I'm set up as an S-Corporation. it has its advantages but if you would
be the sole stock holder and you would be the only employee I can't
think of a reason you would choose S-corp over LLC. Its both a *lot*
more papper work and more expensive to set up an S-corp. Oh the other
reason NOT to choose LLC is if you expect to do out of state work.
Carl P.
On Mon, 2002-04-22 at 03:01, John Albee wrote:
> Austin,
>
> Do you want to expand your business to include more consultants besides
> yourself? If so, I would suggest setting up a S-Corporation. I won't go
> into what it is because a google search or a quick look thru nolo.com should
> shed some light on what it is. With a Corp. you are required to file
> quarterly with Uncle Sam which is not difficult if your using quickbooks or
> an equivalant. A S-corp can have tax avantages if done properly. Also, an
> S-Corp creates a seperate legal entity for your business transactions which
> is helpful in legal situations. The only additional overhead I can think of
> at the moment is the quarterly taxes and the annual corporate "meeting"(if
> your the sole stock holder, its only a paper formality) which is required by
> the corp. Commission if I remember right. Regardless of which type of
> business setup you choose, you should talk to a lawyer and an accountant for
> more information.
>
> --
> John Albee
> Active Computing, Inc.
> voice: (602)448-4528
> fax: (800) 852-3735
> john@aciaz.com
>
>
>
> -----Original Message-----
> From: plug-discuss-admin@lists.plug.phoenix.az.us
> [mailto:plug-discuss-admin@lists.plug.phoenix.az.us]On Behalf Of Austin
> Godber
> Sent: Monday, April 22, 2002 1:25 AM
> To: PLUG Discuss
> Subject: Consulting/LLC or Corp Experience
>
>
> Hello,
> I was wondering whether anyone on the list has had experience with
> doing independant contracting and using a LLC or some form of
> corporation rather than just doing it as an individual. Are there
> advantages? What additional overhead and expenses? Insurance issues,
> both personal health insurance and job related?
>
>
> Thanks,
> Austin
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