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Yea i was thinking if i go llc im definitely going to go the s corp way. But idk that process yet. Corps taxes are more complicated and from what i read i think sole prop taxes are more beneficiary than s corps.

What would you get sued for tho?

Yeah i know, just wanted to see what others did and why. I've been advised to do a sole prop but i just seen a lot of people do LLC's with eb and was just wondering what made them do it.

That's what i've been advised to do as well. Just wondering why so many have chosen LLC's. What made you choose a sole prop instead of an LLC? Do you not need the protection with your business model.

From what i know sole prop is better for taxes here in the US.

I won't be borrowing any money. My business is self funded and won't need any lines of credit or anything like that.

Send me a pm please. I'd like some help.

Which way is the best way to go? From what i read, most people do LLC's. But is that really the best choice for an online/eb business? From calling around and speaking to CPA's without giving out detailed info most say sole prop is the way to go and that most people don't even need the LLC...

Just wondering because i spoke to a CPA and what he said was LLC isn't worth it because it doesn't offer protection against legal malpractice so you might as well be a sole prop and get tax advantages. But don't LLC's turned into s-corps get the protection plus the same tax benefits?

For those who chose LLC over sole proprietorship, could you share why you chose that route?

What % is that?

What's so great about Delaware LLC.

Is that a confirmed number?

I'm asking you guys. I can't decide if i should form an LLC or not.

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Noob question here. How would it work if i used quickbooks myself? I just enter up all my sales and expenses and send it to my accountant?

The well known ones are usually big firms. I don't need a big firm to do this for me. I'm not a huge business yet. But yea i am looking for one now.

Well in my case he wouldn't really see much. Only deposits and withdraws from banks. My invoices don't show any detail either. He would have to ask me what i do and i wouldn't give him any details on that.

Well they wouldn't be getting my bank details right? Only the statements. There isn't much info on the statements themselves to do anything with it. Any valuable info that he shouldn't see i can just cross out. As far as the accounting goes, i think id rather have someone do it for me. I tried...

Steal my idea how? From bank statements all he would be able to tell is how much i withdrew and what came in. But anyway im in MD.