Inc or LLC? Hello
I am an owner of a child care center, that I have been operating for 2 years now. I have spent the last two years barely making a profit, trying to keep the taxes current. I am now in my 3rd year of business and have added some new programs which will create a greater profit this year. I have been told by some other child care business owners that I might need to consider changing my business from an INC to an LLC, to ease some of the tax obligations.
Would changing my business structure from INC to LLC be more beneficial? Im not easily persuaded, but I thought it was worth the research. Constructive criticism is greatly appreciated! |