Consulting/LLC or Corp Experience

[Carl Parrish]

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
> ________________________________________________
> See http://PLUG.phoenix.az.us/navigator-mail.shtml if your mail doesn't post
> to the list quickly and you use Netscape to write mail.
> 
> PLUG-discuss mailing list  -  PLUG-discuss@lists.plug.phoenix.az.us
> http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss
> 
> ________________________________________________
> See http://PLUG.phoenix.az.us/navigator-mail.shtml if your mail doesn't post to the list quickly and you use Netscape to write mail.
> 
> PLUG-discuss mailing list  -  PLUG-discuss@lists.plug.phoenix.az.us
> http://lists.PLUG.phoenix.az.us/mailman/listinfo/plug-discuss