Advanced Search

The Green Industry's Resource Center

Thread Tools   Display Modes
Old 12-01-2002, 01:35 AM
lasher66's Avatar
lasher66 lasher66 is offline
LawnSite Senior Member
Join Date: Apr 2002
Location: Toledo,Ohio
Posts: 395
If I go from sole proprietor to LLC, do I still file the taxes the same way? Or is there a seperate tax return for the business? Just wondering

Reply With Quote
Old 12-01-2002, 10:34 AM
beck beck is offline
LawnSite Senior Member
Join Date: Sep 2000
Location: St. Louis, Mo
Posts: 426
Daryl- Thanks for pointing that out, I was unaware.

This should go without saying but, Any of those looking into these matters should also talk with the profesionals (lawyers/accountants) to double check any and all information that you have received. I would not intentionally give false information, but that is something I was not aware of, so I could not inform you about it. You may even want to get a 2nd opinion of the professionals. What is right for one company is not necessarily right for another.
Reply With Quote
Old 12-01-2002, 10:35 AM
devildog devildog is offline
LawnSite Senior Member
Join Date: Dec 2002
Location: sc
Posts: 270
Let your fingers do the walking thru the yellow pages. Talk with a local attorney. Each state has rules for incorporation. The two principle reasons for going inc. are limited protection for litigation caused by stupid acts of employees and the tax benefits. Alot of good info has been posted, enough to confuse the average layman.

Just as you would advise your clients, seek a professional. If the attorney charges for the initial consultation, run don't walk. With regards... devildog
Reply With Quote
Old 12-07-2002, 01:58 AM
Darb Darb is offline
LawnSite Member
Join Date: Sep 2002
Location: The Sunshine State
Posts: 182
Here is an article that might help explain the difference between a corporation and a LLC. Corporations vs. LLCs

I found this on which is a great site with some great reading.

I hope this helps.
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Layout Style:

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Grand View Media
All times are GMT -4. The time now is 09:27 PM.

Page generated in 0.06539 seconds with 8 queries