My Account
Sign up, and you'll be able to ignore users whose posts you don't want to see.
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Oct 6, 2024
2:24
:41
pm
Real Men Wear Blue
All-American
Multi-member will provide more creditor protection. Forming an S-corp is a
Bad idea because the sole benefit offered by an S-corp is it's taxation, and an LLC can elect subchapter S taxation.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
Real Men Wear Blue
Bio page
Real Men Wear Blue
Joined
Jul 12, 2007
Last login
Oct 6, 2024
Total posts
14,099 (233 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
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
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