starting a corporation?

sohail825 · #1 Feb 18, 2008, 10:16 AM

I wanna start a consulting firm, but have few questions and concerns.....i would be sole owner of the firm and i m bit confused whether to go with INC or LLC...since it would be consulting firm i would be doin services to the client in all US state
here are my concern
i know LLc is very affordable and easy to start with but LLC can't go public
i know with inc i have to keep minutes and have director meeting so i m not sure how this would work...do i ahve to report to IRS and submit the meeting documents or something else

if anyone can answer would be appreciated?

RickJ · Feb 18, 2008, 10:19 AM

I've just gone through that. And for me as a small business owner (sole proprieter) I went with LLC just because it was cheaper. I found that both LLC and Inc. protected me personally (to an extent) to the same degree.

To be sure, check your state's Secretary of State website. It will probably have a page where the features and benefits of each are compared.



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