Epic Paperwork Continues

Hey Folks! Hope everyone had a good weekend. We're gearing-up for a camping trip later this week, so we broke out the tent and took a test nap in it. Looking forward to getting some not-computer-time :)

The parade of paperwork continues this week, as I resume transferring distribution and licensing agreements from my old personal business to the new LLC. Plus, it turns out Seattle-based LLCs have some really nice bonus features, such as State and local tax filing, business licenses for each, and other LLC requirements. I may even have to get new business cards and letterhead to protect the liability shield the LLC provides.

This is how bureaucracy spells F-U-N!

Needless to say, not much excitement to report. I think I might be able to squeeze some dev time in again tomorrow, though, so hopefully more then!

Comments

ra1's picture
ra1

Its probably too late, but I've heard setting up a business in Nevada is much cheaper in the long run.

dcfedor's picture
dcfedor

It's true that there are a few States that do incorporation for cheap, and with fewer strings attached. Delaware, Nevada, and North Dakota come to mind.

The irony is that I thought I'd sacrifice a few bucks to keep things simple and local. Looks like only the "local" part was true :)

Of course, doing business in a different state would've meant hiring a registered agent to receive legal/tax documents in that state, so I avoided that issue. I'd probably have to file some paperwork here anyway, since I'm technically a resident of WA, despite my company's home. And Washington doesn't have a state income tax, so there's that, too.

But then there's a business and occupancy tax instead of income tax, both for state and local. It's tiny (<1%), but it's on gross income (so I'm taxed even if I don't make a profit). But it has many exemptions. But it also makes it hard to figure out.

Gah. I just want to code games :)

Dan Fedor - Founder, Blue Bottle Games

Malacodor's picture
Malacodor

I wouldn't bother with that more than necessary and just be proud of being a taxpayer.

Ran around with a clown mask before it was cool

dcfedor's picture
dcfedor

Believe me, I am not bothering with this bureaucracy any more than necessary :)

Dan Fedor - Founder, Blue Bottle Games