Advantages/Disadvantages of having a coding company or LLC

kishacajun

Networker
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42
Location
Conyers, GA
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Can someone pleas give me some information on this...I'm thinking about starting up my own Coding & Education business...I was advised by my accountant to get an LLC because I'll have a better outcome each year around tax time...Basically I'm getting hit now in taxes by working for 2 companies remotely...I've always wanted my own thing so I think now is the time...Are any coders available to tell me about having their own LLC and what that has done for them since having it as a Coder...thanks
 

mitchellde

True Blue
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Columbia, MO
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Listen to your accountant! Or to an attorney. An LLC is not just about taxes but also about liability. There are advantages and disadvantages between an LLC and a C corp and Sole proprietorship. You need to know all the ins and outs.
 
Messages
1
Location
Henrico, VA
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Can someone pleas give me some information on this...I'm thinking about starting up my own Coding & Education business...I was advised by my accountant to get an LLC because I'll have a better outcome each year around tax time...Basically I'm getting hit now in taxes by working for 2 companies remotely...I've always wanted my own thing so I think now is the time...Are any coders available to tell me about having their own LLC and what that has done for them since having it as a Coder...thanks
Did you ever start up the llc? Any advice for those who are thinking of the same
Path? Thank you!
 
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