imo, the biggest reason to do it was to insulate/protect yourself from
legal lawsuits. As a sole proprietor, they can take your personal
stuff; as an LLC, they can't. IANAL so consult your legal counsel for
direction.
On 2014-03-07 14:03, Mike Copeland wrote:
Paul, I'm sure you figured you would hear this from someone, but we
Inc'd back in 1999 and it was a lot easier than i anticipated. There
are many advantages, not the least of is that things are more clear
cut (divided) in pretty much every aspect of life and work. And, you
get the instant payoff of a deduction in your payroll tax!
Mike Copeland
-------- Original Message --------
Subject: Re: [NF]: Pennsylvania Sales Tax
From: Paul McNett <p...@mcnettware.com>
To: profoxt...@leafe.com
Date: 3/7/2014 11:50 AM
On 3/7/14, 9:10 AM, Jim Harvey wrote:
I'm going to be providing some computer programming services
(creating and
maintaining programs I wrote in VFP while employed) for my former
employer,
and have created an LLC for this purpose.
Kudos for doing this upfront. When I went independent in 2000, I
deferred this decision (LLC, SCorp, ?) and never found time or
inclination to revisit it, so I'm still filing as sole proprietor.
Now, I'd like to hire an employee, but I really can't until I fix my
legal status, which I just can't seem to find time for.
Whenever it happens, it's going to be a mountain of work extricating
my business stuff from my household personal...
Paul
[excessive quoting removed by server]
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