Self-employed techs

Farrell mfarrel2 at tampabay.rr.com
Sat Oct 6 10:47:30 MDT 2007


Hi David,

I realize my comments here will lack any specifics, but FWIW, my new accountant suggested that I form an S-corp rather than an LLC. I had formerly been a sole proprietor. I believe there was a tax savings and better liability protection to make this change - and the S-corp was better than the LLC. Again, I realize this doesn't adequately answer your question, but maybe at least suggests that you are on the right path to be looking into this. Talk to your accountant - and if they don't know anything more about it than me, I would strongly suggest that you find another!

I just don't understand the specifics of all that. I feel like my plate is full enough trying to get a handle on soundboard impedance and mass and stiffness, etc., etc.

Hope this helps.

Terry Farrell
Farrell Piano, Inc.
  ----- Original Message ----- 

  Has anyone explored the differences between forming an LLC and an S Corporation and the benefits of going that route as opposed to a simple sole proprietorship?  



  If anyone can direct me to good literature or share their own experiences on the subject, I'd appreciate it.



  David Love
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