LLC, S-corp, Corporation?
May 15, 2012 4:26 PM Subscribe
I run a electronic music blog and we are in the works of snagging some pretty big deals. A number of my partners mentioned forming an LLC. While our profit is low, we are potentially entering some big contracts in the future and need some credibility and protection. What is the most basic, simple form of corporation we can form?
posted by ascetic to Work & Money (4 answers total) 1 user marked this as a favorite
Further, if all three of us owned the LLC, how would we claim business expenses on our taxes?