LLC or S Corporation?

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  • Fruitloops1
    Daycare.com Member
    • Dec 2011
    • 249

    LLC or S Corporation?

    I am planning on either doing an LLC or an S Corp. What has everyone else done if you went that route. I am currently a home daycare but plan on opening a center in a few years. I read some of Tom Copeland's taking care of business article and now I am even more confused!!
  • Michael
    Founder & Owner-Daycare.com
    • Aug 2007
    • 7947

    #2
    Consult your accountant but in my opinion I would consider an S-corp because of the new taxes coming in 2013. I don't know if you have partners or a investors and that also has to be considered. If its simple, go S-corp. I just had this conversation with my accountants.

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