Thread: LLC or INC

Hello, Well I also started as LLC and later on switched to INC. Initially the things were going smooth but later on it became unsustainable so I quit and now I think I am more content. I even don't visit nay store and do all my shopping online. Recently I bought a men's black blazer and I am satisfied.

Depending on your state, you can find most LLC paperwork online at the secretary of states website. Every state handles this in a different manner but I find that in general the SOS handles it at the state level. Local areas handle permits and occupational licensing. An LLC is normally the easiest of all forms to fill out if you are the only person involved. Most states have a form that is easy to fill out with the LLC name, your name if you...

might be a dumb question but is a LLC costly and where will i go to get one

Your accountant can set one up for you. Or you can use a service like LegalZoom. To do it yourself, do a google search for "starting a business in (your state)." There will be a government site that has all the info and links to the application forms you need to submit. The cost varies per state, but it shouldn't be more than a couple hundred. Obviously, using an accountant or LegalZoom will be more expensive than doing...

I am on my way to get my business of the ground, for now I am a one man operation and see it that way till it turns a profit, so my question is..should it be an LLC or INC if Im doing it on my own?

Ask a pro, but I'm doing an LLC. "Limited Liability" is the main reason (case the north goes south). There are so many reasons to go with one type of infrastructure over the other. You want to ask a corporate lawyer

LLC protects you like a corporation, however it taxes you like sole proprietor. Just depends on how big you plan on getting. Definitely talk to your accountant or an attorney before finalizing your decision.

My opinion would be LLC for a one man operation. You can always change later if INC becomes a better fit for your business. If you incorporate you get double taxed, and I'm told you have to do a lot of formal paper work and hold annual meetings, even if you are the only person in the corporation. But consult an attorney for your individual situation.

There is a lot more paperwork and filing that needs to be done with an INC. I went with LLC and once you do get that profit rolling in you can switch.

i went llc too. i had an inc in the past w/another business. it was too much paperwork. even when you're not turning a profit.