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Author Topic: LLC  (Read 348 times)

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Offline Parts

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LLC
« on: February 20, 2008, 03:18:11 PM »
Anybody have any experience within LLCs.  Or havening real employees if all goes well at the school I might expand and head down that road
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Offline Callaway

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Re: LLC
« Reply #1 on: February 20, 2008, 08:31:21 PM »
No, I don't.  Maybe someone else does, though.

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Re: LLC
« Reply #2 on: February 20, 2008, 08:53:13 PM »
An aspie board may not be the place to ask such things. Just I am feeling ambitious
"Eat it up.  Wear it out.  Make it do or do without." 

'People who say it cannot be done should not interrupt those who are doing it.'
George Bernard Shaw

Offline Pyraxis

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Re: LLC
« Reply #3 on: February 20, 2008, 09:01:24 PM »
I don't know a lot, but I've done a few workshops and worked with some startups. Are you thinking of hiring regular or contract employees? Regular can be a headache, because you have to get an employer ID number and do a lot more paperwork, like calculating employee taxes and deducting them from their wages. You also become obligated by law to provide various things for your employees, like an option for health care coverage (I think, this is third hand info).

An LLC is more appropriate if you want your business to function like an independent entity, paying its own taxes, and with its own liability for debt (if you went under, they couldn't take your life savings). Sole proprietorships are a lot easier to manage but you're also personally liable for anything that goes wrong.
« Last Edit: February 20, 2008, 09:03:43 PM by Pyraxis »
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Re: LLC
« Reply #4 on: February 21, 2008, 06:08:16 PM »
Employees might come in time if it grows.  Talking to someone I want to get interested in it on Saturday.   I'm thinking LLC mainly because of the  cost and scope of the work I may be getting into and also the liability issues with doing commercial firestop work
"Eat it up.  Wear it out.  Make it do or do without." 

'People who say it cannot be done should not interrupt those who are doing it.'
George Bernard Shaw

Offline Yuri Bezmenov

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Re: LLC
« Reply #5 on: August 01, 2017, 05:56:34 PM »
Did this ever happen?

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Re: LLC
« Reply #6 on: August 19, 2017, 07:14:48 PM »
No the school turned out to be a one time thing probably for the best
"Eat it up.  Wear it out.  Make it do or do without." 

'People who say it cannot be done should not interrupt those who are doing it.'
George Bernard Shaw