Jump to content

S-Corp vs LLC?


 Share

Recommended Posts

Hi all, just wondering if anyone has gone through this dilemma.  As my vending business grows, I'm starting more and more thinking about incorporating.  I've thought about doing LLC, I've seen it offered off LegalZoom however a friend told me that it would be a big mistake and I'll incur more charges than I normally would if I did the incorporation myself.  What he recommended is doing an S-Corp for pass through.  What do you all recommend? Thanks.

Link to comment
Share on other sites

I went with llc. Look up your secretary of states website. They'll have all the documents you'll need, without the extra fees those websites will charge. I did all of mine online and paid $90 I believe to cover the registration fees

Link to comment
Share on other sites

I can't say which is better, depends on your business and needs, but I will say avoid Legal zoom. I used them and regretted it. They're over priced, and for no good reason. Even a licensed CPA can do things cheaper, they could probably answer any questions you have as to which set up is best for you too. 

Link to comment
Share on other sites

  • 7 months later...

I had a local accounting office set me up back in 2010.  It was far easier to let them just tell me what to sign and what to call the business than to do it all myself.  Plus, this particular accountant had experience with setting up vendors so I was instructed to get my transient vendor's license (which I didn't know at the time).  Their expertise, if they have it, is worth every penny they charge.  I think I paid a few hundred bucks in the end.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...