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Re: To Inc., or not to Inc.

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Richard,

The single biggest determining factor is whether or not you are intending to
be a one man office or you are intending to hire employees.

If you are intending to hire employees, I definitely recommend either
incorporation or LLC, whichever offers the greatest tax benefit in Texas.

As a sole proprietor, unless there is a distinct tax benefit to
incorporating based on your volume of work, you can insure against the
liabilities you mention fairly inexpensively without the added expense and
record keeping of being a corporation.


Paul Feather PE, SE
pfeather(--nospam--at)SE-Solutions.net
www.SE-Solutions.net
----- Original Message -----
From: "richard lewis" <rlewistx(--nospam--at)juno.com>
To: <seaint(--nospam--at)seaint.org>
Sent: Monday, April 21, 2003 12:05 PM
Subject: To Inc., or not to Inc.


> I am starting up my own structural engineering business in East Texas.  I
> am trying to decide whether to incorporate or not.  I know I need to talk
> to a lawyer and accountant, but I wanted to get some input from some who
> have been in my shoes before and learned from experience which is the
> best to do.  I know I am personally liable for my design and the
> corporate shield would not protect me, but I was thinking of the
> nonprofessional liability such as a car accident while traveling on
> business or someone getting hurt while visiting my office.  Is it worth
> it for these protections?  Also, I know each state has their own laws.
> Texas has the LLC option and the PC (Professional Company or Corporation)
> option.  Any advantage to either?  I believe the PC limits stockholders
> to professionals, which is good because I think owners of an engineering
> firm should be professionals.
>
> Greatly appreciate any advice!
>
> Rich
>
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