Legal Question in Business Law in Texas

I am looking to setup a health supplement company in Texas. Everything is organized except for setting up an LLC. I have read as much as I could find online and my question is this, with an small company (myself as the only employee initially) should i file to pay taxes as an llc or an s-corp? I have not been able to make a clear distiction between the 2.


Asked on 6/15/10, 1:33 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will say this is more of an accounting - tax question than a legal one. It is also dependent on your individual tax position. Consult with a CPA for details. You can also consult with an attorney in your area for specific advice about the initial and ongoing costs of an LLC vs. corporation.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

Read more
Answered on 6/15/10, 4:53 pm


Related Questions & Answers

More Business Law questions and answers in Texas