I'm looking to start a computer service business in South Carolina, and I'm on the fence between choosing an LLC vs. a Sole Proprietorship. What would be best from a tax standpoint?
I’ll initially be working for myself but might eventually hire employees.
This business will be my only source of income, and the main expenses will be advertising (~$2,000 - $10,000) and software purchases ($1,000). The business should bring in about $50k gross the first year.
I will initially be working with home computer owners, although I would like to expand to service other businesses once the company has gained a reputation.
If I’m leaving out important details, please ask and I’ll add them.
Thanks!
2007-09-21
08:18:29
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8 answers
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