Greenguy's Board - View Single Post - Got my FSC re-up yesterday

juggernaut · 2006-05-21, 11:43 PM

Last year I did not have a problem with the $300. In fact I really dont have a problem with it this year. The problem I have is the way it's screwed up. I just stood up my cam site last year a few months before all this 2257 and honestly it scared this shit out of me. I knew I could never met the requirements they were asking. Hell even the big boys with $$ backing could not meet those requirements. So this made me run and join. Part of me felt good about it afterwards. But I was very confused as to what I needed to pay. I was asked how many sites I had. At the time I had 4 and was told I would need to pay $300, then I came here and saw some other WM who had many more then me were paying only $50. Ok no problem, I just wanted to make sure I was in the FSC and the $300 was fine. I was not going to call and request my money back because I dont think at the time anyone was really sure what the charge was, not even the people as the FSC. But this is from their site and from what I read it's $50 for me. I dont own a dance club or anything that has a physical location. I do find it interesting that the price is now $500 for "Internet and Online Businesses and Sole Proprietors".
How do you tell the difference between a sole proprietor or individual professional? Both can write off expenses like cell phones, software, etc. The only difference I know of between the two is one took the time to register a business name. Both can still be sued and are not protected like a LLC or Inc. I just got done with my taxes and according to my accountant, for online businesses it really does not matter if you are a sole or professional. If you make over $600 for the year the IRS just wants you to pay the taxes. It's just very confusing at times.

Corporation/Company: (Includes LLCs, Small Businesses, Sole Proprietors, & Contractors) Manufacturers, Production Companies, Distributors, Internet and Online Businesses, Websites, Mail Order, & Industry Support Services (see next page for membership levels)
Talent Agencies, Law Firms $500
Dance Clubs, Retail/Rental Stores (physical locations) $300 per site
Individual Industry Employee/Professional/talent $50 per person
Individual Consumer/Fan (Associate) $25 per person

2006-05-21, 11:43 PM	#10
juggernaut Registered User Join Date: Apr 2005 Location: Central Jersey! If I was rich and powerful I would dress as my avatar does. Posts: 1,448	Last year I did not have a problem with the $300. In fact I really dont have a problem with it this year. The problem I have is the way it's screwed up. I just stood up my cam site last year a few months before all this 2257 and honestly it scared this shit out of me. I knew I could never met the requirements they were asking. Hell even the big boys with $$ backing could not meet those requirements. So this made me run and join. Part of me felt good about it afterwards. But I was very confused as to what I needed to pay. I was asked how many sites I had. At the time I had 4 and was told I would need to pay $300, then I came here and saw some other WM who had many more then me were paying only $50. Ok no problem, I just wanted to make sure I was in the FSC and the $300 was fine. I was not going to call and request my money back because I dont think at the time anyone was really sure what the charge was, not even the people as the FSC. But this is from their site and from what I read it's $50 for me. I dont own a dance club or anything that has a physical location. I do find it interesting that the price is now $500 for "Internet and Online Businesses and Sole Proprietors". How do you tell the difference between a sole proprietor or individual professional? Both can write off expenses like cell phones, software, etc. The only difference I know of between the two is one took the time to register a business name. Both can still be sued and are not protected like a LLC or Inc. I just got done with my taxes and according to my accountant, for online businesses it really does not matter if you are a sole or professional. If you make over $600 for the year the IRS just wants you to pay the taxes. It's just very confusing at times. Corporation/Company: (Includes LLCs, Small Businesses, Sole Proprietors, & Contractors) Manufacturers, Production Companies, Distributors, Internet and Online Businesses, Websites, Mail Order, & Industry Support Services (see next page for membership levels) Talent Agencies, Law Firms $500 Dance Clubs, Retail/Rental Stores (physical locations) $300 per site Individual Industry Employee/Professional/talent $50 per person Individual Consumer/Fan (Associate) $25 per person Last edited by juggernaut; 2006-05-21 at 11:53 PM..