LLC or Corp?

I'm still working on turning my business into a real business and I'm not sure if I should go LLC or Corp.

would love to hear some recommendations...

Im basically selling affiliate products and personally created digital products online.

Along with that I offer web development consulting services. I most likely will not have any employees for a long time and I don't have any physical products being sold.

thoughts?

thanks,

Shawn Ozbun

www.easytechsite.com

www.shawnozbun.com

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Permalink Reply by Lee Smith, ND on May 25, 2012 at 9:10am

If it's just you, then a single member LLC is going to be easier to file your taxes.

They'll roll into your personal 1040 return and you still have the protection of the LLC as a shield against personal assets.

Please do not consider this as legal, financial, or accounting advice...ya da, ya da, ya da...

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Permalink Reply by Mary Kathan on May 25, 2012 at 12:48pm

Got a quiestion on LLC.... I am wondering if you (or anyone reading this) could explain the difference between the

1. LLC - that is a disregarded entity

2. LLC - that is corporate, but owned by just 1 person

Both of these fall under the single person LLC. I know there is an extra page to turn in for #2, but not sure about the legal differences.

Thanks for any info!

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Permalink Reply by Lee Smith, ND on May 26, 2012 at 7:13am

Mary, I don't know about the differences but I did an LLC through LegalZoom at the recommendation of a local attorney who shared that it was a much better value than hiring him. Check their site for FAQ.