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The Business of Business

Ken_8
Ken_8 Member Posts: 1,640
in THE MAIN WALL
I subscribe to the e-version of the WSJ. This link was included this morning. If you own a sball business, this appears to be one helluva resource. Check it out:

http://www.startupjournal.com/

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Comments

  • clammy
    clammy Member Posts: 3,214
    Thanks ken

    Thanks ken i need some bus 101 sorta stuck wondering on what's going to be my next .Have some business friends who say to go out on my own but in a 1 man show as you get older it don,t come easier thanks for the link peace clammy

    R.A. Calmbacher L.L.C. HVAC
    NJ Master HVAC Lic.
    Mahwah, NJ
    Specializing in steam and hydronic heating

  • Empire_2
    Empire_2 Member Posts: 2,340
    Looks good

    I have checked out this sight and you are right it has alot of useful information to help the small Biz owner.
  • Weezbo
    Weezbo Member Posts: 6,231
    I am considering a LLC vs a S corp... any one got an opinion ?

    *~/:) i Knew that would be the ? to ask on a day like today ....
  • John Shea
    John Shea Member Posts: 247
    LLC vs. S-Corp

    Each I believe has it's advantages/disadvantages. It depends on how big you plan on being, how many owners/members/manager are involved and how you want to take profits, etc.

    I think that generally speaking an LLC. will allow for easier profit taking and bookkeeping (tax wise) but still completely protects you from lawsuits. I can't speak for S-corps, but I know with an LLC, if someone came after you for something, they can only go after what the LLC owns (which, if you take profits properly, can be nothing!) not after you personally. S-corp I believe you can be held personally liable.

    I am no expert, just going on what I recall when I set up an LLC.

    Hope this helps.
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