Legal Question in Business Law in Tennessee
starting a business
Two (2) friends and I are considering starting a business. We're confused as to whether to file our business as a LLC Partnership or an S Corp. Which would be best for us?
Asked on 5/19/09, 9:39 pm
1 Answer from Attorneys
James R. Becker, Jr.
Becker Law Firm
Re: starting a business
I assume that you are talking about spending some serious money on starting this business and are not doing it as a lark. If that is the case, the choice of business formation can have some significant impacts upon your tax situation and whether or not what you form is a viable entity. You need to sit down with an experienced attorney to walk you through the process of determining which is best for you.
Answered on 5/20/09, 10:07 am
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