Comments on: Which Corporate Structure Should An Affiliate Pick?

By: Jonathan Volk

Jonathan Volk — Sat, 05 Jan 2008 13:16:04 +0000

Yea. I'm certainly not going to go off just any advice. I just like to have all the knowledge I can have before going to a paid professional.

By: CPA Affiliates

CPA Affiliates — Sat, 05 Jan 2008 11:03:25 +0000

While LLC is a good option you should talk with a local CPA or local tax lawyer because tax rules and regulations vary by state, and you want to do what makes the most sense for your business. not just going off what other reccomend. I have been thru the process, i was LLC but then changed to LP due to tax savings and other retirment advantages in Texas. Trust me the money you spend on a good CPA or tax lawyer is WORTH it!

By: Firelead

Firelead — Fri, 04 Jan 2008 14:14:25 +0000

if you are a single owner, I'd go with an LLC – you can set it up so that you keep the money in the business bank acct, and don't pay taxes on it until you transfer it to your own personal bank account.

-Mike

By: Jonathan Volk

Jonathan Volk — Fri, 04 Jan 2008 09:04:14 +0000

Great job trypp!

Let me know how things work out

By: Trypp

Trypp — Thu, 03 Jan 2008 23:13:48 +0000

Thanks for the useful info. I will be looking into S Corp for sure. I haven't really put to much thought behind it since I've been so busy. I didn't even realize I made $190,000 til I reviewed all my stats 2 days ago. I will also be looking into payroll services and an accountant.

By: Jonathan Volk

Jonathan Volk — Thu, 03 Jan 2008 20:55:42 +0000

Thanks everyone for your advice and comments.

By: Erin

Erin — Thu, 03 Jan 2008 19:05:23 +0000

I found this extremely helpful. I'm not interested in forming a registered company, but I've always been interested in the science behind it.

Good luck, Jony!

By: Greg W.

Greg W. — Thu, 03 Jan 2008 12:05:54 +0000

S Corp is my recommendation. My accountant said that's the way for me to go….

By: Scott Weaver

Scott Weaver — Thu, 03 Jan 2008 11:42:15 +0000

Great timing on this post, man. Tax season is in the air and affiliates are fretting over taxes.

By: ClarkeW

ClarkeW — Thu, 03 Jan 2008 11:20:31 +0000

This is a great post because it's definitely something that I've been doing research on over the last month or so.

I've haven't made a decision yet, but since I'm just getting going I'll probably just setup an LLC until I reach a larger income base. It seems to be the easiest option right now for a one man show such as myself.