LLC VS corp

[brickwall92]

which one do you think is better and why?

 

[doublejizzle]

It depends really. One thing to remember is that with corporations, there will generally be a double taxing

 

[kjxxxx]

Do a search on that topic on here. Discussed many times here.

Set up an LLC. Being a corp then becomes an accounting IRS issue.

Both have advantages and so it all depends on what kind of business you are trying to run.

 

[brickwall92]

could I set up a umbrella and have each protected equally?

lets say for instance I have a company name like berkshire and different business interests under it with different dba's

example some thing in retail , investment real estate etc basically a holding company

 

[Imhotep]

Check out this sites for answers

http://www.sba.gov/services/counseling/index.html
http://www.thefastlanetomillions.com/forumdisplay.php?f=19
http://www.richdad.com/Forum/forum.aspx?g=topics&f=35

Finally talk to a CPA
Good luck

 

[kenbgco68]

Thanks for the links, Imhotep.