GoFuckYourself.com - Adult Webmaster Forum

GoFuckYourself.com - Adult Webmaster Forum (https://gfy.com/index.php)
-   Fucking Around & Business Discussion (https://gfy.com/forumdisplay.php?f=26)
-   -   Are you a sole proprietor or LLC/Inc? (https://gfy.com/showthread.php?t=302646)

NinjaSteve 05-27-2004 10:17 AM

Are you a sole proprietor or LLC/Inc?
 
Do you guys basically mix your income with your personal life and finances? Or have you incorporated?

Jon 05-27-2004 10:22 AM

I used to use DBA

pornguy 05-27-2004 10:33 AM

Use an Corporation. It will help add a layer of protection to your home and things like that. If someone sues you, they will go after the company first. If you are properly insured, then most likely they will not make it to your personal things.


Just my :2 cents:

RP Fade 05-27-2004 10:41 AM

S-Corp..

Ice 05-27-2004 10:43 AM

Incorporated here :thumbsup

WiredGuy 05-27-2004 10:43 AM

Corporation. Personal taxes are too high.
WG

tony286 05-27-2004 10:47 AM

LLC

Kassidy 05-27-2004 10:48 AM

Quote:

Originally posted by pornguy
Use an Corporation. It will help add a layer of protection to your home and things like that. If someone sues you, they will go after the company first. If you are properly insured, then most likely they will not make it to your personal things.


Just my :2 cents:

(Pornguy, can you hit me up on icq 111432084? I have a question for you and don't see an icq# or contact email addy anywhere on your program. Thanks!)

Validus 05-27-2004 10:52 AM

S-Corp is a good since you avoid the double taxaction of a C-Corp. Not everybody can become an S-Corp though, there are several restictions that come with it; a limitation on the numbers of shareholders for example. I would also recommend to choose a legal company structure which limits liability and is treated as a seperate entity. The Ltd also offers a very interesting legal frame work.

NinjaSteve 05-27-2004 11:31 AM

Is taxation the same between S-corp and LLC? The details seemed to be about the same.

Shooter 05-27-2004 11:33 AM

LLC

CX* 05-27-2004 11:49 AM

S Corp... accountant found more ways to get write offs than with the LLC i have...

Validus 05-27-2004 11:51 AM

Quote:

Originally posted by NinjaSteve
Is taxation the same between S-corp and LLC? The details seemed to be about the same.
It will not be exactly the same, but as far as I know the answer to your question would be:

No, however it would be very similar.

Please correct me if I am wrong.

AndrewKanuck 05-27-2004 11:51 AM

Inc'd here.

Theo 05-27-2004 12:03 PM

LLC


All times are GMT -7. The time now is 11:50 AM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2025, vBulletin Solutions, Inc.
©2000-, AI Media Network Inc123