RE: Question about Business Entity Set-up

by "Jay Strickland" <strickland(at)wingswept.com>

 Date:  Mon, 1 Jul 2002 22:49:13 -0400
 To:  "'Total Web Works'" <TotalWebWorks(at)cox.net>,
"'*HWG- Business'" <hwg-business(at)hwg.org>
 In-Reply-To:  Debb
  todo: View Thread, Original
This really depends a lot of what you want to do with the $$$ from the
business.
If you're a small business you'll likely end up with an S-Corp or an
LLC.  I have
both types of entities and my experience has been that primary advantage
of an
LLC is that you can split dividends differently that in a standard corp
or s-corp.

The question is really one that you should involve BOTH your accountant
and your
lawyer since the decision has a lot of relevance in both areas.  

	Jay

-----Original Message-----
From: owner-hwg-business(at)hwg.org [mailto:owner-hwg-business(at)hwg.org] On
Behalf Of Total Web Works
Sent: Monday, July 01, 2002 10:10 PM
To: *HWG- Business
Subject: Question about Business Entity Set-up


I went to talk to a lawyer about setting up my Business.  He said there
were several ways we could set it up.... But his suggestion was to
consider these two...

1. As an "S"-corp.
2. As an LLC, perhaps with an "S"-corp. election

I was just curious as to how some of you had your businesses set up?

Debra Myers
ICQ# 162311294
Yahoo - TotalWebWorks2002
AIM & MSN - TotalWebWorks

All out going Mail is Virus Scanned by Norton Antivirus 2002.

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