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Oct 6, 2024
12:27
:16
pm
JamieTartt
All-American
If you and spouse were buying a business would you buy as a single member LLC or Multi member LLC?
State of Colorado.
Any opinions?
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JamieTartt
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Taccoug
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JamieTartt
Joined
Aug 14, 2016
Last login
Oct 6, 2024
Total posts
7,343 (8 FO)
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Messages
Author
Time
If you and spouse were buying a business would you buy as a single member LLC or Multi member LLC?
JamieTartt
All-American
12:27pm
S Corp
BIG XII Coug
12:28pm
What type of business?
Archaea
12:28pm
Retail. Low liability
JamieTartt
12:30pm
Pay a good lawyer to help decide. It will save you money and headache later.
TailgateU
12:29pm
Do you mean tax lawyer?
Plato
12:37pm
Taxes aren’t that complicated to justify a lawyer. I’m a CPA and understand the differences.
JamieTartt
12:52pm
If the business is going to make a lot of money, a tax lawyer is absolutely
Plato
12:54pm
It’s not crazy money. One state.
JamieTartt
12:55pm
Does Colorado recognize tenancy by the entirety? And does CO law protect T by E
BYUMizzou
12:39pm
What kind of retail?
kapcreations
12:45pm
Brick and mortar (lease) Specialty shoes. $550k sales Spouse may work a few hours. Absentee overall
JamieTartt
12:54pm
Is there any reason to put your spouse on the LLC or not?
Cougrrrs Roll
2:04pm
Multi-member will provide more creditor protection. Forming an S-corp is a
Real Men Wear Blue
2:24pm
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