Fulthrotl
~Autocorrect is My Worst Enema.~
- Occupation
- E
ok, in reading the not so fine print, i discover that i can place a
C-10 license under a LLC....
when i pulled my C-10 in 2006, that was not the case. it changed
in Sept. 2010. duh.
my question to any of the california contractors out there, who
are running under a LLC...
what can it do for you, and what can it do to you?
are there any advantages with regards to taxes?
i'm currently a sole prop. and don't see any great advantage,
as i have no employees. it seems the only thing i'd get would
be protection from claims personally against the business, but
i don't see that as a compelling reason, as if i were sued, as i
am doing the work myself, i'd just be sued personally, and that
would be that. i've already taken steps to protect me in that situation,
to the extent that anyone can protect themselves against a lawsuit.
so, i'm wondering about tax advantages of a LLC versus a Sole Prop.
anyone with experience with this, i'd like to hear it. if it's not something
you'd want to put on a public forum, the PM button is right over there...
thanks in advance.
randy
C-10 license under a LLC....
when i pulled my C-10 in 2006, that was not the case. it changed
in Sept. 2010. duh.
my question to any of the california contractors out there, who
are running under a LLC...
what can it do for you, and what can it do to you?
are there any advantages with regards to taxes?
i'm currently a sole prop. and don't see any great advantage,
as i have no employees. it seems the only thing i'd get would
be protection from claims personally against the business, but
i don't see that as a compelling reason, as if i were sued, as i
am doing the work myself, i'd just be sued personally, and that
would be that. i've already taken steps to protect me in that situation,
to the extent that anyone can protect themselves against a lawsuit.
so, i'm wondering about tax advantages of a LLC versus a Sole Prop.
anyone with experience with this, i'd like to hear it. if it's not something
you'd want to put on a public forum, the PM button is right over there...
thanks in advance.
randy