What type of company are you?
Hey all,
I'm looking to set things up with my accountant before the end of February, with a new company name that I'm about to register.
I'm under the impression that operating as an LLC is better for tax purposes, and of course even better if you own offices/physical stock or substantial assets.
However, many folks tell me that a sole trader company is adequate, particularly for low level business (under $100k per year).
What are your experiences on this?
Thanks,
P.S - Of course, my accountant should be able to provide advice, but it's nice to see what people in our arena do.
I'm looking to set things up with my accountant before the end of February, with a new company name that I'm about to register.
I'm under the impression that operating as an LLC is better for tax purposes, and of course even better if you own offices/physical stock or substantial assets.
However, many folks tell me that a sole trader company is adequate, particularly for low level business (under $100k per year).
What are your experiences on this?
Thanks,
P.S - Of course, my accountant should be able to provide advice, but it's nice to see what people in our arena do.
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