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View Full Version : WHICH TO FILE AS?


JMM0254
10-08-2007, 08:52 AM
Looking at filing in my state, but unsure which is best for this industry. Any suggestions? I was looking mostly at the LLC as it affords what is needed I believe, however, it is costlier than the S Corp., which also offers a lot of what I think I need. I have a family owned company.

Steve
10-08-2007, 12:48 PM
What are you looking for this to do for you? What are the important factors you are considering when making this decision?

JMM0254
10-09-2007, 08:28 AM
Tax consideration, protection both personal and business related.

pnplawn
10-09-2007, 09:20 AM
LLC is the way to go Or just Inc

pmblair
10-09-2007, 10:51 AM
LLC is DEFINATELY the way to go...

If you're not LLC and something EVER happens, not only can they sue your company, if there's not enough in the company to satisfy their claim, they can go after your personal assets as well.