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.
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...
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!
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.
Thanks Lee - I will check it out.