<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META http-equiv=Content-Type content="text/html; charset=iso-8859-1">
<META content="MSHTML 6.00.2900.3157" name=GENERATOR>
<STYLE>@page Section1 {size: 8.5in 11.0in; margin: 1.0in 1.25in 1.0in 1.25in; }
P.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"
}
LI.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"
}
DIV.MsoNormal {
FONT-SIZE: 12pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: "Times New Roman"
}
A:link {
COLOR: blue; TEXT-DECORATION: underline
}
SPAN.MsoHyperlink {
COLOR: blue; TEXT-DECORATION: underline
}
A:visited {
COLOR: blue; TEXT-DECORATION: underline
}
SPAN.MsoHyperlinkFollowed {
COLOR: blue; TEXT-DECORATION: underline
}
P {
FONT-SIZE: 12pt; MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in; FONT-FAMILY: "Times New Roman"
}
SPAN.EmailStyle17 {
COLOR: navy; FONT-FAMILY: Arial
}
DIV.Section1 {
page: Section1
}
</STYLE>
</HEAD>
<BODY lang=EN-US vLink=blue link=blue bgColor=#ffffff>
<DIV><FONT face=Arial size=2>Hi David,</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>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!</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>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.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Hope this helps.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Terry Farrell</FONT></DIV>
<DIV><FONT face=Arial size=2>Farrell Piano,<STRONG><U>
Inc.</U></STRONG></FONT></DIV>
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"> </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="Times New Roman" color=navy size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: navy"></SPAN></FONT> </P>
<P class=MsoNormal><FONT face="Times New Roman" color=navy size=2><SPAN
style="FONT-SIZE: 10pt; COLOR: navy">David
Love</SPAN></FONT></P></DIV></BLOCKQUOTE></BODY></HTML>