Ownership question

Inspection Education Topics
1

Is an LLC or Corporation the best? I will be the sole owner.

2

That depends on your personal situation. This is a question best directed to your accountant and attorney.

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3

What Joe said! ^^^^^
Tax accountant! :smile: Not just a book keeper.

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4

As Joe and Brian stated, it’s more related to tax liabilities as opposed to personal liabilities. Being a sole owner of either an LLC or S Corp won’t protect your personal assets. You can learn more by searching “Piercing The Corporate Veil” and what that means.

Good luck either way!

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5

Thank you.

6

Will do, thank you.

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Thank you for the recommendations.

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LLC is generally cheaper… Corporation files it’s own tax return, LLC goes onto your 1040.

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9

Thank you.

Nathan Metzler

(607)280-9913

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Nick Posted this just a few days ago.

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11

Thanks Bert.

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12

Here it is again: Business Decision Maker - InterNACHI®

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It works in Canada as well.

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14

I checked that out and I believe I have the direction needed. Thank you.

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Don’t keep us guessing, please.

What entity are you going with?

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16

As a sole proprietor LLC may not offer any protection of your personal assets. Individual sate laws differ on this - consult an attorney.

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I am using an LLC. I will be using an attorney to help set up the business.

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