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11-22-2008, 10:17 AM
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#1 |
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Registered User
Join Date: Nov 2008
Posts: 4
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Forming a Legal Entity...
Hi everyone.
I have a question most of you have probably dealt with. I'm preparing to set up an LLC as a legal entity to protect myself in the event of any legal mishaps. Not that I'm planning on having any, but I suppose it happens. Who understands the difference in clear language between filing C corp or S corp status within an LLC? It seems that an S corp is better financially if you are just an individual running a business. Any takers? Art |
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11-22-2008, 02:46 PM
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#2 |
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Too lazy to set a custom title
Industry Role:
Join Date: Mar 2003
Location: Homeless
Posts: 62,911
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An S Corp is not only cheaper to set up, but it involves a lot less work on you. Honestly you can most likely find a pretty good answer in wikipedia.com
Most people in Adult go with either a LLC or an S Corp. I personally have a Scorp.
__________________
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11-22-2008, 04:15 PM
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#3 |
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Confirmed User
Join Date: Aug 2008
Location: longwood, fl
Posts: 421
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s corp is way the way to go and safer then an llc.
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11-22-2008, 09:40 PM
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#4 |
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Confirmed User
Industry Role:
Join Date: Jul 2001
Posts: 3,766
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Hey there, good place to use is www.incorporate.com.
__________________
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