Thread: LLC and taxes.
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red-beard red-beard is offline
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Join Date: Jul 2000
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I would talk to an attorney and a CPA.

We initially were going to open as a C-corp but converted to an S. LLC didn't do what we wanted and we ended up with the self employment taxation issues.

Our corp is owned by 2 people, and they pay taxes together. This is "perfect" for an S-corp. C corp when you need investment money or have many investors with different kinds of investment.

From what I read, I think an S-Corp will do what you need. And your wife can be 60% owner, and you are now a minority/woman owned business.
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Old 02-08-2010, 12:48 PM
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