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Can you elaborate on how an LLC is a rip-off? (It may also be useful to mention your state). So far, in Pennsylvania, I've had a different experience.
by georgecmu 16y ago
Can you elaborate on how an LLC is a rip-off? (It may also be useful to mention your state). So far, in Pennsylvania, I've had a different experience.
- jasonkolb 16y agoIt depends on what you are doing. If you are losing money and not trying to transfer ownership interests you will have no problem. Once you start making money or want to do anything a tiny bit more complex you have created a hornet's nest for yourself.
- Terretta 16y agoAgain, my last LLC earned 8 figures a year in revenue with several accredited investor bridges under our belts, before taking $27M in funding and converting to C. My current LLC earns 7 figures a year. In both, we did things that were quite complex, and being an LLC made them easy compared to being an S. In my experience, your comments are exactly backwards.