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<DIV><FONT size=2>David, I know that one of the main attractions of
incorporating is that it separates your assets from the corporation's assets in
case of a lawsuit. If there is trouble, it is the corporation that is at
risk, not you personally. Also, all business income comes to your company,
and the company pays you a salary, takes out taxes, etc. </FONT></DIV>
<DIV><FONT size=2> I have an informal partner, he is
LLC. He uses a payroll service, that takes care of all that for him, for a
fee. He has employees, and that gives the responsibility for figuring out
employee taxes, withholding. etc to the payroll service, and they pay him and
his wife a salary.</FONT></DIV>
<DIV><FONT size=2> I know that there is much more to be said
on this. Our chapter had a technical on this, and the lady said that there
was much to be said for forming an S-corp, but it was awhile ago, and I don't
remember it all. I'm sure that there are more who will enlighten us all
further.</FONT></DIV>
<DIV><FONT size=2> Clark A. Sprague, RPT</FONT></DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A title=davidlovepianos@comcast.net
href="mailto:davidlovepianos@comcast.net">David Love</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A title=pianotech@ptg.org
href="mailto:pianotech@ptg.org">'Pianotech List'</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Saturday, October 06, 2007 10:25
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> RE: Self-employed techs</DIV>
<DIV><BR></DIV>
<DIV class=Section1>
<P class=MsoNormal><FONT face=Arial color=navy size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">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?
</SPAN></FONT></P>
<P class=MsoNormal><FONT face=Arial color=navy size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face=Arial color=navy size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial">If anyone can direct
me to good literature or share their own experiences on the subject, I’d
appreciate it.</SPAN></FONT></P>
<P class=MsoNormal><FONT face=Arial color=navy size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"></SPAN></FONT> </P>
<DIV>
<P><FONT face="Times New Roman" color=navy size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: navy">David Love<BR><A
href="mailto:davidlovepianos@comcast.net">davidlovepianos@comcast.net</A><BR><A
href="http://www.davidlovepianos.com">www.davidlovepianos.com</A></SPAN></FONT><FONT
color=navy><SPAN style="COLOR: navy"> </SPAN></FONT></P></DIV>
<P class=MsoNormal style="MARGIN-LEFT: 0.5in"><FONT face="Times New Roman"
size=3><SPAN style="FONT-SIZE: 12pt"></SPAN></FONT> </P></DIV></BLOCKQUOTE>
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