3 ms·
the managerial overhead is not worth the difference (remember the professional fees required to run all this stuff). if my company made more revenue, i'd proba
by beachstartup 10y ago
the managerial overhead is not worth the difference (remember the professional fees required to run all this stuff). if my company made more revenue, i'd probably feel differently.
at the end of the day it comes down to how much revenue vs. overhead vs. capital structure you feel comfortable with.
- tptacek 10y agoWe converted from filing as LLC to LLC filing as S a few years into the company, and it didn't really change much for us. Either way, when you get significant revenue, you need an accountant to do your taxes. I don't remember our costs going up significantly after we switched.
- beachstartup 10y ago> We converted from filing as LLC to LLC filing as S a few years into the company, and it didn't really change much for us. yeah, so why switch if you don't have to
- tptacek 10y agoYou don't have to, but we did to get W2 payroll for principals.
- justinc8687 10y agoI've found in my case, I pay about $2k/yr to have an accountant manage this for me, but save about 4-5k in taxes, so it's worth it financially.