View Single Post
Old 08-01-2008, 03:24 AM  
fuzzylogic
Confirmed User
 
fuzzylogic's Avatar
 
Join Date: Jun 2004
Location: buffalo, las vegas. icq: 285808879
Posts: 4,796
Quote:
Originally Posted by After Shock Media View Post
This is where a CPA will do you wonders. Each has its own reasoning. One owning it can take advantage of depreciation with taxes, while another way would be it paying for the use of such items. It is and can get highly complicated. As it stands do you even have reasoning of picking a LLC over another type or did you go with what was cheapest or looked the simplest?

Then what is the likelihood that your LLC or anything else would end up sued or going bankrupt while owing creditors? When you do speak with a CPA have them also explain the whole veil thing and how to keep it intact to prevent piercing if your concerned about your personal assets versus the LLC's assets.

ohh... i dont think there is a high chance of going bankrupt or being sued, but i think i want my assets secured anyway.
fuzzylogic is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote