LLC or INC.
 

Quick question guys. I am growing from a sole propritorship into a limited liability company.
My question is should I go with a Limited Liability Company or a subchapter "s" Corporation.
any feedback would be welcome. I live in New York(if that makes a difference).
D

Re: LLC or INC.
 

Don -

> My question is should I go with a Limited
> Liability Company or a subchapter
> "s" Corporation.

The answer is... it depends. *g* Seriously. There are advantages and disadvantages to both directions. It appears that LLCs are usually cheaper to setup than "S" corps. I had an "S" corp. I'm probably going with an LLC because it's much cheaper in OH. It will probably depend on your state. About a year ago I bought a "kit" to help me with my LLC registration. It's pretty comprehensive. The guy is an attorney and he assembles it for your state. I think it cost me $140 or something like that. Then I found out from an attorney here that you can get most of what you need free from the state. Was I ripped off? Not really. The "kit" explains the process very well and takes you through each stage better than most confusing government documents. I bought the kit from Steven Davidson. I looked for his URL but I couldn't find. Just use Google to search for him.

And please know that the prayers and best wishes of many people in Cleveland are with you in NYC and Washington.

Rick Smith, "The Net Guerrilla"


Guerrilla Product Developer's Home On The Net

Thanks Rick -Re: LLC or INC.
 

Thanks Rick. Your post was very helpfull.
Don