Consulting/LLC or Corp Experience

[Carl Parrish]

On Mon, 2002-04-22 at 08:11, William Lindley wrote:
> On 22 Apr 2002, Carl Parrish wrote:
> > Oh the other reason NOT to choose LLC is if you expect to do out of
> > state work.
> 
> Could you elaborate on this?  As an LLC I don't know whereof you speak.
> 

If I recall correctly. A LLC is only registered in the state in which
you file. And so the protection that it offers (in terms of liability)
is only good for AZ. Where as a C-corp or S-corp while registered with
your state's Corporation Commission, has to be recognized by anyone in
the nation. The Small Business Resource Guide (which you can get free
from the Small Business Administration). Gives details on this. 

Carl P. 


> When I incorporated as an LLC, my lawyer said I could continue to file a
> Schedule C (self-employment) on my IRS 1040 and there wouldn't be anything
> else to do.
> 
That's why they are *much* easier to do than any corporation. 

Carl P.