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goldman · 04-12-2005, 11:27 PM

i have done quite a quite a bit of research (through uni) towards using llc's, partnerships, trusts , QC's etc..

it is in context of NZ law. but it should be quite similar to US cause we have the same sort of system (both of us got fucked on by the english)...

LLc: main benifit is the whole issue of limited liability. in terms of of taxes its not as good as partnerships of QC's.i think in the us they charge a special tax on sole traders hence many people can save on tax by forming companies or partnerships.. plus when u start a company all revenue has to be accounted for ie u cant just take money from the company account and buy lunch...

i cant realy give u can any good advise as to whats the best option are, as i dont know why u want to set up a llc (for preventing liability or tax) and what ur business is or ur liabilites are....

04-12-2005, 11:27 PM
goldman Confirmed User Join Date: Nov 2004 Location: nz Posts: 212	i have done quite a quite a bit of research (through uni) towards using llc's, partnerships, trusts , QC's etc.. it is in context of NZ law. but it should be quite similar to US cause we have the same sort of system (both of us got fucked on by the english)... LLc: main benifit is the whole issue of limited liability. in terms of of taxes its not as good as partnerships of QC's.i think in the us they charge a special tax on sole traders hence many people can save on tax by forming companies or partnerships.. plus when u start a company all revenue has to be accounted for ie u cant just take money from the company account and buy lunch... i cant realy give u can any good advise as to whats the best option are, as i dont know why u want to set up a llc (for preventing liability or tax) and what ur business is or ur liabilites are.... __________________ SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, you may use a 624x80 instead of a 120x60. Let me repeat... A 120 x 60 button and no more that 3 lines of DEFAULT SIZE AND COLOR text.