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To: Frantzie

The S-corp/LLC decision depends on several factors, such as the nature of your business (LLCs are generally better if the corp has passive income), how many other people will be investing, the funding mechanism, etc. A good attorney can be expensive, but the cost would no doubt be less than the expense of a lawsuit over a bad incorporation.

(No, I’m not an attorney. I have gone through incorporating a business, though.)


6 posted on 12/15/2009 7:43:06 PM PST by oblomov
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To: oblomov

Thanks. The investment holding will use the LLC.

The operating service company will have no other investors.

May need to go see the attorney.


8 posted on 12/15/2009 7:53:49 PM PST by Frantzie (Judge David Carter - democrat & dishonorable Marine like John Murtha.)
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