Corporation or LLC, I need help.

[kona1000]

I was wondering if anyone out there has knowledge of which would be better for a small construction company that is just getting off the ground.

Thanks,

Dave

 

[ilikefishes]

LLC takes all the liability off of you. I would think this is the route you would want to go in. Are there any attorneys on here?

 

[gtadroptop]

LLC takes all the liability off of you. I would think this is the route you would want to go in. Are there any attorneys on here?

x2. That's the route we took.

 

[investandprosper]

If funds are tight, an LLC should be just fine. Corporations take a couple grand to set up if I remember correctly.

 

[thefatguy]

I also have an LLC. My attorney said once it picks up and reaches a certain dollar amount per year I'll have to switch it, but an LLC is better to start a small business. I would find an attorney and an accountant you trust and ask them. I learned that you need an attorney, accountant and an investment person. Good luck BROTHER.

 

[kona1000]

Yeah meeting with both of them tomorrow. Looking for more input.

Thanks guys

 

[Light this!]

I also have an LLC. My attorney said once it picks up and reaches a certain dollar amount per year I'll have to switch it, but an LLC is better to start a small business. I would find an attorney and an accountant you trust and ask them. I learned that you need an attorney, accountant and an investment person. Good luck BROTHER.

I also have an LLC. My attorney said once it picks up and reaches a certain dollar amount per year I'll have to switch it, but an LLC is better to start a small business. I would find an attorney and an accountant you trust and ask them. I learned that you need an attorney, accountant and an investment person. Good luck BROTHER.

Yup, money well spent there. We are an LLC with Members.

 

[mu mike]

I was wondering if anyone out there has knowledge of which would be better for a small construction company that is just getting off the ground.

Thanks,

Dave

Dave, I've set up both. It sounds like you're getting the necessary advice but should you need additional guidance feel free to PM me.

If funds are tight, an LLC should be just fine. Corporations take a couple grand to set up if I remember correctly.

Not necessarily.

I also have an LLC. My attorney said once it picks up and reaches a certain dollar amount per year I'll have to switch it, but an LLC is better to start a small business.

I'm not sure what your attorney meant by that (sales limitation? value limitation?), but it is inaccurate. Ask him if he's ever heard of Wynn Las Vegas, LLC. If there was some arbitrary dollar amount limitation, I'm quite sure they would have surpassed it!