NYCPHP Meetup

[Brian O'Connor]

Hey guys, I hope this isn't too off-topic, as I'm sure there's a few people
here who are in the self-employment arena that can shed some advice.

As a prefix, I'm going to assume no one is a lawyer and such won't hold you
accountable (unless you otherwise say I can).

I've been doing some side web development over the past 6 months with a
designer and things are going great, and we seem to be getting clients at a
great pace.  Obviously, the question is arising as to whether or not we
should LLC our "group" and make things official and to prevent losing
everything we own, and to look more professional.  However, I've heard
conflicting things about what to do.

I was always under the impression that LLC was the way to go, but now I
might not be so sure.  What are the rules to getting an LLC?  Do I need an
address in the state I registered the LLC in for it to work?  Does the LLC
need an official bank account in order for the checks to be cashed / money
to be transferred?
 How do the taxes work if there's 2 members of the LLC?

I'm very curious about how this all works!

Thanks in advance,
Brian O'Connor
-- 
Brian O'Connor
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.nyphp.org/pipermail/talk/attachments/20091013/3810a288/attachment.html>