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Re: LLC, C-Corp, S-Corp?

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Re: LLC, C-Corp, S-Corp?
by Rich Rubasch on Apr 22, 2008 at 2:47:12 am

One more thing about the S-Corp vs an LLC, at least here in Wisconsin. I do a lot of work with corporate clients. As an S-Corp, after they pay me for my services there is no more paperwork necessary. With an LLC, in Wisconsin, the corporate client must issue a 1099 at the end of the year.

Not a deal breaker, by a long shot, but if most of your work is B2B, being an S-corp can be a somewhat advantage to your clients.

I personally like the S-Corp payroll plus distribution model, at least at this stage of the company. Sounds like Fantastic Plastic is raking in the dough...what a problem!

Why not simply pay yourself and buy some real estate? That will shelter it pretty well. Sure you can have the company buy equipment, but why not pay yourself and buy some property?

2¢

Rich Rubasch
Tilt Media



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