What type of business?

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Oct 6, 2024
12:28:53pm

Archaea Intervention Needed

What type of business?

I would select SCorp election for your LLC and just have one member but place it in your RLT.

Report problem with this ad

Archaea

Bio page: Archaea
Joined: Mar 28, 2001
Last login: Oct 6, 2024
Total posts: 98,939 (3,260 FO)

Report problem with this ad

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

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?

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?

2:04pm

Multi-member will provide more creditor protection. Forming an S-corp is a

Real Men Wear Blue

2:24pm

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad