To incorporate or not to incorporate?

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  • AlienQ - BANNED FOR LIFE
    best designer on GFY
    • Mar 2003
    • 30307
    #1

    To incorporate or not to incorporate?

    LLC?

    S?

    Whats really the best choice?

    S corp if I get employee's? or just go LLC?

    Nevada, Rhode Island?




    I call upon the powers of GFY!
    Opinions advice!

    More Attornies!
    Tags: None
    • JulianSosa
      Confirmed User
      • Aug 2003
      • 3042
      #2
      LLC

        Comment

        • kush
          Confirmed User
          • Feb 2001
          • 3382
          #3
          I like all the bells and whistles that go with an S corp

            Comment

            • Raven
              Confirmed User
              • Jul 2001
              • 6874
              #4
              Originally posted by kush
              I like all the bells and whistles that go with an S corp
              My tax accountant told me to form an 's' corp and I'm happy I did.
              Raven

              ~RETIRED~

                Comment

                • VegasSEGirl
                  Confirmed User
                  • Jun 2004
                  • 267
                  #5
                  Originally posted by AlienQ
                  LLC?

                  S?

                  Whats really the best choice?

                  S corp if I get employee's? or just go LLC?

                  Nevada, Rhode Island?




                  I call upon the powers of GFY!
                  Opinions advice!

                  More Attornies!
                  S Corp. LLC is just a waste of money.


                  Make money with an amateur who is actually HOT and SMART!

                    Comment

                    • VegasSEGirl
                      Confirmed User
                      • Jun 2004
                      • 267
                      #6
                      Oh wait, I forgot to mention that our accountant said an S Corp is useful mainly for people who are making over $100k a year. I'm not sure I agree, but that wasn't a factor in our decision, so I didn't have to work out the numbers.


                      Make money with an amateur who is actually HOT and SMART!

                        Comment

                        • Fukeneh
                          Confirmed User
                          • Mar 2004
                          • 1245
                          #7
                          S-Corp that holds many LLCs. split up and isolate all of your properties whenever possible.

                            Comment

                            • kak_azn
                              So Fucking Banned
                              • May 2004
                              • 3055
                              #8
                              It all depends on what your doing it for?

                                Comment

                                • AaronM
                                  GFY Royality ;)
                                  • Oct 2001
                                  • 46917
                                  #9
                                  This is what attorneys and accountants are for.

                                    Comment

                                    • FreeHugeMovies
                                      Too lazy to set a custom title
                                      • Dec 2001
                                      • 14141
                                      #10
                                      "S" Corp here!

                                        Comment

                                        • AlienQ - BANNED FOR LIFE
                                          best designer on GFY
                                          • Mar 2003
                                          • 30307
                                          #11
                                          Originally posted by AaronM
                                          This is what attorneys and accountants are for.
                                          Indeed.
                                          Already spoke to a few, looks like LLC for me.

                                          Thats what is being prescribed, but its always interesting to hear opinions.

                                          Not going into Franchise or anything so S Corp would just be silly at this stage.

                                            Comment

                                            • AaronM
                                              GFY Royality ;)
                                              • Oct 2001
                                              • 46917
                                              #12
                                              Originally posted by AlienQ
                                              Indeed.
                                              Already spoke to a few, looks like LLC for me.

                                              Thats what is being prescribed, but its always interesting to hear opinions.

                                              Not going into Franchise or anything so S Corp would just be silly at this stage.
                                              Based on what I know about your business....I fully agree.

                                                Comment

                                                • Mr.Fiction
                                                  Confirmed User
                                                  • Feb 2002
                                                  • 9484
                                                  #13
                                                  Originally posted by AaronM
                                                  This is what attorneys and accountants are for.
                                                  Wrong.

                                                  This is what GFY is for. You can save a lot of money by using GFY for legal advice instead of wasting your money on a lawyer or accountant.
                                                  Don't be lazy, protect free speech: ACLU | Free Speech Coalition | EFF | IMPA

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