LLC and DBA questions

[Plywood]

I have the renewal form sitting on my kitchen counter, and on that form it has the $10 discount for COAI, but maybe they don't have it on the online form.

[Pickles]

I called them, and they just had me write my COAI number on the form.

[tim]

Another option mentioned during one of the seminars at Spring Fling as being worthy of consideration and having certain advantages is an S-Corp:

http://www.incorporatecalifornia.com...arenevada.html

http://www.florida-corporations-onli...porations.html

[Peaches]

from some research I've done in Michigan it is only $25 dollars a year to get an LLC... definitley worth it.

[JimBo]

Originally Posted by tim

Another option mentioned during one of the seminars at Spring Fling as being worthy of consideration and having certain advantages is an S-Corp:

http://www.incorporatecalifornia.com...arenevada.html

http://www.florida-corporations-onli...porations.html

If you do decide to form a llc or corporation in a different state than where you live and intend to work, you will ALSO have to register your out of state corporation ( foreign corp ) with your home state and pay an additional fee. Failure to register an out of state corporation will normally weaken the protection provided.

Most traveling circuses and carnivals are registered with the Secretary Of State in 10-15 or 20 states, usually at a cost of $200. or more per state. Just another reason why ticket prices are so high.

[scottgrimaldi]

Having a DBA could be good for me, as there's a guy in the area who shares my real name and is in the movie business. I've had some cold shoulders because of it.

[Toby KID]

Originally Posted by Fitzwilly

You always need insurance.

I just renewed my for another year. $220 per year with a $10 discount for COAI members = $210

Each occurrence - $3 million
Damage to rented premises - $100,000
Medical Expenses - $5,000
Personal & Advertising Injury - $3 million
General Aggregate - $5 million
Products, Completed Op. Agg. - $5 million

With whom pray tell do you insure with?

[Scruffy]

peaches.
you need both, go to the courthouse and talk to the county clerk. I think is it costs about ten bucks and is a painless as getting a marriage license.

[tim]

Originally Posted by Scruffy

...and is a painless as getting a marriage license.

Do they still make you take a blood test?

[Jeff the Magic Man]

A DBA is great to establish an official business and a lot of places will require you to have one if you are performing. DBA's are mostly for tax purposes and they allow you to open up business accounts under your stage name and be able to cash checks written out to your stage name. If you don't have a DBA, TECHNICALLY banks arent supposed to cash or even deposit a check made out to "flower the clown" or such. Also be aware that all the money that goes into that DBA MUST be accounted for and filed on your taxes or else you might be audited. They keep tabs on your business account.