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Registered
Join Date: Oct 2000
Location: Third House on the Right
Posts: 4,301
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I don't know if that will work from a tax sperpective since the corp will be taxed on its income and you will be taxed on your income. It seems the copr would benefit from the taxes. Some states do allow LLCs allow the same taxation as a LLP. You need to check with the laws in your state.
Depending on the law suit a LLC may not shelter your or your property from judgments.
I would seriously suggest plopping down a grand and getting advise from an attorney.
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