Would it be better to file a partnership or an LLC if opening a small web company?

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Would it be better to file a partnership or an LLC if opening a small web company?

3 people involved in equal amounts.

2007-07-22 16:02:46 · 2 answers · asked by andrew p 2 in Business & Finance ➔ Small Business

2 answers

Partnerships are almost always a mistake. What happens, for example, of one partner wants out, and the other 2 can't afford to buy him out? Anyone who advises you otherwise doesn't really understand business. Check with a local accountant. Your best choice is either an LLC or s-Corporation.

2007-07-22 16:15:07 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋

Partnership

2007-07-22 23:10:54 · answer #2 · answered by just me 5 · 0⤊ 1⤋