What type of corporation did you form and why?

Re: What type of corporation did you form and why?

We formed a LLC for simplicity reasons and I am told that it provides you about the same protection as a c corp without the paperwork hassle

Re: What type of corporation did you form and why?

We formed a partnership because thats what we are we did not do it for tax reasons.

Re: What type of corporation did you form and why?

I am not a lawyer but with everyone forming LLCs I would be surprised if they did not provide you as much protection as a C corp

Re: What type of corporation did you form and why?

We formed a LLC for the same reasons stated above

Re: What type of corporation did you form and why?

just a reminder an LLC is a company, not a form of corporation... Limited Liability Company.

i have multiple dba's. i will soon be putting them all under a parent umbrella LLC after i execute this other idea i am putting together.

Re: What type of corporation did you form and why?

LLC what else it seems to be the organization choice for small businesses

Re: What type of corporation did you form and why?

As what I learned, for partnership, when the business fails, your assets can be confiscated; as for a corporation, your personal assets will be protected but they can go for the assets of the corporation instead.