LLC or Inc.?

Trying to decide between LLC or Inc. Which route did you take and why?

Permalink Reply by Jen Scanlon on March 28, 2009 at 11:07am: Hi Shannah,

I went the LLC route with my company. Think that it makes the most sense for your business if you are doing it yourself.; ▶ Reply to This

Permalink Reply by Sarita Thomas on March 31, 2009 at 5:25pm: Hi Shannah,

I think it depends on the type of your business, the assets involved and if there are any employees. I went with an incorporated status because my business is a home staging and redesigning company with no actual assets. Therefore, I think the tax benefits would work best for me in this situation.; ▶ Reply to This

Permalink Reply by Gail Klanchesser on March 31, 2009 at 9:29pm: I started as a Sole Proprietorship and after a really good conversation with my insurance agent I am currently switching to an LLC. Because I provide instruction I have to carry professional liability insurance and if I was ever sued all my home assets would be vunerable. Due to my husbands career everything is in my name, so it wasn't worth the potential risk. I do not have employees and only a small inventory of supplies.; ▶ Reply to This