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re: Please help direct me on business set up
Posted on 7/13/13 at 1:03 am to hugo
Posted on 7/13/13 at 1:03 am to hugo
It would be advantageous for you to set up a formal entity to shield yourself personally from liability.
From what you've offered so far, an LLC may be a good option for you.
The other posters are correct; the taxation aspect and the shielding liability aspect are two distinct conversations you need to have with your CPA and attorney, respectively.
The good news is your situation is one that is very common and it should not be much trouble to set you up in a good position.
From what you've offered so far, an LLC may be a good option for you.
The other posters are correct; the taxation aspect and the shielding liability aspect are two distinct conversations you need to have with your CPA and attorney, respectively.
The good news is your situation is one that is very common and it should not be much trouble to set you up in a good position.
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