Comments on: Should I form a LLC or Incorporate?

By: Jeff Unger

Jeff Unger — Sat, 18 Apr 2009 06:34:49 +0000

Great article, Jeremy, but be LLCs can be FAR more expensive on an annual basis than corporations. Although LLCs have developed a certain sex appeal and have become the “knee jerk” reaction to new business formation, it’s important to recognize that in states like New York and California, a LLC can pay a lot more in taxes than a corporation. In New York there is a hefty “publication” fee for new LLCs, and California is extremely hard on LLCs, because of the California LLC “gross receipts” fee. In fact, a LLC should be an entity of last resort – not a first choice, and only used in situations where, for example, an S-Corp is not available, depreciable real estate is involved, or the business structure requires flexibility not available in a corporation. Check out http://www.eminutesonline.com/looking-to-cut-costs-start-with-your-llc/

By: Marina

Marina — Mon, 17 Nov 2008 04:45:34 +0000

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I use to buy some of these coupon and i need this information.

By: LLCs, Corporations, Partnerships, Sole Proprietorships and Taxes | John F Howes CPA

Sun, 26 Oct 2008 19:08:07 +0000

[...] Should I form a LLC or Incorporate? [...]

By: Yannis

Yannis — Fri, 25 Jul 2008 23:05:32 +0000

Very informative! It took me about 30 minutes 5 years ago to find this comparison, good job.

By: Don Fusille

Don Fusille — Tue, 17 Jun 2008 21:49:37 +0000

I just clicked your link and incorporated. I seriously just completed the process in 10 minutes.

All I can say is WOW! Very impressed.

By: Trevor

Trevor — Mon, 09 Jun 2008 01:20:08 +0000

This is just phenomial – I just formed my LLC on the weekend from home…thanks LegalZoom and Jeremy (for the advice). I really appreciate the money and time saving tip.

According to the legalzoom site, when I checked out I saved over $450+ USD!

Laughing all the way to the bank, cheers mate!