Posted by: DariusBarazandeh
07/13/2004, 14:47:51
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The single member LLC can get you into trouble and the law is still pretty fresh. If you want to be sure that the LLC is protecting you then find another member. Remember that the S corporation will allow the income to flow to you personally. This is not always the best situtation if you are in a high tax bracket or what to keep income in the corporation. If you are holding rental property stick with the LLC and make sure you have at least two members. http://www.assetprotectiontheory.com/single_mem_llc.htm
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