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Indianajones

Posted 1/30/2012 14:22 (#2195138 - in reply to #2195097)
Subject: RE: To be or not to be LLC.

The LITTLE I understand about LLC is that they are mainly used as a liability shield protecting other assets from the LLC.
LLC's are a straight through taxing entity and income is considered personal income.
INDY

To be or not to be LLC. - dieselking64 : 1/30/2012 13:51
- Re: To be or not to be LLC. - farmb0y : 1/30/2012 13:58
- RE: To be or not to be LLC. - Indianajones : 1/30/2012 14:22
- Re: To be or not to be LLC. - Lookingglass : 1/30/2012 14:24
- There is no correlation between expensing portion of house and being LLC. - jakescia : 1/30/2012 14:54
  - RE: There is no correlation between expensing portion of house and being LLC. - greenbine : 1/30/2012 15:02
    - But 121 would be denied only to the extent of the sales price equal to basis of business portion... - jakescia : 1/31/2012 11:20
  - RE:Agree w Jake-one more thing - Tommy : 1/30/2012 18:16
    - Re: To be or not to be LLC. - forty-niner : 1/30/2012 23:29
    - Re: To be or not to be LLC. - forty-niner : 1/30/2012 23:31
    - RE:Agree w Jake-one more thing---- absolutely agree. Good observation. - jakescia : 1/31/2012 11:23
  - about seeing an accountant v. lawyer - bdsjake : 1/30/2012 18:26
    - RE: about seeing an accountant v. lawyer - iseedit : 1/30/2012 19:55
      - RE: about seeing an accountant v. lawyer - 2388 : 1/31/2012 12:50
        
        That is true with respect to situs elements, but with respect to operating elements................. - jakescia : 1/31/2012 13:09
    - Absolutely agree--- called specialization. These online services ought to be prosecuted for...... - jakescia : 1/31/2012 11:30
- RE: To be or not to be LLC. - lazifarmer : 1/30/2012 16:03
  - Re: To be or not to be LLC. - harpo : 1/30/2012 17:17
    - Re: To be or not to be LLC. - 2388 : 1/31/2012 09:39

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