Comments on: THE POWER OF CHOICE: How to Choose the Proper Business Structure http://rattelaw.com/2009/07/08/how-to-choose-the-proper-business-structure/ Small Business and Real Estate Law for New Hampshire and Maine Mon, 25 Oct 2010 22:40:44 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Chris_Ratte http://rattelaw.com/2009/07/08/how-to-choose-the-proper-business-structure/comment-page-1/#comment-278 Chris_Ratte Wed, 16 Dec 2009 04:38:37 +0000 http://rattelaw.com/?p=122#comment-278 From a legal perspective, there is very little difference between an LLC and an S-Corp. They both essentially achieve the same liability protection, and the structures, although different, are mostly a matter of terminology in my opinion. A business owner should always choose the entity that best accomplishes their overall tax and financial strategy. Thanks for your comment, Steve. From a legal perspective, there is very little difference between an LLC and an S-Corp. They both essentially achieve the same liability protection, and the structures, although different, are mostly a matter of terminology in my opinion. A business owner should always choose the entity that best accomplishes their overall tax and financial strategy. Thanks for your comment, Steve.

]]> By: Steven Feinberg http://rattelaw.com/2009/07/08/how-to-choose-the-proper-business-structure/comment-page-1/#comment-265 Steven Feinberg Sun, 13 Dec 2009 02:24:48 +0000 http://rattelaw.com/?p=122#comment-265 One of the biggest problems I've found is that many business owners will simply select the LLC approach, and assume they're done, not realizing that they have made a taxable entity decision to be a sole proprietor or general partnership. I've generally found that most attorneys prefer the LLC, since legally, you can't really go wrong there. From a tax perspective, our preferred tax entity is for the LLC to elect to be taxed as an S Corporation. One of the biggest problems I’ve found is that many business owners will simply select the LLC approach, and assume they’re done, not realizing that they have made a taxable entity decision to be a sole proprietor or general partnership.

I’ve generally found that most attorneys prefer the LLC, since legally, you can’t really go wrong there. From a tax perspective, our preferred tax entity is for the LLC to elect to be taxed as an S Corporation.

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