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4 Replies Last post: Nov 17, 2008 2:54 PM by Lighthouse24

LLC or Corp

Nov 17, 2008 12:29 PM

nospinzy 3 posts since
Nov 12, 2008

I want to register a buisness name but am not sure if a LLC or Inc would be appropriate.

This company will not have employes.

Would I be able to originate the llc with a seperate tax id? And if so would i then be able to pay myself as a private contractor?

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LUCKIEST 7,926 posts since
Aug 6, 2007

1. Re: LLC or Corp Nov 17, 2008 12:32 PM

LLC or Corp, Welcome

Who are you?? Where are you?? What kind of business??

Talk to your Lawyer or Accountant. LUCKIEST

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nospinzy 3 posts since
Nov 12, 2008

2. Re: LLC or Corp Nov 17, 2008 12:35 PM

in response to: LUCKIEST

Talk to my lawyer accountant.... how is that an answer?

This is a simple question can you or can you not register an llc with a seperate tax id, and have that act as a seperate entity from your personal self.

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changemystrin 1 posts since
Nov 17, 2008

3. Re: LLC or Corp Nov 17, 2008 1:33 PM

To the best of my knowledge you and the LLC are completely seperate entities as far as the law is concerned.

There seems to be lots of information at <a href="http://www.legalzoom.com/llc-guide/limited-liability-company-edu-center.html"> Legal Zoom </a>.

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Lighthouse24 2,396 posts since
Oct 10, 2007

4. Re: LLC or Corp Nov 17, 2008 3:00 PM

A single-owner LLC with no employees does not need a separate tax ID. If it has multiple owners or has employees, then it does.

http://www.irs.gov/faqs/faq/0,,id=199632,00.html

Welcome to the community and best wishes.

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ForumsStarting a Business

This Question is Possibly Answered

LLC or Corp

Nov 17, 2008 12:29 PM

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