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  #1 (permalink)  
Old Sun Mar 10, 2013, 06:06am
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Tis The Season ...

Fa la la la la, la la la la.

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  #2 (permalink)  
Old Sun Mar 10, 2013, 08:21am
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Join Date: Aug 1999
Posts: 1,281
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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Old Sun Mar 10, 2013, 11:18am
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Join Date: Aug 2005
Location: Connecticut
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See You Later Litigator ...

Quote:
Originally Posted by Freddy View Post
Have any of you incorporated for purposes of claiming income and legitimate expenses as an official?
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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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  #4 (permalink)  
Old Mon Mar 11, 2013, 09:25pm
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Join Date: Feb 2004
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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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