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#2
06-09-2004, 06:57 AM
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 Re: LLC vs C-Corp "pgt324" <pgt32450[at]msn.com> wrote: - quote - > I'm getting conflicting information about which type of
It depends on more factors than these few; for example, what> entity to set up for my business. Looking at C-Corp vs LLC > - which is better from a tax perspective (assume all income > is active income, no dividends and no retained earnings)? > Which is better from a liability perspective? What if the > business is a partnership? sort of business is it, does it hold real estate, do the owners provide personal services through the company, does it risk being classed as a personal holding company, etc. -- Chris Green << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
06-09-2004, 06:00 AM
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| Re: LLC vs C-Corp pgt324 wrote: - quote - > I'm getting conflicting information about which type of
A C-corp? The corporation is a separate tax paying entity.> entity to set up for my business. Looking at C-Corp vs LLC > - which is better from a tax perspective (assume all income > is active income, no dividends and no retained earnings)? If you are ever going to have any years in which deductions exceed income, you are better off either with an S-corp or some sort of partnership (which includes LLC's, which are really just limited partnerships without a general partner). The real question usually comes down to whether it's better to be in an LLC or an S-corp. - quote - > Which is better from a liability perspective?
They should be about the same.- quote - > What if the business is a partnership?
You are fully liable for everything you or your partners do.Stu << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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06-09-2004, 05:59 AM
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| Re: LLC vs C-Corp "pgt324" <pgt32450[at]msn.com> wrote: - quote - > I'm getting conflicting information about which type of
There is no absolute best answer. This requires that you> entity to set up for my business. Looking at C-Corp vs LLC > - which is better from a tax perspective (assume all income > is active income, no dividends and no retained earnings)? > Which is better from a liability perspective? What if the > business is a partnership? sit down with a professional who can listen to all your concerns and guide to the best fitting solution. -- David M. Woods, EA, ChFC, CLU Woods Financial Services Boston, MA 02109 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
06-06-2004, 08:23 AM
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| LLC vs C-Corp I'm getting conflicting information about which type of entity to set up for my business. Looking at C-Corp vs LLC - which is better from a tax perspective (assume all income is active income, no dividends and no retained earnings)? Which is better from a liability perspective? What if the business is a partnership? Thanks for your comments. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| ccorp, llc |
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