I would imagine the benefits/trade-offs would vary from state to state. You're probably be better off checking with your lawer / accountant to understand the implications of your choices.
That said, couple of years ago I was signing on for a year long contract and inquired about moving away from SP. A friend of mine who's a lawer looked into it and for GA saw no reason for me to move away from SP, neither from tax/financial perspective, nor from liability perspective. But I would also imagine not all contract work is created equal, and professional advice may be quite valuable. On Fri, Feb 20, 2009 at 4:14 PM, Angus Scott-Fleming <angu...@geoapps.com>wrote: > How many of the consulting types here on the list are incorporated, how > many of > you are LLCs, and how many are just sole-proprietors or members of a > partnership? If you're incorporated, are you an S-corp or a C-corp, and > why? > Feel free to answer off-list, I'll tally results and post the answer later. > > Don't know how many of you might be interested in this, but for the next > couple > of weeks Intuit (maker of Quicken, Quickbooks, and TurboTax software) is > offering LLCs and incorporation services free. See this website for more > info: > > Incorporate Online, Incorporation Services, LLC, Trademark > http://mycorporation.intuit.com/?cid=web_intuit_sbn_inc_free > > Angus > > P.S. If you answer off-list, please keep "Incorporate, LLC, or ???" in the > subject line so I can anti-spam-proof the answers ;-) > > > > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ > ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ > ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~
