So I had a job with my buddy working search engine optimization

I would first try to find a new job with your skills and then pursue starting an LLC simultaneously if you're gonna do that route.

>>1016844
Our goal is to have the job we were working for as our main contract and then contract out smaller projects as we get going. This is a valuable project and he wants us to begin asap, so we really have to get this written fee contract finished.

>>1016844
>>1016860
In all honesty, we should have been hired as IC from the start, I just don't really know much about LLC, negociaing a fee contract and how to charge him for services, and how to find more clients .

>>1016860
If its a valuable project that he wanted you to begin asap he wouldn't take you off salary lol

>>1016816

Step 1: incorporate in Delaware

>>1016969

Actually Nevada is better for small companies. Delaware only pays off if you plan on becoming a publicly traded company

Damn this nigga smart enough to optimize search engine algorithms but can't google how to start an llc? It's easy as fuck there are plenty of dumb asses with LLCs.

>>1016979
>>1016969

>not Wisconsin

>>1016989

Just get a business attorney. For the 800+ Legalzoom is going to charge, pay the extra 300 and get a real attorney and have them be your registered agent.

You would be amazed at the number of people who are utterly screwed the first time they have to file board meeting minutes and reaffirm the LLC to the state

>>1016991
There is no REAL best. Delaware and Nevada are only better because of their lawsuit protection laws.

The days of actual tax avoidance by incorporating in a foreign state have been dead for 20 years

>>1016991
who'd want to go to wisconsin srsly/?

>>1016844
Don't listen to people like this. This is why people fail at starting a biz. This is the worst fucking advice anyone can give you.

>>1017093
people who want to make money...

If everyone has your attitude, I'm sure there's plenty of opportunity in wisconsin, thanks to the fact that it isn't oversaturated. My cousin got rich by working medicine in the American south. These places still have lots of room for growth

op here, thanks for the input everyone, is there a way I can include in this contract an set number of guaranteed hours I will work. Obviously I know he did this to save money and leave how much he pays me up to the success of the company but I am just concerned about how I will get paid for now.

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>>1016816
This is a really great thing! I'm a consultant/contractor and have turned down jobs because they wouldn't let me operate as my own business entity.

I prefer an S-Corp. (I hear Wyoming is nice). Pay yourselves a "reasonable" salary, take remaining profits as distributions avoiding payroll tax. Wages will have double-fica and you'll have to cover your own benefits (e.g. health insurance), so build all of that into your fee, along with extra expenses such as accountant, insurance, etc.

One of the best benefits of having your own company are retirement accounts - open a self-directed Solo 401(k) that you can dump pretax dollars into in large quantities - standard salary deferral up to $18k/yr + employer contribution of up to 25% of your wages, capped at $51k I think. For example, I pay myself $102k salary, so I am dumping $18k + $25.5k => $43,500/year into my 401(k) pre-tax.

You get a whole slew of new write-off opportunities - cell phone/data service, ISP, travel to and from your primary place of business (i.e. your home) and your clients' locations, etc. Dedicate a room or area of your home for exclusive business use and you can write off that percentage of your household expenses.

Get access to business lines of credit. I had a $55k line of credit I never tapped and just got a promotional rate of 2.5% for the lifetime of the balance to entice me to use it - wrote myself a check and dumped that into my trading account.

>>1017288
thank you very much, these are great ideas that I plan to capitalize on.