Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Learning
Photography Business
LLC vs. Sole Proprietorship
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="riverside" data-source="post: 168071" data-attributes="member: 14054"><p>LLC liability indemnity varies by state. If you don't think a lawyer will include you as an individual in a civil lawsuit against the actions of your LLC which you personally performed, you're fooling yourself. I have/had LLCs in four different states and none exempt the LLC manager/owner from state or muni tax liability. Be it proprietorship, LLC or corporation, you have the same administrative overhead with bookkeeping and tax filing. </p><p></p><p>See a lawyer and then a CPA in your state to determine which business entity best suits your purpose. Don't just pick them at random, get referrals from people who have long experience with their services. It'll be well worth the few hundred dollars and peace of mind.</p></blockquote><p></p>
[QUOTE="riverside, post: 168071, member: 14054"] LLC liability indemnity varies by state. If you don't think a lawyer will include you as an individual in a civil lawsuit against the actions of your LLC which you personally performed, you're fooling yourself. I have/had LLCs in four different states and none exempt the LLC manager/owner from state or muni tax liability. Be it proprietorship, LLC or corporation, you have the same administrative overhead with bookkeeping and tax filing. See a lawyer and then a CPA in your state to determine which business entity best suits your purpose. Don't just pick them at random, get referrals from people who have long experience with their services. It'll be well worth the few hundred dollars and peace of mind. [/QUOTE]
Verification
Post reply
Forums
Learning
Photography Business
LLC vs. Sole Proprietorship
Top
