vendredi 7 novembre 2014

sole prop to corp transition

Hello,



Looking for help/direction with small business finances. Just informed second cpa is 'getting out'. First accountant went missing, stopped returning calls etc.



Background: Started side business in aug 2013, ran as sole prop. personal bank account.

filled articles of inc in FL, and ein in nov 2013. Never did anything else with the corp ein; business name. never opened bank account, never did business under it, never elected as 's' corp.

filed 2013 taxes as sole prop.

Continued business in 2014 the same.



I would like to get an s corp set up and untwine the personal/business finances.



tried going the safe way with getting a professional involved but it seems like pulling teeth to get anyone to get things done. so questions:

1. Is it too late to use the filed corp name because of late filling penalties? Start from scratch?



business is not complicated, cant see why this just cant be done myself. quickbooks, 1 salary (me) and not trying to buy a new range rover as a business expense.



Thanks for the time




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