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Old 06-24-2004, 10:55 PM   #1
AlienQ - BANNED FOR LIFE
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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!
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Old 06-24-2004, 10:57 PM   #2
JulianSosa
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LLC
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Old 06-24-2004, 11:08 PM   #3
kush
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I like all the bells and whistles that go with an S corp
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Old 06-24-2004, 11:09 PM   #4
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Quote:
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.
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Old 06-24-2004, 11:12 PM   #5
VegasSEGirl
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Quote:
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.
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Old 06-24-2004, 11:14 PM   #6
VegasSEGirl
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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.
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Old 06-24-2004, 11:16 PM   #7
Fukeneh
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S-Corp that holds many LLCs. split up and isolate all of your properties whenever possible.
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Old 06-24-2004, 11:17 PM   #8
kak_azn
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It all depends on what your doing it for?
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Old 06-24-2004, 11:18 PM   #9
AaronM
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This is what attorneys and accountants are for.
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Old 06-24-2004, 11:21 PM   #10
FreeHugeMovies
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"S" Corp here!
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Old 06-24-2004, 11:25 PM   #11
AlienQ - BANNED FOR LIFE
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Quote:
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.
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Old 06-24-2004, 11:26 PM   #12
AaronM
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Quote:
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.
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Old 06-24-2004, 11:31 PM   #13
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Quote:
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.
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