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how and why..

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how and why..

Post by Matt; My carpet cleaner on Fri Jan 12, 2018 6:33 pm

How is your biz set up for legal structured? Sole prop, LLC, other?

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Re: how and why..

Post by milspec6 on Fri Jan 12, 2018 7:32 pm

LLC, but it really doesn't protect you much more than being a Sole Prop....since you are the one doing the work. If you are behind the desk with employees providing the service, it is a whole different matter.
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Re: how and why..

Post by Freemind1 on Fri Jan 12, 2018 9:43 pm

Sole proprietor.

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Re: how and why..

Post by Mo on Tue Jan 16, 2018 9:56 am

Sole prop her as well. Never spoken to a pro about the other options though. There may be some tax savings with the other options at least that what I've heard
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Re: how and why..

Post by milspec6 on Tue Jan 16, 2018 10:12 am

There are some Mo if one chooses to run the LLC as an "S-corp", but for most of us it wouldn't be worth it in my view. If you had several employees and a shop / office then it might be.
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