2006-12-26 14:16:57 · 4 answers · asked by Devil Dog 2 in Business & Finance ➔ Taxes ➔ United States
the below site gives many answers you may be seeking
it give advice and pros and cons
2006-12-26 14:19:52 · answer #1 · answered by G L 4 · 0⤊ 0⤋
The advantages to forming an LLC are for Legal reasons and not Tax reasons.
A single person LLC is taxed the exact same way as a sole proprietorship.
2006-12-26 14:31:51 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋
With an LLC, if you get sued you wont have to be personally liable
Read this for more information
http://finance-information.blogspot.com/2006/12/benefits-of-llc-limited-liability.html
2006-12-26 14:21:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋
the best overview of the llc advantages and disadvantages..
really good thread
2006-12-26 17:08:07 · answer #4 · answered by TaxGuru 2 · 0⤊ 0⤋