Comments on: Should I renew my LLC, or start a new one? http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/05/renew-llc/ Editors from FSB magazine answer your pressing small-business questions. Thu, 05 Nov 2009 16:07:19 +0000 http://wordpress.com/ hourly 1 By: Uno Smith http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/05/renew-llc/#comment-1470 Uno Smith Tue, 03 Feb 2009 21:08:36 +0000 http://askfsb.wordpress.com/?p=402#comment-1470 Stick with the shelf LLC. your credit ratings will be a big plus. Stick with the shelf LLC. your credit ratings will be a big plus.

]]> By: tmore, Oostende, Belgium http://smallbusiness.blogs.cnnmoney.cnn.com/2008/08/05/renew-llc/#comment-846 tmore, Oostende, Belgium Sat, 16 Aug 2008 13:28:02 +0000 http://askfsb.wordpress.com/?p=402#comment-846 Hi, that is a good question, but the company that you start did you operate it till now or you registered it and that was the end of the road? Well your question has two facets. First, if you operated it till now then you are better off renewing your license. Why am I saying this? its because most existing companies have a higher name recognition percentage than new ones and the brand (goodwill) might worth more than $250. Second, if you registered your business and it never operated you are better of registering a new one, in this case you have no brand equity and thus no Goodwill. Am not suggesting that you registered your business and never operated it, am just looking at it the way you presented it. About the S-corp issue try this http://www.answers.com/main/ntquery?s=S-corp&gwp=13 Hi, that is a good question, but the company that you start did you operate it till now or you registered it and that was the end of the road?

Well your question has two facets. First, if you operated it till now then you are better off renewing your license. Why am I saying this? its because most existing companies have a higher name recognition percentage than new ones and the brand (goodwill) might worth more than $250.

Second, if you registered your business and it never operated you are better of registering a new one, in this case you have no brand equity and thus no Goodwill.

Am not suggesting that you registered your business and never operated it, am just looking at it the way you presented it. About the S-corp issue try this http://www.answers.com/main/ntquery?s=S-corp&gwp=13

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