On 8/5/2011 1:51 AM, String wrote: > I think that underscores the point, though, that the options are many > and varied. It will also depend on what state you're doing this in, > meaning that most of the advice you get here will be meaningless. You > really need to talk to a local business lawyer, as the OP said, to get > good information.
Apologies in advance to those on the list not in the US... LLCs are a relatively recent phenomenon. An S Corp can get you a limited tax advantage, if you can justify a "salary" that's less than the max you would pay Social Security taxes on, which is $106,800. That would be hard for me to do, having made more than that for years as an employee. I understand that you can potentially file for taxes "as an S Corp" federally even if your business is an LLC, though; please check with a tax attorney to verify that what I've heard is correct and legal and all that, though. Tim -- You received this message because you are subscribed to the Google Groups "Android Discuss" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/android-discuss?hl=en.
