Incorporating

Out of context: Reply #7

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• mbr0

  Yeah, Inc is only good for huge businesses.

  LLC -
  adv. - transparent tax, meaning you get taxed once - the money goes directly through the LLC to you.
  Nothing required.

  SCORP - next best thing to the LLC. Transparent taxing (I believe).
  dis. - you have to keep records of meetings, and there has to be x amount of meetings per year (even if its just 2 people)

  Inc. - adv. - none that I personally know of, but I am sure that when setup by a skilled laywer its more protective
  dis. - you are taxed TWICE, once at the company level, then again as an individual.
  Very complicated records needed (and appointed personnel).

  MBR Studios is an LLC.

  mbr 0Permalink

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