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corp to corp

David Mbura
Ranch Hand

Joined: Apr 06, 2010
Posts: 65
Hello guys ,
I am new in IT industry,and currently i have been looking for a job as entry-level java/J2EE developer.I want to work as corp to corp,therefore i have been trying to start my own organization which could consist of only one person (me) or two(with an accountant, if available).The question is what kind of company should i start,In other words what kind of forms do i have to fill out.I reside in California.I understand as a junior developer i shouldnt have thought of this yet but i have figured that since most companies dont want to be commited to hire entry-level developers ,it would be easier to work on contract as corp to corp ?Any other suggestions or comments are welcomed.Thank you in advance guys.
Janeice DelVecchio
Saloon Keeper

Joined: Sep 14, 2009
Posts: 1686
    
  12

As an entry level candidate myself, I would be scared to be the only fish in the tank of developers at a company.

How could I get better? Whose advice would I ask? What if I don't know what to do?

I really think that I would be in over my head if I tried to run my own consulting firm. But, there are tons of sites that offer money for freelance work. You might consider that.

..... and why would you hire an accountant and not another developer?


When you do things right, people won't be sure you've done anything at all.
Jimmy Clark
Ranch Hand

Joined: Apr 16, 2008
Posts: 2187
If you want to start a business, incorporation is the best way to go. And Delaware has the best set of tax-friendly
laws and lowest fees. You can operate a Delaware corporation from anywhere in the world. All you need to do is have a registered
agent from Delaware who serves as your proxy. You can operate your business in California as a foriegn entity (to CA that is.)

There are a bunch of forms to fill out to set up a corporation. The registered agent will help you. And you eventually will need to
open up a U.S. bank account for the corporation once it is registered with the U.S. federal government.

Visit http://www.thedelawarecompany.com/ to learn more.

Good luck son! You won't regret it.

P.S. You will need to find an accountant that you trust. And you will need to learn what your tax responsibilities are to know what the accountant needs to do at a high-level.

Below is a good book that will teach you about the tax benefits of a corporation.


Incorporate & Grow Rich!
http://www.amazon.com/Incorporate-Grow-Rich-Cheri-Hill/dp/0967187109
Gregg Bolinger
GenRocket Founder
Ranch Hand

Joined: Jul 11, 2001
Posts: 15299
    
    6

Janeice DelVecchio wrote:As an entry level candidate myself, I would be scared to be the only fish in the tank of developers at a company.

How could I get better? Whose advice would I ask? What if I don't know what to do?

I really think that I would be in over my head if I tried to run my own consulting firm. But, there are tons of sites that offer money for freelance work. You might consider that.

..... and why would you hire an accountant and not another developer?


Working as a corp is just better, in general. It doesn't mean you are working as a company like you've described above, but you get protected under the blanket of one. Also, a lot of other companies won't hire consultants who aren't protected and sometimes even insured as a company. I've pretty much worked under a company of 1 for nearly all my independent consulting life. Only a year ago did I form a new company with another individual to do basically the exact same thing.


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