Business Restructuring

Business Restructuring

From Lynn Wright

I am raising money to restructure my business from a Sole Proprietorship to a C Corporation. I need money to file my incorporation paperwork. I will issue you Preferred Stock in my company for your donation.

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Hello and welcome to my page! I started doing taxes in 2004 as a side gig while i worked and went back to college. I've always done taxes on the side to supplement my income. In July 2019, I moved back to Houston, Texas to help my sister after she broke her neck and leg in a car accident. I was working as a Lyft driver part time to supplement my income until my car was totaled due to flood waters from Tropical Storm Imelda in September. When tax season started, I was able to make enough money to get my own place and I was hoping to do enough business to buy another car...then the pandemic hit. I applied for an EIDL through the SBA.  I was denied but I did eventually receive a $1000 grant but I had to scramble to open a business checking as they would not deposit the funds into my personal account. The COVID-19 pandemic taught me that it is important to have your business structured correctly so you can separate your finances and build business credit. While I am looking to take on more tax clients as well as bookkeeping clients, I need to get my business restructured. I have clients who have not been able to pay me for my services (due to COVID-19) and the IRS is slowly processing tax returns which is holding up additional business funds. The filing fee to incorporate your business in Texas is $300. In addition, I will have to pay someone to write my Articles of Incorporation. This is why I am trying to raise the funding. I am willing to give anyone who donates shares of preferred stock in my company equal to your donation once it is formed and we start issuing stock. I have suggested giving levels, but honestly any donation is appreciated.

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