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1 Replies Last post: Feb 16, 2009 7:32 AM by LUCKIEST

About to start an LLC

Feb 15, 2009 10:34 PM

Click to view GraffDesignz's profile Professional GraffDesignz 3 posts since
Feb 15, 2009
I am about to start an LLC in Fort Collins, CO. I will most likely have only one partner in the business. We will be selling some software that we have created and at the same time, keep our regular 9 to 5's. I plan on any money earned to be saved and spent on growing the business, advertising/expences for delivering a better product, etc. and after that, pay ourselves before paying taxes, I think. My question is, how is the best way to pay ourselves with out paying extra taxes. Do we pay ouselves as employee's? A salary is probably not 4 us as we do not know what kind of success we will have yet. For my situation, is it best to pay taxes as an LLC, Scorp or Ccorp. And hoiw should we pay ourselves. Thank you in advance for all replies and help.
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Click to view LUCKIEST's profile SCORE LUCKIEST 7,912 posts since
Aug 6, 2007
1. Re: About to start an LLC Feb 16, 2009 7:32 AM
About to start an LLC, Welcome and good luck.

Everybody in business should have an Accountant.

Do you know about SCORE?? SCORE is FREE and you can find a online
SCORE Counselor who will answer your question.

LUCKIEST

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