Legal Question in Business Law in Colorado
LLC VS Incorporation
I'm starting a small booking business, is it best to make the business a LLC or Incorporate it so that I can write off the amount I pay for health insurance?
Asked on 2/12/08, 10:24 am
1 Answer from Attorneys
Robert Murillo
Pivotal Legal Ltd.
Re: LLC VS Incorporation
You can always write of insurance if you are a self-employed business person. Forming an entity has no affect on that tax write-off.
Now, there are various reasons to choose between an LLC or corp and if the corp or LLC should file for an S corp election.
You should talk to your accountant and retain a business attorney to advise you on contracts and legal issues.
Answered on 2/12/08, 6:45 pm
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