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07-20-2006, 02:17 PM
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#1 |
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Bland for life
Industry Role:
Join Date: Nov 2004
Posts: 10,468
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LLC vs. S-Corp
Pro's Cons of each. Which is better suited for what type of person?
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07-20-2006, 02:22 PM
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#2 |
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Confirmed User
Join Date: Nov 2002
Location: Sunny California
Posts: 26,053
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icq 1904905 |
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07-20-2006, 02:24 PM
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#3 |
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Bland for life
Industry Role:
Join Date: Nov 2004
Posts: 10,468
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thanks Ice
the taxes on the S-Corp are inviting...but the stricter rules deter me.
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07-20-2006, 02:26 PM
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#4 |
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Bland for life
Industry Role:
Join Date: Nov 2004
Posts: 10,468
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Seems like everyone on the net uses the same old tired article.
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07-20-2006, 02:32 PM
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#5 |
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Confirmed User
Join Date: Jan 2005
Location: Florida
Posts: 385
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I've been looking for a read like that, good one too... thanks
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-- Promote MetalCash.com -- |
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07-20-2006, 02:32 PM
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#6 |
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Bland for life
Industry Role:
Join Date: Nov 2004
Posts: 10,468
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Too late in the week for a business thread....I understand
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07-20-2006, 02:52 PM
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#7 |
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Confirmed User
Join Date: Jul 2004
Location: SW Florida
Posts: 916
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I have one of each.
S-Corps are typically of the sole-proprietor variety of entities and LLC's are advantageous as partnerships. And, for me, the only reason I have the LLC is because my partner is a foreigner. You can't have share holders who are not US citizens or resident aliens with an S-Corp. Taxation wise, S-Corp is a better deal than an LLC, for me at least. Now, go get an accountant as your circumstances are unique, no matter what you think.
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ICQ: 148.167.599 |
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07-20-2006, 02:58 PM
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#8 | |
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Old broad
Join Date: Oct 2002
Location: Away
Posts: 13,933
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Quote:
8char |
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07-20-2006, 03:10 PM
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#9 |
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Ryde or Die
Industry Role:
Join Date: Dec 2002
Location: California-Shanghai
Posts: 19,568
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which one is better for asset protection? in case of lawsuits etc
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