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Anyone can start a corporation. It just costs $48 - $89. Let's all start one.

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Maraya1969 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 02:32 AM
Original message
Anyone can start a corporation. It just costs $48 - $89. Let's all start one.
If you have the money.

Someone with better information that I can figure out a way that this could really screw with the corporate donation supreme court decision.

Here is a link to just one of the legal companies that will file the papers for you. Maybe some lawyers could donate some time so we can all become corporations.

I am saying this because when I was a kid my parents had a corporation with nothing in it. I don't know if it is still viable but it was kind of cool at the time. I asked my mother how they did it and she said they paid a lawyer and that was it.

http://www.corpamerica.com/Incorporation_LLC_Packages.html?iq_id=31071168&utm_medium=ppc&utm_term=31071168&utm_source=google&cid=31071168

LEGAL ZOOM

http://www.legalzoom.com/sem/incpage28.html?WT.srch=1&kid=499385ba-1259-6f49-1a11-0000050939af&se=google&q=file%20corporation&refcd=GO000000103408281s_file_corporation&tsacr=GO5374010887&cm_mmc_o=7BBTkwCjCWwc%20C%20GEgBy5ByzfbBECjCGEgBy5ByzfbBEjdbkw%20-%202By5ByzfbBECjCubkw%20gBy5ByzfbBE&gclid=CImMmea_86gCFYje4AodPFmgTA
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csziggy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 02:39 AM
Response to Original message
1. The problem is that corporations now get a vote for every dollar
(Or maybe one vote for every thousand dollars) And not one vote per corporation like we get one vote per person. So the big corporations get a shitload more votes than we could.
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 03:26 AM
Response to Original message
2. So if I start a corporation and use my home as a headquarters, I will
qualify for the 40% reduction in corporate real estate taxes that Gov. Braindead & the Rs are pushing here in Iowa. Sweet!
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 03:28 AM
Response to Reply #2
3. it would actually be an interesting political action to study the relevant law in one's locality
& get a bunch of people together & do just that.
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 05:25 AM
Response to Reply #2
6. Then you would have to live somewhere else.
If you're trying to do this legally, that is.
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Courtesy Flush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 08:23 AM
Response to Reply #2
8. No. Not really.
I'll assume you're kidding, but if anyone thinks they can do this, look it up. I think you can only claim the portion of the property that is used solely for business purposes. If you don't really run a business, you'll eventually lose your deductions.

(I'm just a guy on the internet who thinks he knows what he's talking about. Take no action based on my posts)
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 08:26 AM
Response to Reply #2
9. You might get away with it for a few years. After a while, if you don't show a profit...
...the IRS will declare your operation a hobby rather than a business.
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ET Awful Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 04:36 AM
Response to Original message
4. That price is just the documents (i.e. Articles of Incorporation, etc.).
The filing and registration fees vary from state to state (last time I worked on a corporate formation was in '94 or so in California, and the filing/registration fee was around $1,000).
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pnwmom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 05:23 AM
Response to Original message
5. You will have to file both corporate and individual income taxes.
Just so you know . . . .
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dixiegrrrrl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-19-11 08:10 AM
Response to Reply #5
7. Corporations pay taxes in America??? Pshaw.........
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