Jan 2011 Meeting Notes
For our first meeting of the year, we had a great turnout. Better than expected even!! We would like to say thank you to all those that attended. We couldn't do this without you.
For those that missed it, we answered several questions regarding LLC, C- and S- Corp taxation. Specifically that a single member LLC CAN NOT file as an S-Corp, only multiple member LLC's are allowed to do that.
Also went over the difference between a Contract and W2 employee. If the employee has regular hours, certain duties to perform throughout the day, etc, for TAX purposes, they are considered an employee. Even if paid via 1099. If the employee is just given to work and is allowed to work on it in as they deem necessary, they are considered a contract employee for tax purposes.
All this information and much more related to taxes will be address in our February meeting.
We were also pleased to have the fine folks over at Credit Help USA over to join us again. We welcome their new employees with open arms and look forward to many more years working with them for all credit related questions and issues.
And I would be remise in my duties if I failed to mention our special guests, D.E.A.F. I want to bring special attention to them for what they do. They specialize in assisting and empowering the D/deaf entrepreneurs to be independent and successful thriving business owners.
We also would like to thank The Oasis Restaurant for their continued support for allow us to use their preemies for our meetings and excellent food.