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Old 08-02-2011, 07:15 PM
agrostis agrostis is offline
LawnSite Bronze Member
 
Join Date: Nov 2009
Location: Winston-Salem NC
Posts: 1,743
A LLC is a "incorporated" business. It protects you and your private assets - your house,car,bank account. A "regular" business that is not incorporated means you personally and all your assets are on the line if you get sued for whatever reason.

A accountant is a great idea for any size business. You will forget something related to bookeeping. And at tax time these people are worth every penny.

That 6% sales tax is for the state you live in. You still have to pay state and federal income tax.

It is a pain to jump through all these hoops but you will glad you did.
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