T-Shirt Forums - View Single Post - Setting Up Business

dalessandro12 · May 26th, 2008

Im new to this forum and hate to kill the topic, but why should i pick an LLC over sole proprietorship? From what I understand, an LLC works very similar to an SP but has the advantage of limited liability. Also, I have read that in California, LLCs have a minimum annual tax of $800.00 when an LLC. Im not sure what the taxation differences is between an SP and LLC, but I think that I could work with a sole proprietorship until my company gets more established.

Any thoughts?

BTW - My company is going to be home based, ran by my wife and I and we are going to be doing business through online transactions.

May 26th, 2008	- #3 (permalink)
dalessandro12 T-Shirt Lover T-Shirt Fan Thread Starter You can call me: Daniel Member Since: May 2008 Posts: 81 Thanks: 0 Thanked 4 Times in 4 Posts	Re: Setting Up Business - Need Help Im new to this forum and hate to kill the topic, but why should i pick an LLC over sole proprietorship? From what I understand, an LLC works very similar to an SP but has the advantage of limited liability. Also, I have read that in California, LLCs have a minimum annual tax of $800.00 when an LLC. Im not sure what the taxation differences is between an SP and LLC, but I think that I could work with a sole proprietorship until my company gets more established. Any thoughts? BTW - My company is going to be home based, ran by my wife and I and we are going to be doing business through online transactions.
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