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Tis The Season ...
Fa la la la la, la la la la.
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"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." (John 3:16) “I was in prison and you came to visit me.” (Matthew 25:36) |
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As an attorney ( although probably not licensed in your jurisdiction) and not providing any specific legal advice to your situation ( my disclaimer)
Incorporation for officiating make little sense. 1) to have the legal liabilities of a corp, you would need to follow all the formalities like maintaining corporate books, etc 2) most states have corporate franchise taxes. California can be as much as $800 per year. 3) unless it is an S corp the is double taxation 4) there is the issue with separate EINs with IRS ... 5) the corporation would need to get the liability coverage not the individual 6) the corp would have to figure out how to referee in the name is the corp and have contracts listed as the corp LLC may run into some of the same issues because it is a separate entity from the official. Not saying it can't be done but probably is costly with so few limited advantages... |
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See You Later Litigator ...
Quote:
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"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." (John 3:16) “I was in prison and you came to visit me.” (Matthew 25:36) Last edited by BillyMac; Sun Mar 10, 2013 at 11:54am. |
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I have a One-person LLC for my sports activities and file a schedule C at year-end. That way I have limited liability with the ability to file as a sole proprietor.
(Standard disclaimer: What works for me may not be best for someone else.)
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"Be kind whenever possible. It is always possible." – Dalai Lama The center of attention as the lead & trail. – me Games officiated: 525 Basketball · 76 Softball · 16 Baseball |
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