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Go Back   Law Forums at Onlypunjab.com > BUSINESS AND FINANCIAL LAW > Business- Starting & Operating Principles.

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  #1  
Old 05-17-2007, 04:20 AM
Silmon Silmon is offline
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Join Date: May 2007
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Default LLC or S corp - better choice?

Hello folks,
I am looking to begin my own business as an IT consultant/contractor. I would be subbing through another company and it would be working for a government agency. I want to know whether LLC or S Corp is better to choose?
Please help me.
Regards,
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  #2  
Old 05-17-2007, 04:24 AM
Laura Laura is offline
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Join Date: Apr 2006
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Thank you Silmon for posting your queries.... legalexpert will be posting a response to your questions within 24 hours.
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Old 05-17-2007, 07:06 AM
legalexpert legalexpert is offline
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Posts: 360
Default Re: LLC or S corp - better choice?

I think for an IT contractor, the S Corp is a better choice than the LLC because of the flexibility of tax allocations.
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