposed to working with an attorney or law firm to file my application.
I filed my business as an “Single-Member LLC taxed as an S-Corporation”. After doing some research, it seems that some other affiliates were doing the same thing, so I figured I should do the same. There are some tax benefits such as not having to pay the 15.3% self-employment tax. I’m still not quite sure what all the benefits are, but I figured I can learn about it later.
Legalzoom made is really easy to file the LLC application. They had a multiple-page questionnaire that made it easy to understand. All I did was answer the questions, submit my payment information and off it went! I’d say it took me about an hour to do the application.
So What’s Next?
Well, I’m going to start applying for some business credit cards, apply for a business bank account and start changing my affiliate accounts to the new business account. I also need to get more organized as far as accounting goes. I might just look for a tax consultant to figure all that out for me.
Paul at Uberaffiliate has a nice little summary on business credit cards on his blog:
http://uberaffiliate.com/business/business-credit-cards/
I’ll probably apply for some of those in a couple of months as soon as I get my application back.
I’m an official business! Exciting!
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Posted in: Business
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