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Poll > Corportation Vs. Llc?
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Member
Posts: 409
Joined: Dec 16 2018
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Sep 6 2021 06:08pm
Hi

I haven't gotten to this stage yet but I do plan on owning a few practices but I am unsure whether to set it up as a corporation or an LLC...

I've read alot of articles on the pros/cons but I am not entirely sure of what my priorities will be in the next 10-20 years but I do want to open multiple practices.

Would anyone please be able to share personal exerpience with choosing corp. vs. LLC whether first hand or second hand? I just want to know whether there were any underlying issues which came up and made someone choose one over the other. Just want to be prepared before going in.
Member
Posts: 36,937
Joined: Oct 20 2007
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Sep 6 2021 06:10pm
Go speak with your accountant and lawyer. If you have neither, go get one cause you'll need it.
Member
Posts: 64,763
Joined: Oct 25 2006
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Sep 7 2021 08:53pm
If you are opening multiple businesses you absolutely must have a professional explain this and advise you on what direction to go. Do not take any advice from a gaming forum.
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