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05-29-2015, 06:18 PM
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#1
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Ready to be Man handled by RS!
Join Date: Apr 2015
Location: Surrey, BC
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Home Business legal Advice
Hello,
Where can I get legal advice on that subject? What should I expect in cost?
Please suggest lawyer or firm that you've had positive experience with.
Thank you
Nicolas
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05-29-2015, 06:25 PM
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#2
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In RS I Trust
Join Date: Mar 2003
Location: Mission
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What do you need legal advice for? Lots of people have home businesses and you are being very vague right now...
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05-29-2015, 07:00 PM
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#3
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14 dolla balla aint got nothing on me!
Join Date: Apr 2007
Location: Surrey
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Ask a lawyer and ask how much they charge? Fee's for services vary so much.
My lawyer quoted me $100/hr for consultation around small business advice. See if any of your family has a good relationship with a lawyer and depending what you need, they may just do it for free or cheaper.
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05-29-2015, 07:46 PM
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#4
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Ready to be Man handled by RS!
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Quote:
Originally Posted by murd0c
What do you need legal advice for? Lots of people have home businesses and you are being very vague right now...
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Basically, I'd like to pick up a hobby, and in case some people might have and interest in my creations I could sell them. Something like 500$-1000$ a year. how do I declare that? do I need to create a company?
Quote:
Originally Posted by smaggs
Ask a lawyer and ask how much they charge? Fee's for services vary so much.
My lawyer quoted me $100/hr for consultation around small business advice. See if any of your family has a good relationship with a lawyer and depending what you need, they may just do it for free or cheaper.
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No Family here, as far as I know I am the only one of my family here.
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05-29-2015, 08:07 PM
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#5
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Ready to be Man handled by RS!
Join Date: Apr 2015
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i believe I'm on to something -> Small supplier limit calculation
Will give them a call on monday and see what's up
Will let you know if my questions were answered
Thanks
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05-29-2015, 08:50 PM
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#6
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Need to Seek Professional Help
Join Date: Jan 2004
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Quote:
Originally Posted by tinico
Basically, I'd like to pick up a hobby, and in case some people might have and interest in my creations I could sell them. Something like 500$-1000$ a year. how do I declare that? do I need to create a company?
No Family here, as far as I know I am the only one of my family here.
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Not a lawyer but I'm quite familiar with these types of things. My answer is going to be very generalized because your post is vague as fuck.
If that's all you're hoping for, skip incorporation. You don't need a lawyer for any side project that small. When you start doing about 5 digits you can think about it. Operational trademarks/copyrights can be applied retroactively but enforcing them is a whole different animal.
If you really want to, go here: Corporate Registry ? BC Registry Services
Read the entire website -- don't miss a single thing. Screw up and you don't get your money back. Unless you have massive global ambitions, patents/IP, or you will want to enforce trademarks in the future you can do it from home for about $300. I'm not going to explain much more because you're going to have to get used to doing your own homework/ reading things if you want to succeed in business.
Otherwise you're looking at $3-5k/year for a lawyer to do the same thing. A lawyer will give you slightly more protections but for doing sub-$50k/year of business it's not worth it.
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05-29-2015, 09:17 PM
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#7
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Ready to be Man handled by RS!
Join Date: Apr 2015
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Quote:
Originally Posted by bananana
Not a lawyer but I'm quite familiar with these types of things. My answer is going to be very generalized because your post is vague as fuck.
If that's all you're hoping for, skip incorporation. You don't need a lawyer for any side project that small. When you start doing about 5 digits you can think about it. Operational trademarks/copyrights can be applied retroactively but enforcing them is a whole different animal.
If you really want to, go here: Corporate Registry ? BC Registry Services
Read the entire website -- don't miss a single thing. Screw up and you don't get your money back. Unless you have massive global ambitions, patents/IP, or you will want to enforce trademarks in the future you can do it from home for about $300. I'm not going to explain much more because you're going to have to get used to doing your own homework/ reading things if you want to succeed in business.
Otherwise you're looking at $3-5k/year for a lawyer to do the same thing. A lawyer will give you slightly more protections but for doing sub-$50k/year of business it's not worth it. |
Sweet! thanks a lot. Will start reading tomorrow, as I got a migraine making me miserable. Peace
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05-29-2015, 11:51 PM
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#8
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I bringith the lowerballerith
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if your revenues are just going to be $500 to $1000 a year then don't bother setting up a company. Just claim as extra income on your tax return.
You don't charge any taxes on your products or services.
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05-30-2015, 07:48 PM
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#9
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14 dolla balla aint got nothing on me!
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From the sounds of it, you're more likely going to get the answer you want from an accountant.
and x2 what Nssan said.
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