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    stjevet's Avatar
    stjevet Posts: 2, Reputation: 1
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    #1

    Mar 15, 2008, 10:12 AM
    What type of company to form
    I am going to form a corporation and I was curious what would be the best type. I am looking at forming an llc but I don't know if that woud be correct. I am planning on having my wife as an employee and pay her from the llc. I would also like to use the llc to get an employee help plan set up. Thanks for any suggestions.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 15, 2008, 10:15 AM
    How many other employees besides your wife ?

    I would hire either a CPA or a tax attoreny to review this and even help set up the corporation, also deciding which state you wish to set it up in, for tax purposes.
    stjevet's Avatar
    stjevet Posts: 2, Reputation: 1
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    #3

    Mar 15, 2008, 10:23 AM
    It will probably just us two. I will be subcontracting my services to another llc which will find me work in the computer field.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Mar 15, 2008, 11:33 AM
    I guess what is the real purpose of the LLC, do you have property and money you wish to protect from business liablity in case the business fails ?

    ** I have nothing against corporations, I have one myself,
    But often what you want one for, or even if you need one has to be addressed.
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