6 replies
We is the right time to form an official company and which is better LLC or a Corporation?
#corporation #llc
  • Profile picture of the author YouWillKnow
    Hi, bigjara. If you are financially able, I totally recommend consulting an internet law attorney before you go forward.

    -Wade
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  • Profile picture of the author MikeTucker
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  • Profile picture of the author agmccall
    Originally Posted by bigjara View Post

    We is the right time to form an official company and which is better LLC or a Corporation?
    For your protection they are about the same, (Consult attorney or accountant for the differences)

    The difference is in the taxes you pay. You could save a substantial amount by forming a corporation sub chapter s (once you form a corporation your accountant can set you up as a sub chapter s)

    I would talk to an accountant to find which one is better for your situation

    al
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  • At least here in the United States you break laws if you answer something like that the law folks paid to buy laws to create a monopoly so normal people are not allowed to give advice, that is going to be more and more future to stomp on competition.
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    • Profile picture of the author Farish
      Originally Posted by HelpingYouBeAnExpert View Post

      At least here in the United States you break laws if you answer something like that the law folks paid to buy laws to create a monopoly so normal people are not allowed to give advice, that is going to be more and more future to stomp on competition.

      Can you show me these laws you are talking about....
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  • Profile picture of the author Jack Gordon
    HelpingYouBeAnExpert is referring to unlicensed practice of law (UPL).

    Doesn't really apply in a situation like this. The point is a valid one though. How are we supposed to advise you on a question like that with no information about your specific situation?

    Assuming you are small, new, not earning too much but growing and have big plans, you most likely want to start as an LLC.

    Get yourself to a small biz attorney and stop being cheap on a subject that if done wrong could wipe you out.
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