Home > Legal > Questions & Answers > Business > Trying to start a very small business (home repair ) out of my house.Which way should we go corp.or llc?
Trying to start a very small business (home repair ) out of my house.Which way should we go corp.or llc?
It may be that your best choice is an LLC because it is typically the most flexible and it is taxed as a partnership. It also has perhaps a smaller administrative burden than a corp. If liability is not an issue in the business you are starting, you could always just operate as a sole proprietorship. It depends on exactly what reason you are considering when thinking about organizing the company. I did a legal guide on this which you can find at the link I posted with this answer. Ultimately you may want to consult an IL attorney and since I am only licensed in FL you cannot rely on my answer for legal advice. Good luck!
You should really discuss the mater with an attorney and/or a CPA, who can review your business plan and your goals and give you a suggestion based upon your specific needs. There are tax, liability, and procedural pros and cons for all the various corporate structures.
Disclaimer: This answer is provided as a public service and as a general response to a general question, it is not meant, and should not be relied upon as specific legal advice, nor does it create an attorney-client relationship.
