I'm considering consulting out of state. What kind of incorperation?

[Lloyd Kvam]

On Tue, 2013-01-29 at 07:24 -0500, Bruce Dawson wrote:
> Subchapter S or LLC should be fine. 

NH does not distinguish between corporations and subchapter S
corporations(unless that changed while I was not paying attention).

I think an LLC should be the default choice unless some circumstance in
your situation suggests otherwise.  The LLC should require less
paperwork while still providing reasonable protection regarding personal
liability.

> Tax-wise, profit (income after
> expenses) is rolled into your personal income. Just beware of the level
> of duplication for paperwork (taxes, insurance, ...) for having  a
> corporation.
> 
> Other things to be aware of when working out of state:
> 
>   * Licensing (especially medical field)
>   * Increased insurance (esp vehicle) due to distance travelled
>   * Increased expenses (parking fees, tolls, meals, room, ...)
> 
> Also, a lot of states still require quarterly taxes to be paid to them,
> but refund it at year end (and expect each state to have a different
> definition of "year end", and "refund").
> 
> But all-in-all, its manageable once you get all the ducks lined up.
> 
> Good luck and have fun!
> 
> --BRuce
> 
> 
> On 01/28/2013 10:28 PM, Bill Freeman wrote:
> > I have a potential gig on Long Island on a 1099, but will remain
> > domiciled in NH.  I figure that I should become a LLC or sole
> > proprietorship or something.  Suggestions?
> >
> > Bill
> 
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-- 
Lloyd Kvam
Venix Corp
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