Thread: S Corp or LLC
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Old 01-18-2007, 04:45 AM  
Barefootsies
Choice is an Illusion
 
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Join Date: Feb 2005
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Quote:
Originally Posted by xxweekxx View Post
im leaning towards LLC... easier to do paperwork and stuff.. do you guys pay quarterly tax to IRS?
If you are turning a profit, you are supposed to.

If you take a loss your first year, you do not have to. But as soon as you have a profitable year, then you have to from then on.

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