jjones4574
New member
I am planning on Inc. my buisness this week, Which one is better to go with LLC or Inc.? Thank you Jeff
LLC or INC.?
- Thread starter jjones4574
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DJ Carroll
Member
depends on what you what
ckingclean
Cleaning with Aloha
Do you have employees? If you do and pay them legally, a Inc. can save you some money because you can write off your salary.
If you do not have legitimate employees, a Inc. is technically illegal. It is also a lot more paper work and cost in doing your taxes. A lot of people incorporate when they don't have employees, but the IRS has recently set up new ways of catching these illegal corporations when it comes tax time.
Do you have a good accountant? This is the person to talk to. I mean someone who is thinking of your best interest, not someone that just wants to take your money to set up a corporation.
If you do not have legitimate employees, a Inc. is technically illegal. It is also a lot more paper work and cost in doing your taxes. A lot of people incorporate when they don't have employees, but the IRS has recently set up new ways of catching these illegal corporations when it comes tax time.
Do you have a good accountant? This is the person to talk to. I mean someone who is thinking of your best interest, not someone that just wants to take your money to set up a corporation.