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What kind of business are you running?
Posted: October 31st, 2006, 11:33 am
by rottdawg
I am just setting up shop & I am wondering what type of business do you all run. I am thinking about going the LLC route. But I'm not sure if I need to or not. So whats everybody else doing?
Kevin
Re: What kind of business are you running?
Posted: October 31st, 2006, 12:11 pm
by mafsu
S corporation
Re: What kind of business are you running?
Posted: October 31st, 2006, 3:04 pm
by SGT
Sole Proprietor for now. Evaluate your needs and match them to the business model that fits best.
Re: What kind of business are you running?
Posted: October 31st, 2006, 3:40 pm
by StarQuest
This would be a accountant question.
They're both advantages and disadvantages when choosing any business entity.
I personally operate under C corporation but doesn't mean your basic needs would require that.
Re: What kind of business are you running?
Posted: October 31st, 2006, 4:08 pm
by Layne
Sole Proprietor. It has tax advantages here in Teas.
Re: What kind of business are you running?
Posted: October 31st, 2006, 5:24 pm
by Onsite
LLC
Check with your Lawyer or Accountant to see what works best for you.
Re: What kind of business are you running?
Posted: November 1st, 2006, 9:05 am
by dingmedic
LLC . We are both operating members.
Re: What kind of business are you running?
Posted: November 1st, 2006, 9:13 am
by OmNi
LLP - Same as a LLC but under partnership advantages.
Re: What kind of business are you running?
Posted: November 1st, 2006, 11:59 am
by toab
Sole proprietor for now as the losses assosiated with business developement can be written against my fulltime job for a year at which time I have to get going.
Re: What kind of business are you running?
Posted: November 1st, 2006, 4:36 pm
by Starburst Mobile WR
Under our L.L.C. using the D.B.A. Depending on what State your in it's always best to check with your Accountant or Lawyer. They can usually give you the best direction. Notice I said usually:eusa_pray
Good Luck:D