b1a35783bb
- Merge Infrastructure + Secure + Systems → SNS Networking (Business #1) - Merge Web + Software + Cloud → SNS Digital (planned) - SNS Support unchanged (planned) - Add infra/ folder with 16 FOSS-first buildable designs - Update all agent knowledge, division briefs, legal structure - Restructure businesses/ from 7 to 3 operating folders
1.5 KiB
1.5 KiB
KNOWLEDGE — Finances (formation)
Current budget
- Business formation budget: $1,000 (current, set by Sam).
- This is the working budget to stand up the entities — not an operating, marketing, or hiring budget. Treat it as a hard ceiling until Sam changes it.
Known Indiana formation costs (from the sns-network-solutions legal-structure.md)
| Item | Cost |
|---|---|
| Form an LLC — Articles of Organization on INBiz | ~$95 each (parent + each subsidiary) |
| EIN (IRS) | Free |
| Registered agent | Free (Sam serves as agent, South Bend address) |
| Operating agreement | Free if self-drafted from templates; attorney review optional (variable) |
| Business Entity Report | ~$32 every 2 years, per entity |
What $1,000 covers
Comfortably: forming the parent Holdings LLC (~$95) and SNS Networking LLC (~$95), with buffer for optional attorney review, a business bank account, and incidentals. It does not stretch to forming all three subsidiaries at once — and it shouldn't (entities are formed only as each begins real work).
Rule for me (Chief)
- Track spend against the $1,000 budget; keep a running sense of what's left.
- Any proposed spend that would materially draw it down, or exceed it → escalate to Sam. Spending money is gated — I never commit funds myself.
- This is not tax/legal/financial advice; entity, tax, and legal questions route to Sam's attorney/CPA.
Update this file when Sam changes the budget or when formation costs are actually incurred.