{"id":6331,"date":"2015-07-15T15:17:28","date_gmt":"2015-07-15T19:17:28","guid":{"rendered":"http:\/\/nycphantom.com\/journal\/?p=6331"},"modified":"2015-07-15T15:17:28","modified_gmt":"2015-07-15T19:17:28","slug":"key-to-starting-a-legal-business-in-the-states","status":"publish","type":"post","link":"http:\/\/nycphantom.com\/journal\/?p=6331","title":{"rendered":"Key to Starting a Legal Business in the States"},"content":{"rendered":"<p><strong>Terminology:<\/strong> <span style=\"text-decoration: underline;\">Break-even point<\/span> - when profits cover capital (usually a 6 month process, inadvisable to pursue business if break-even point not reached in 2 years).<\/p>\n<p><strong>6 Business Structures:<\/strong><br \/>\n(Personal income tax)<br \/>\n1. Sole Proprietorship2. General Partnership<br \/>\n(Corporations are their own entity\/person, in terms of taxation, etc.)<br \/>\n3. \"C\" Corporation<br \/>\n4. \"S\" Corporation (partnership)<br \/>\n5. LLC (starts to allow foreign members)<br \/>\n6. LLP (partnership)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terminology: Break-even point - when profits cover capital (usually a 6 month process, inadvisable to pursue business if break-even point not reached in 2 years). 6 Business Structures: (Personal income tax) 1. Sole Proprietorship2. General Partnership (Corporations are their own &hellip; <a href=\"http:\/\/nycphantom.com\/journal\/?p=6331\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,3,14],"tags":[],"class_list":["post-6331","post","type-post","status-publish","format-standard","hentry","category-projects","category-technical","category-vocabularies"],"_links":{"self":[{"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/6331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6331"}],"version-history":[{"count":2,"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/6331\/revisions"}],"predecessor-version":[{"id":6333,"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=\/wp\/v2\/posts\/6331\/revisions\/6333"}],"wp:attachment":[{"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6331"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/nycphantom.com\/journal\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}