TheViking
Targeted
OK looking to get my business up and running in the next year but before I get my EIN I need to decide LLC or Sole Proprietor. Any major advantage to either in taxes or daily operation?
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LLC or Sole Proprietor
- Thread starter TheViking
- Start date
BigBoy70
Active Member
IMHO, The people to best answer your question, your going to have to pay...
When setting up my business, I had to pay for a few hours of my attorney's time, and one hour of time to my accountant.
It saved me a lot of headaches, time, and not to mention money in the long run. Plus I was able to incorporate their advise and knowledge into my business plan/model.
When setting up my business, I had to pay for a few hours of my attorney's time, and one hour of time to my accountant.
It saved me a lot of headaches, time, and not to mention money in the long run. Plus I was able to incorporate their advise and knowledge into my business plan/model.
cullman
Well-Known Member
I just switched from a Inc. to a LLC with my business, just like BigBoy said, talk to a good lawyer and accountant, they can save you a lot of $$$ and time so you can set it up the right way from the start!
gasman
Well-Known Member
Contact your small business admin office. A lot of free advice and legal info. Google it and read up. I spent weeks reading up and they offer free classes and have a lot to offer you. :
http://www.sba.gov
http://www.sba.gov
machen4x4
Well-Known Member
I just did the LLC last week, lawyer cost me about $ 425
