LLC or Inc?

Discussion in 'Starting a Business' started by JBMedia, Jan 22, 2014.

  1. JBMedia

    JBMedia
    uix_expand uix_collapse
    Member

    Joined:
    Jun 14, 2009
    Messages:
    462
    Likes Received:
    88
    Me and a friend of mine are considering opening up a T-Shirt company, hopefully it will expand into other areas later on. I was wondering what do the members at BAF here think would be more of a viable business license for me to buy. Should I start out incorporating or start it off as an LLC?
     
  2. bizwizgenie12

    bizwizgenie12
    uix_expand uix_collapse
    Member

    Joined:
    Feb 26, 2012
    Messages:
    54
    Likes Received:
    3
    LLC Vs. INC - Corporate Structures

    Hi,

    For a small business such as yours, you might consider an LLC (Limited Liability Company); wherein the business exists as a separate legal entity. Any profit/loss is straightaway passed to the shareholders (meaning you and your partner). Later when business grows you can always convert into an INC.

    Hope this helps and all the best in your business!
     

Share This Page