Llc Or Incorporate ? What Fits Bakeries Better?

Business By KsCakes09 Updated 24 Sep 2012 , 12:34pm by KsCakes09

KsCakes09 Posted 24 Sep 2012 , 12:56am
post #1 of 3

any suggestions on which way to go as far as LLC or Incorporate. I read a lot that says they are very similar but when it comes to taxes, yearly paperwork (shareholders, minutes) LLC is better. What do you all think with your experiences?

2 replies
jason_kraft Posted 24 Sep 2012 , 1:03am
post #2 of 3

Usually LLCs are the best bet for a small business, they are easier to set up and run than an S-corporation or C-corporation. Once you set up your LLC it will be taxed as a sole prop by default (or a partnership for multi-member LLCs), but you can ask the IRS to tax your LLC as an S-corp or C-corp if you'd prefer.

KsCakes09 Posted 24 Sep 2012 , 12:34pm
post #3 of 3


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