Converting Sole Proprietorship to LLC, & S-Corp

[bob vawter]

Why do people make things so hard?

If SOMETHING never got hard......
YOU would would never be here...

 

[hogjowl]

Ok Nate

 

[Desk Jockey]

Wow grumpy, you got coal for Christmas didn't you?

 

[Fat Mike]

Wow grumpy, you got coal for Christmas didn't you?

No blue pills?

 

[Thecrew]

Talk to a lawyer also. It’s not just tax liability but your personal liabilities. That also depends on actual revenues you bring in. I’d hate for one of my businesses to cause me to lose personal assets

Thanks again for the feedback, much appreciated.

 

[Thecrew]

I waded through all that well some. First of all, LISTEN to you accountant, he telling you straight. The S Corp will save you thousands, if you make that much in self employment tax. Everything funnels through the Corp. and you pay tax on profit. You’re able to expense more off as an S Corp. DO IT!!!!!!!

Thanks for the feedback, much appreciated.