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How is YOUR business set up, legally?

Discussion in 'The Voting Booth' started by Mike Labbe, Apr 10, 2008.

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  1. Mike Labbe

    Mike Labbe Member, Former moderator team volunteer

    Which type of entity is your business? April 2008 Grumble Survey
    Results are anonymous

    A discussion and survey of how shops have chosen to set up. Tax benefits, legal and liability protection issues, etc. INC, LLC, PARTNERSHIP, SCORP, CCORP, SOLE, etc

     
  2. Mike Labbe

    Mike Labbe Member, Former moderator team volunteer

    How is your shop set up, as a business/tax entity? (161 participants)

    38% Sole Proprietor/Personal Responsibility (1040 C)
    29% S-Corp/INC
    25% LLC/Limited Liability Company or LLC Partnership
    05% C-Corp/INC (1120)
    02% Traditional Partnership (1065)
    01% OTHER (please explain in post)
    01% NONE/DOES NOT APPLY/DONT KNOW
    00% Trust (1041)
    00% Non-Profit Organization

    Are you as surprised at these results as me? Let's discuss it!

    Although the poll is closed, discussion is still happening here: http://www.thegrumble.com/showthread.php?t=30773
     
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