Set Up Llc Or Not?

Business By vwolf Updated 16 Aug 2010 , 3:48pm by jason_kraft

vwolf Posted 16 Aug 2010 , 2:35am
post #1 of 3

I was wondering how many of you who are home bakers have set up an LLC for your business? Should you? I am just getting started and am going to be doing cakes part time from home.

2 replies
leah_s Posted 16 Aug 2010 , 2:28pm
post #2 of 3

I'm an S Corp.

jason_kraft Posted 16 Aug 2010 , 3:48pm
post #3 of 3

I have an LLC that's set up to be taxed as an S-Corp. The default LLC taxation is Sole Prop or Partnership (depending on how many members you have), but you can elect to be taxed as an S-Corp or C-Corp instead.

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