Data Unbound

I just bought a copy of the 2009 New York Times Almanac last night and start wondering whether it would be a good idea to  use the almanac format as a way of structuring some basic collections of facts/information you'd want to have in Freebase.

I will have to get cracking on studying the new Updated Implementing Guidance for the American Recovery and Reinvestment Act of 2009, which came out last Friday, April 3. Here's the news report from recovery.gov on this new set of guidelines:

On April 3, 2009, the Office of Management and Budget (OMB) published Implementing Guidance for the American Recovery and Reinvestment Act of 2009 ("Recovery Act"). This is the second installment of detailed government-wide guidance for carrying out programs and activities enacted in the Recovery Act. This updated guidance supplements, amends and clarifies the initial guidance issued by OMB on February 18, 2009 (Initial Implementing Guidance for the American Recovery and Reinvestment Act of 2009, M-09-10). Updates to the guidance are based on ongoing input received from the public, Congress, state and local government officials, grant and contract recipients and federal personnel.

This morning, I wanted to make some progress on deciding on what type of incorporation I want to pursue for my new business. I spent time looking at

• Attorney, Stephen Fishman. Working for Yourself: Law & Taxes for Independent Contractors, Freelancers & Consultants. 7th ed. NOLO, 2008.
• Weiss, Alan. Getting started in consulting. Getting started in. Hoboken, N.J.: J. Wiley, 2004.
• Pakroo, Peri. Small Business Start-Up Kit for California. 7th ed. NOLO, 2008.
  

My current conclusion: yes, incorporate, but I will need to consult an accountant  and an attorney to figure out which form to establish.  Factors that will play a role:

• which is the best for a small business starting out — I don't want too much overhead
• we need to be able to move between CA and PA
• we need a way to handle health insurance issues
• we need room for growth
• how does business insurance figure in the mix

It's worth studying Fishman more closely to understand the tax differences between LLC, S, and C.