Legal Question in Business Law in Delaware

LLC formations

I am looking into forming a corporation for real estate purposes. I would be the only partner at the beginning. The possiblitity of future partners is realistic. Is a LLC the way to incorporate for tax purposes?


Asked on 7/15/03, 6:51 pm

1 Answer from Attorneys
Bruce W. McCullough Bodell, Bove', Grace & Van Horn. P.C.

Re: LLC formations

Either an LLC or an S-corp. are good ways to organize and both forms have similar tax advantages. An LLC definitely would be better for someone planning a series of companies with separate assets and liabilities.

Please feel free to contact me if you want to discuss this matter further.

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Answered on 7/16/03, 8:18 am


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