If this is your first visit, be sure to
check out the FAQ by clicking the
link above. You may have to register
before you can post: click the register link above to proceed. To start viewing messages,
select the forum that you want to visit from the selection below.
You have a number of choices. You may want to check out an L.L.C because you would be keeping the books the same. Or you could check out an S-Corp.
"The LLC has a number of advantages over an S corporation, as outlined below. However the S corporation has a significant advantage over the LLC. That is, shareholders of an S corporation can reduce or eliminate their self-employment tax on their distributive share of income of the S corporation. The manager of the LLC cannot. This is the principal reason a business may choose a S corporation over an LLC."