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<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>Goeff,<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'> Good questions all. I recently did that process
at the start of this year since, from the urging of my tax professional, it was
better for some reason having to do with employees and such. I did not hire an attorney,
the process is a huge load of paperwork (at least by my standards), if I
understand things correctly there is no need for issuing stock or having board
meetings although you could if you like, creating a name is easy – just think
of one and attach inc. to the end of it. I use Greg Newell Enterprises, Inc.
dba (for doing business as) Greg’s Piano Forté.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'> In short I let my tax folks do all that garbage.
I do pianos, they do taxes. Let them do what they do best and I’ll
continue to do what I do best.<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'><o:p> </o:p></span></p>
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<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>Greg Newell<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>Greg's Piano Forté<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>www.gregspianoforte.com<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>216-226-3791 (office)<o:p></o:p></span></p>
<p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri","sans-serif";
color:#1F497D'>216-470-8634 (mobile)<o:p></o:p></span></p>
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color:#1F497D'><o:p> </o:p></span></p>
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<p class=MsoNormal style='margin-left:.5in'><b><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif"'>From:</span></b><span style='font-size:10.0pt;
font-family:"Tahoma","sans-serif"'> pianotech-bounces@ptg.org
[mailto:pianotech-bounces@ptg.org] <b>On Behalf Of </b>Geoff Sykes<br>
<b>Sent:</b> Wednesday, March 19, 2008 1:47 AM<br>
<b>To:</b> Pianotech@Ptg. Org<br>
<b>Subject:</b> Incorporation questions<o:p></o:p></span></p>
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<p class=MsoNormal style='margin-left:.5in'><o:p> </o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>Greetings all --</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>I have gone through the archives and found
the subject of Corporations and S Corporations has come up a couple of times.
But those discussions were brief and didn't really delve into the process. For
a number of reasons my tax guy has strongly advised me to go the S Corporation
route.</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'> <o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>Today's questions are directed to
those among you who have actually gone through the process of
starting a corporation and then converting it to an S corporation.</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'> <o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>: What, exactly, is the process?</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>: Did you do it yourself, or did you hire an
attorney? </span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>: Changing from Sole Proprietor to
Corporation, how do you cover the question of stocks and board meetings?</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>: What about creating a business
"name" that ends in Inc., Corp., or Ltd.? To whom do your tuning
clients write their checks to?</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'> <o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>I've found all the forms. And even though
there are only about three really basic items being asked for on them, I
find myself overwhelmed with questions and procedures
regarding the process of actually acquiring and/or
creating those items.</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'> <o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>So I guess my only real question is: How did
you do it?</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'> <o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>-- Geoff Sykes, RPT</span><o:p></o:p></p>
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<p class=MsoNormal style='margin-left:.5in'><span style='font-size:10.0pt;
font-family:"Arial","sans-serif"'>-- Los Angeles</span><o:p></o:p></p>
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