#garfield Logs

Mar 11 2019

08:33 AM rue_bed2: --
08:50 PM zhanx: Tom_L, for an LLC what is a Registered Agent
08:59 PM Tom_L: the one in charge
08:59 PM Tom_L: you.
09:00 PM Tom_L: A registered agent is a responsible third-party who is located in the same state in which a business entity was established and who is designated to receive service of process notices, correspondence from the Secretary of State, and other official government notifications, usually tax forms and notice of lawsuits, on ...
09:00 PM zhanx: k
09:00 PM Tom_L: i do all that myself
09:00 PM zhanx: k
09:00 PM Tom_L: but i'm Pres, CEO, COO, ..... etc
09:00 PM Tom_L: CFO
09:01 PM zhanx: that business plan i started and never finished, I need to finish it now
09:01 PM Tom_L: who's in your articles of incorp?
09:01 PM Tom_L: that's who...
09:01 PM zhanx: just me
09:02 PM Tom_L: basically who they can come and behead when you piss em off
09:02 PM zhanx: we talked about this last year, but, now it needs to happen
09:02 PM zhanx: k
09:02 PM Tom_L: :)
09:02 PM * rue_mohr watches
09:03 PM zhanx: my appt is tomorrow at 10 am
09:03 PM Tom_L: any tax guy worth his salt could write up your articles for next to nothing
09:03 PM zhanx: but don't want to be an idiot walking in
09:03 PM Tom_L: i did my own
09:03 PM Tom_L: and registered them with the state
09:04 PM Tom_L: you're supposed to have an official seal too but i never got one
09:04 PM Tom_L: remember that wax blob the kings would seal their shit with?
09:04 PM Tom_L: that's what a seal is for
09:05 PM rue_mohr: heh
09:05 PM zhanx: k. by the 1st of next month i want everything done with and be ready to do business under the LLC
09:05 PM zhanx: I am the KING now
09:05 PM Tom_L: oy
09:05 PM Tom_L: woops
09:05 PM Tom_L: numb fingers can't find keys anymore
09:05 PM Tom_L: there's alot to do but once you do it a time or two it's not bad
09:06 PM zhanx: Tom_L, riddle me this
09:06 PM Tom_L: i do monthly, quarterly and annually stuff
09:06 PM zhanx: transfer of equipment from me to the business
09:06 PM zhanx: aka all the tools
09:06 PM Tom_L: ask em, i'm not sure how that works
09:06 PM zhanx: k
09:06 PM Tom_L: sell it to yourself for a dollar
09:07 PM Tom_L: that's always been a legal binding transaction
09:07 PM zhanx: 10 grand plus in tools sold for a dollar? and insurance will cover them at full price minus deprecation?
09:08 PM Tom_L: i'd ask but that's what i'd do on paper
09:08 PM zhanx: k
09:08 PM Tom_L: take pics for the insurance
09:08 PM zhanx: yep i called on the insurance, i need a few things for them
09:09 PM Tom_L: then you'll have companies wanting to be on your insurance policy for liability purposes...
09:09 PM zhanx: usaa makes it easier
09:09 PM zhanx: wait what?
09:09 PM Tom_L: mine has a site to fill out the form
09:09 PM Tom_L: wait til they ask
09:09 PM Tom_L: :)
09:10 PM Tom_L: they want to be named on your policy
09:10 PM zhanx: why?
09:10 PM Tom_L: liability
09:10 PM * zhanx gives that what look?
09:10 PM Tom_L: hehe
09:10 PM Tom_L: i felt the same way the first time
09:11 PM zhanx: cool one of my lawyer buddies from the army emailed me a sample llc layout
09:11 PM Tom_L: A: A certificate of liability insurance is a single sheet of paper that summarizes the benefits of an insured party's insurance policy. In short, it is proof of your insurance coverage and limit of your policy. Part of its value is that it contains extensive details about an insurance policy on a single sheet of paper.
09:11 PM zhanx: different state so he cant help file it
09:11 PM zhanx: k
09:11 PM zhanx: where are you finding this so i can read it
09:11 PM Tom_L: you work for someone and tell em you're insured. they don't believe you....
09:11 PM Tom_L: you can prove it
09:12 PM Tom_L: on your insurance co's website
09:12 PM zhanx: k
09:12 PM Tom_L: probably
09:12 PM zhanx: like my bonded paperwork i show for banks
09:12 PM Tom_L: similar
09:12 PM Tom_L: don't offer it unless they ask
09:13 PM zhanx: k
09:14 PM zhanx: my list is huge right now
09:14 PM zhanx: most of it is on me to create stuff
09:14 PM Tom_L: yup
09:14 PM zhanx: and some of it is payouts
09:15 PM zhanx: since my isp blocks web services
09:15 PM Tom_L: for instance, i did work at a church under construction. the plumber forgot to sweat a joint and it got covered up in a wall
09:15 PM zhanx: no local mail servers or web servers for me
09:15 PM Tom_L: guess what happened?
09:15 PM zhanx: it leaked
09:16 PM Tom_L: and ruined alot of stuff
09:16 PM zhanx: yep
09:16 PM Tom_L: so the church knows who to sue
09:16 PM Tom_L: just like aircraft part accountability
09:16 PM zhanx: minor question, did you have to go to court also, or the rep?
09:16 PM Tom_L: no
09:17 PM Tom_L: i wasn't part of it
09:17 PM zhanx: k, i ask due to it taking your time etc
09:18 PM Tom_L: i stopped doing work at the air base here. it got to where they wanted to know more about me than it was worth
09:19 PM zhanx: see for me, they already know it
09:19 PM Tom_L: i know, it's different for you
09:20 PM Tom_L: if i did alot for them it would have been different
09:20 PM Tom_L: business is about making money and if you can't, cut your losses and move on
09:21 PM zhanx: for me i need to get this done so AT&T can contract me better
09:21 PM zhanx: if not they will drop me
09:21 PM zhanx: granted i have 8 months to get compliance
09:22 PM Tom_L: my bud went thru the whole ISO9000 thing for boeing and got nothing back
09:23 PM zhanx: i don't need ISO9000 but i need a few more things
09:23 PM Tom_L: that was a long time ago
09:23 PM zhanx: i also need to take a few more of their training courses to check the blocks for them
09:24 PM Tom_L: i'm encouraging my kid to do similar
09:24 PM Tom_L: get all the 'titles' you can as you go
09:24 PM zhanx: my big hit right now to them is a safety program
09:24 PM Tom_L: i took a OSHA10 class but i'll never use it
09:24 PM zhanx: most people never will
09:25 PM Tom_L: it's paper in hand
09:25 PM zhanx: yep my last OSHA was like 7.5 or something
09:25 PM zhanx: hazmat stuff
09:25 PM Tom_L: that was part of it yes
09:26 PM Tom_L: i don't remember much about it :)
09:26 PM zhanx: heck i have a lock out tag out kit
09:27 PM zhanx: I am hoping to get Corning Glass work
09:27 PM zhanx: but i want to get all the business stuff right first
09:28 PM Tom_L: the govt stuff, pay on time. they won't tell you it's due, they'll just send you a fine
09:28 PM zhanx: also when i am right with the business crap, the local hospital IT director can hire me finally to fix stuff he can't hire people to do
09:28 PM zhanx: yep
09:29 PM zhanx: this year i hope to post a loss not a gain
09:29 PM zhanx: but now my wife is like wow that is how people commit tax fraud so easy
11:23 PM zhanx: Tom_L, wonder hwo the SMA person is gonna take a blue marker as a writing tool, could not find a pen to take notes