Admittedly, my interest is in tax savings more than personal liability issues. Self employed people get screwed-but don't get me started. David Love davidlovepianos at comcast.net www.davidlovepianos.com -----Original Message----- From: pianotech-bounces at ptg.org [mailto:pianotech-bounces at ptg.org] On Behalf Of Farrell Sent: Saturday, October 06, 2007 9:48 AM To: Pianotech List Subject: Re: Self-employed techs 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 -------------- next part -------------- An HTML attachment was scrubbed... URL: https://www.moypiano.com/ptg/pianotech.php/attachments/20071006/ca25260f/attachment.html
This PTG archive page provided courtesy of Moy Piano Service, LLC