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Level 2

Question

LLC vs S corp

Forum|Forum|6 years ago
June 21, 2019
1 reply
0 views

Starting a business with another individual. It is a house call medical service. We will be sharing costs but keeping income made separate. Are we better filing a partnership LLC or S-corp for accounting purposes?

A

Anonymous

talk to a tax professional. each has their pro's and con's and a tax pro can go over your current and future tax situation - both personal and business - to give you the best advice.

Level 15

I agree with @12309 - speak with a tax professional and/or an attorney experienced in business entities (e.g., corporations, partnerships).

You are most likely going to need professional assistance (or guidance at least) with respect to filing the requisite articles, et al., with the state, regardless. You absolutely must start off in the right direction here.