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#2
09-18-2003, 04:07 AM
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 Re: LLC vs corporation "mm817" <miskell2[at]insightbb.com> wrote: - quote - > "Justin Green" <justin[at]cjteam.com> wrote:
In some states its *HIGHER*.> > "llama" <fake[at]do_notuse.com> wrote: > > > What, in a nutshell, is the difference between a corporation > > > (C or S) and an LLC electing to be taxed as a corporation (again > > > C or S)? > > A lawyer may be better able to answer this, but for > > liability purposes, I think you're better protected. > > Failing to keep your corporate minutes up to date and other > > filings and paperwork issues could puncture the "corporate > > veil" whereas they don't with an LLC. > There may be franchise tax savings. Some states have a > different calculation for the franchise fees. LLC may be > lower that a corporation. -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
09-17-2003, 04:16 AM
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| Re: LLC vs corporation "Justin Green" <justin[at]cjteam.com> wrote: - quote - > "llama" <fake[at]do_notuse.com> wrote:
There may be franchise tax savings. Some states have a> > What, in a nutshell, is the difference between a corporation > > (C or S) and an LLC electing to be taxed as a corporation (again > > C or S)? > A lawyer may be better able to answer this, but for > liability purposes, I think you're better protected. > Failing to keep your corporate minutes up to date and other > filings and paperwork issues could puncture the "corporate > veil" whereas they don't with an LLC. different calculation for the franchise fees. LLC may be lower that a corporation. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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09-14-2003, 11:10 PM
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| Re: LLC vs corporation "llama" <fake[at]do_notuse.com> wrote: - quote - > What, in a nutshell, is the difference between a corporation
A lawyer may be better able to answer this, but for> (C or S) and an LLC electing to be taxed as a corporation (again > C or S)? liability purposes, I think you're better protected. Failing to keep your corporate minutes up to date and other filings and paperwork issues could puncture the "corporate veil" whereas they don't with an LLC. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
09-12-2003, 12:16 AM
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| LLC vs corporation What, in a nutshell, is the difference between a corporation (C or S) and an LLC electing to be taxed as a corporation (again C or S)? thanks, andrew << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| corporation, llc |
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