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Therrin · 25th February 2008, 01:20 AM

JCONN,

I know exactly what you mean. Small business, not a bigger operation, and trying to figure all this out.

I figure after a year of running the business as DBA I'll have the ropes down to jump to the S-corp level, for the exact reasons that you and Ekka already stated.

S-corp tax structure is more complex. I'm meeting with a tax guy soon to chat all this over and get some answers about it, since I don't understand all of it. Might pick up a book at Barnes & Noble too, I noticed they've got alot of stuff on this topic.

From what I understand, S-corp has a stronger backed level of seperation and different tax structure than the LLC.
Study up on the legal and tax values of your different choices, and it should become more clear which of them for you to pick after you understand exactly what each one is.

25th February 2008, 01:20 AM	#3 (permalink)
Therrin The Tree World Bandit Join Date: Oct 2007 Location: Lancaster, Ca Posts: 1,420	Re: Type of buisness JCONN, I know exactly what you mean. Small business, not a bigger operation, and trying to figure all this out. I figure after a year of running the business as DBA I'll have the ropes down to jump to the S-corp level, for the exact reasons that you and Ekka already stated. S-corp tax structure is more complex. I'm meeting with a tax guy soon to chat all this over and get some answers about it, since I don't understand all of it. Might pick up a book at Barnes & Noble too, I noticed they've got alot of stuff on this topic. From what I understand, S-corp has a stronger backed level of seperation and different tax structure than the LLC. Study up on the legal and tax values of your different choices, and it should become more clear which of them for you to pick after you understand exactly what each one is.