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Unread 05-20-2010, 12:29 AM   #6
landarc
somebody shut me the fark up.

 
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Join Date: 06-26-09
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From what I remember when we looked at this, LLC status is about protecting yourself against liability. As stated by Bander, the actual tax benefits vary state by state. And S-corp, at least in CA, offers less protection from product liability and also does not provide protection from product liability issues arising from negligence. Essentially a LLC offers more asset protection than an S-corp. In the end, we chose to go C-corp for maximizing protection against liability. Each state varies and a CPA and an Attorney can be useful in making this determination.
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