Legal Question in Business Law in New Jersey
Llc Info
What are disadvantages of becoming LLC, compared to owner operator?
Would I need to pay my own salary or deposit money into an account and withdraw whenever it is necessary?
Asked on 1/08/07, 8:30 pm
1 Answer from Attorneys
Ronald Cappuccio
Ronald J. Cappuccio, J.D., LL.M.(Tax)
Re: Llc Info
There are no disadvantages to setting up a single member LLC. There is some cost, but I believe the extra layer of legal protection is worth it. I have more discussion on this at:
www.businessesq.com
I hope this helps!
Ron Cappuccio
Answered on 1/09/07, 8:36 pm
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