:lol: Terril: Some states preclude suit of the individual when acting on behalf of a corporate entity, so those posters may be correct (in THEIR state only!) and some other states have 'special' laws that preclude hiding behind the corporation (like mine :twisted: ) meaning that in case of a suit I get to defend myself twice :roll: and only the lawyers will prosper :evil: becuase there ain't much there to sue for :wink:
The central theme in all the above answers is "see a lawyer
and an accountant -your state may vary"!
Another resource often overlooked is the Small Business offices typically associated with local Universities. Services vary but the best thing is that they are often FREE!!! I have received free accounting time, free business advice, documents on a variety of programs and free research on problems!~ and did I mention that it costs NOTHING!?!?!
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To which I would add: any one of us who is prudent should seek a HIGHLY
competent financial advisor -- good luck finding one of those :roll: - who can point you hopefully to a lawyer and an accountant and get you the results you need as a cohesive team...OK I'm dreaming right?.. except that I am not dreaming I have this set-up and found folks who are willing to work as a team on a budget I can afford!
I know just what you wanted, more dependents... but at least you get to write these guys off at the 100% level
I see NOTHING wrong with spending a few bucks to save a bunch more from fiduciary waste by way of
unnecesary taxes... I'll DONATE to causes I see fit rather than adding it to the slushpile which gets spent by our current crop of politicians...