2007-10-27 08:00:48 · 2 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
LLC or S Corp. I see no advantage in a C Corp. Speak to a CPA about your particular circumstances. Good advice from a reputable CPA will repay you many times over.
2007-10-27 08:05:07 · answer #1 · answered by skip 6 · 1⤊ 0⤋
The best entity tax-wise would be to hold the investments yourself. The benefits of an LLC or Corp -- limitation of personal liability -- really don't account for much in a holding company. The fees and costs would be lowest in most cases simply by holding the assets as a Sole Proprietor.
Although a single member LLC is a disregarded entity for Federal tax purposes, state treatment difffers significantly. Some treat all LLCs as a corp, with the usual minimum excise taxes and corporate information filing requirements of any corporation. Those state required excise taxes and filing requirements can add significantly to the cost.
2007-10-27 16:09:53 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋