Hello Guys:

I'm Back! Sorry, it has been awhile I was taking a leave to build my national advertising campaign.

I have not a clue why he set up an S Corp instead of an LLC. In the U.S., my laywer, accoutant, and myself alll agree that S Corps are very sticky and you can easily get burned on them if you break one of the requirements.

As you can see, we choose LLC status. The taxes on it I can elect to be taxed like a corporation so I receive the tax benefits and I have the protection of a corporation too. It is less expense to form an LLC as well.

I know many people who would not go any other way. I definately would not go back to be a Sole Prop. though.

Have a GREAT xmas and holiday season ya'll.