If I am looking at opening a retail pet store what business type would be best? Like C-corp, S-corp, LLC, Sole Prop. Etc...
2007-10-14 16:42:30 · 3 answers · asked by Hotsauce 4 in Business & Finance ➔ Small Business
I would stay away from the C Corp. It is set up for large corps. and it is very difficult for you to take your money out of.
A S Corp, works very well for your purposes. A sole propriotrship is good too, but it does not give you and ability to take on partners or investors. The LLC is really good if you have limtied partners.
My advise is the S. Corp. It provides you with easy means to report your income, gives you the corporate vail of protection and is easyily managed if you want to sell shares of the company to investors.
2007-10-15 01:32:45 · answer #1 · answered by satrurn1256 2 · 0⤊ 0⤋
There are advantages to each, but I'd go for the LLC I think.
2007-10-14 18:17:23 · answer #2 · answered by Elaine M 7 · 0⤊ 0⤋
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2007-10-14 18:07:08 · answer #3 · answered by rolnory z 1 · 0⤊ 1⤋