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-   -   How much did your cpa charge for getting incorporated? (https://gfy.com/showthread.php?t=723611)

Worried 04-12-2007 02:18 PM

How much did your cpa charge for getting incorporated?
 
Mine charges $950

Does this sound average?

Here's the breakdown:

File articles of incorporation, complete corporation book (stock certificates, organizational minutes, draft by laws, corp sea, etc) $495

Domestic Stmt filing $50

Corp Federail id numbers $60

First annual meeting and elections (fill out corp book) $175

Elective forms

Federal S Corp $85

State EDD Id number $60

100 ES form for franchise tax board $25

Total $950

Does that sound about right?

djscrib 04-12-2007 03:30 PM

Jessus

Articles of Incorpration in oregon are $75 and get you your state id number. None of the other stuff is required.

The Corp Federal ID is a form you can fill out online for free in about 2 minutes.

The S-Corp form is a form you can mail in and fill out in about 1 minute.

The only 3 things you need are a federal ID, state ID, and S-Corp election. Total price, $75, time to file, about 15 minutes.

So I would say that's on the high side.

Voodoo 04-12-2007 03:31 PM

http://www.bizfilings.com

DateDoc 04-12-2007 03:35 PM

Quote:

Originally Posted by djscrib (Post 12244179)
Jessus

Articles of Incorpration in oregon are $75 and get you your state id number. None of the other stuff is required.

The Corp Federal ID is a form you can fill out online for free in about 2 minutes.

The S-Corp form is a form you can mail in and fill out in about 1 minute.

The only 3 things you need are a federal ID, state ID, and S-Corp election. Total price, $75, time to file, about 15 minutes.

So I would say that's on the high side.

You can even call in to get a Fed tax ID and they give it to you right away.

avalanche 04-12-2007 03:36 PM

Best place around is http://www.corporate.com they cost about $500 for everything and that includes resident agency for 6 months.

NTSS 04-12-2007 03:45 PM

Cost me ZERO dollars... I did it myself.

I'm sorry to hear that man...you coulda done it all yourself and just paid the application fee of 100 bucks or so.

Live and learn. I think I paid an accountant $350 when I incoporated my first biz 10 years ago... I knew better this time around :)

Why 04-12-2007 03:46 PM

my good ones my attorneys did for me and those were about a G a pop. the shitty throw away corps i do online for $350.

dont fuck around, dont listen to idiots. get a proper attorney to do it, if its a company that you plan to keep around for a while.

Worried 04-12-2007 03:47 PM

Quote:

Originally Posted by NTSS (Post 12244268)
Cost me ZERO dollars... I did it myself.

I'm sorry to hear that man...you coulda done it all yourself and just paid the application fee of 100 bucks or so.

Live and learn. I think I paid an accountant $350 when I incoporated my first biz 10 years ago... I knew better this time around :)

I didn't do it yet... This is just the price he gave me for incorporation...

If I do it myself how do I "complete corporation book"?

Also, he told me not to incorporate in NV, but in the state where I reside instead which is California.

shermo 04-12-2007 03:48 PM

I paid $450 online not counting various state filing fees/permits, etc. However, today we paid a $750 retainer to have him setup the company to pay as an elective scorp, maintain our books, etc.

Be smart nad make sure everything is covered...Pay the G :)

2012 04-12-2007 03:48 PM

$250

form-a-corp.com < --

ztik 04-12-2007 03:55 PM

When you file for your corp ID you actualy get it right away online now. It takes like 5 mins.
To file to S-Corp its tiny little 1 page form. Takes less than 2 mins to fill out.

Worried 04-12-2007 03:56 PM

Quote:

Originally Posted by shermsshack (Post 12244282)
I paid $450 online not counting various state filing fees/permits, etc. However, today we paid a $750 retainer to have him setup the company to pay as an elective scorp, maintain our books, etc.

Be smart nad make sure everything is covered...Pay the G :)

I want to play it smart, but the stuff like getting a state EDD number I can just do myself right?

TheSenator 04-12-2007 03:58 PM

I got charged 550.00 in 2000.

Sounds about right.

Worried 04-12-2007 03:59 PM

Also, one last question, if I pay myself a salary, and then if I want to take out the rest of the corporate money to my personal account, can I just transfer it, or is there some other process for that?

NTSS 04-12-2007 03:59 PM

If you want to pay $950 for something you could do yourself go ahead.

Who needs an attorney when they will send you all the forms to fill out?

If you can read and write you can save yourself some cash. If you're rollin in the dough and don't have time...sure, pay someone else to do it. The end result will be the same.

trix 04-12-2007 04:22 PM

I am in the USA.

My CPA (who is very very good and normally does doctors, lawyers, etc) told me that the additional bookkeeping costs with his office would be about $3000 a year. That it required totally different bookkeeping (meticulous) than the shoebox of receipts and the scribbled notes I give him once a year and I probably wouldn't be able to keep the paperwork up.)

I only pay him about $700-$900 a year for doing my taxes this way.

He knows what I do, he has done my taxes for maybe 15 years since I had a retail store. He is very good and I trust him 100%. It wasn't the cost of incorporation, it was the difference in bookkeeping. And I don't have extra hours in the day to do weird extra bookkeeping.

trix 04-12-2007 04:26 PM

That said, getting a taxpayer ID so you don't have to give your social security number to every "fly-by'night" sponsor is worth it. Free online or my accountant did it free, also.

DOCTOR 30 04-12-2007 04:28 PM

Quote:

Originally Posted by NTSS (Post 12244268)
Cost me ZERO dollars... I did it myself.

I'm sorry to hear that man...you coulda done it all yourself and just paid the application fee of 100 bucks or so.

Live and learn. I think I paid an accountant $350 when I incoporated my first biz 10 years ago... I knew better this time around :)

You are soooo right!

Nowadays if you pay more than $100 for everything including tax ID you paid too much.

You can do it yourself, get a paydex down the line and start applying for big corporate credit accounts and LOCs etc. Many without a PG.

Worried 04-12-2007 04:30 PM

Quote:

Originally Posted by trix (Post 12244463)
That said, getting a taxpayer ID so you don't have to give your social security number to every "fly-by'night" sponsor is worth it. Free online or my accountant did it free, also.

Is a taxpayer id the same thing as "corp federal id numbers"?

Worried 04-12-2007 08:17 PM

I have a question, is the "corporate federal id number" the same thing as an EIN? or tax id number?

Also, I know I can file incorporation online but what about "stock certificates" and "corporate seal" and "organizational minutes"? Is that something I can do too?

After Shock Media 04-12-2007 08:23 PM

Quote:

Originally Posted by Worried (Post 12244354)
Also, one last question, if I pay myself a salary, and then if I want to take out the rest of the corporate money to my personal account, can I just transfer it, or is there some other process for that?

Please seek help, I am being very serious.

modF 04-13-2007 06:53 AM

I think you should seriously consider making a research purchase.

http://www.amazon.com/Incorporating-...6472252&sr=8-6

Forming the actual corporation is the easy part, knowing what to do with it later is the tough one. Make good friends with your Accountant and Attorney. Check your local area for Small Business forums/classes which meet monthly or whenever and find some like minded persons who are growing as well.

wookiee 04-13-2007 07:46 AM

I did it myself, here in Vegas for less than $200.
Nevada sucks though, they charge around $200 a year to stay registered.


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