Thursday, November 6, 2014

Hello!   So this is my first attempt at blogging!   So here goes....


In class we are talking about business entity selection.   Basically talking about different type of legal organizations from sole proprietorship to S or C Corps and LLCs.   I currently have a sole proprietorship business but  I have been looking at possibly starting a new small company so this was interesting materials.   Based on what was provided,  I believe the LLC would be the best choice for me for several reasons:



1.  Offers limited liability.
2.  Pass thru taxes to my individual returns.
3.  Can be managed by myself or other manager in the future.
4.  Can add additional members and capital at later date.


Any thoughts?