tax benefits. That may be why you are confused. Some entities are better if
you are discussing the tax side of it, others are better when discussing the
asset protection side. Your discussion needs to include both sides-which is
the best for you for both sides.
Terry Mixer
If you want to know where the next
emerging real estate market is--see this
http://www.markettimingmaster.com/mixer
Learn how to raise private money
http://www.privatemoneybootcamp.com/mixer
_____
From: entrepreneursathome@yahoogroups.com
[mailto:entrepreneursathome@yahoogroups.com] On Behalf Of ~Jenn, MUIB
Founder~
Sent: Friday, April 25, 2008 2:00 PM
To: entrepreneursathome@yahoogroups.com
Subject: [entrepreneurs] LLC vs S Corp?
I am seeking personal opinions on which avenue to take. We have consulted
with an accountant and have a meeting scheduled with an atty, but we are
finding the answer depends on who you ask.
I run an online organization, that I am going to be making a legal business
entity and wish to expand locally. My husband and I, through local
networking efforts are also in the process of starting an online ad business
locally, as there is a need here. More and more people are seeing the
benefits of networking and advertising online on a local level.
I am unsure which option to choose, an LLC or S Corp? I would prefer to find
a way to run both businesses together instead of having to manage two
separate businesses. Is this possible? Some have suggested using my
organization as the parent company, and the local business as an "umbrella"
company.
The more research we do, the more confused I become, and I can't figure out
the best way to go about this.
I understand that any responses are opinions only, but just seeking out
those that have experience in this area.
Thanks so much!
Jennifer Rogers
Founder Moms United in Business
[Non-text portions of this message have been removed]
[Non-text portions of this message have been removed]
------------------------------------
Need help? Contact Vickie at vics4us@yahoo.com .
http://www.educatingforsuccess.com .
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