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PATZPW

Llc

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We are.....love it since the Company stuff is separate from us personally until tax time :) We get the loss on our taxes (or the income if we want) I did our paperwork, filing was only $125 for NC. Annual report fee is $200.

Celeste

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You should really talk to an accountant about it, but as Celeste said, it benefits greatly at tax time. Keep all business expenses seperate. But there are of course lots of 'crossover expenses' that can be put on company expenses. Then at tax time all gains or losses go to personal 1040. You will have to decide on which way to file though. The IRS gives you the choice. As an subchapter S or as a corporation. The obvious choice is a subchapter S, as thats where the benefits above come in.

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