Posts Tagged ‘LLC’

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Expensive LIFT Mistakes: S-Corp or LLC?

Tuesday, February 9th, 2010

As I get close to the launch of LIFT, I’m going to post a little series here on expensive mistakes I see people frequently make when it comes to legal, insurance, financial and tax.

The first one has to do with one of the most common questions I get asked – should I set up my business as an S-Corp or an LLC?

In fact, this is such a common question I saw a friend of mine asking it on Twitter!

So before I answer the question, let me say this:

This is NOT a decision to be made by asking Twitter.

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