Legal Question in Business Law in Pennsylvania
forming new business
family owned retail internet business, what type of company should be formed in the state of Pa.
Asked on 4/11/00, 8:47 pm
1 Answer from Attorneys
Re: forming new business
For the family-owned small business, either a small business corporation (S-corp.) or a Limited Liability Company (LLC) are popular. Both let you treat profit as personal income and profit is not separately taxed at the corporate level. We would need to discuss the specifics of your situation for me to make a recommendation.
Answered on 4/24/00, 12:16 pm
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