Discussion:From SP to SMLLC?

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Revision as of 18:01, 6 June 2009

Discussion Forum Index --> Advanced Tax Questions --> From SP to SMLLC?
Discussion Forum Index --> Tax Questions --> From SP to SMLLC?

Dude7707 (talk|edits) said:

6 June 2009
Currently WA State SP with few clients and NO EE's, who loss a major client. Now looking for Corporate full-time Job...however feel it would be best in the interim to switch to LLC as Single Member or S-Corp for main purpose of protecting my personal assets?

Wanting to know my options:

1. Stay with SP and just get business Insurance 2. Stay with current status of SP and hope no one sues me.....Not a practical decision. 3. Switch to SMLLC however will still have to pay SE Tax course currently have losses so not an issue at this time until I am able to pickup more clients. 4. Switch to LLC as S-Corp.

Thanks for any comments/suggestions.

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