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Thread: do i need

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  1. #1
    Junior Member
    Join Date
    Nov 2008
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    7

    do i need

    do i need to have an llc,corp,etc. or can i just do business without any of these,i have 2 straight trucks,i run 1 and son runs other.

  2. #2
    18K Member greg334's Avatar
    Join Date
    May 2005
    Location
    Redford, MI
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    19,884

    Re: do i need

    Here is the short answer - no you don't need an corporation or llc.

    BUT ...

    Do you have an accountant or an advisor who can look at your situation and determine which is the best thing for you to do?

    If not I would start there. Each person's situation is different and an LLC/Corp may sound good but it may not be in your best interest.

    Also don't think for a second that a corporation or LLC will protect your assets, they do not. They will only go so far in mitigating risks to the assets.
    Greg
    1999 Freightliner FL70
    Professional International Traveler
    First Member of the 10,000 Post Club


    To become a great chef, you must follow some basic rules;

    #1 – don't stick your finger up your nose after chopping up jalapeno peppers.

  3. #3
    Junior Member
    Join Date
    Nov 2008
    Posts
    7

    Re: do i need

    so i need to talk to an accountant and see what would be my better option,and the way to go

  4. #4
    18K Member greg334's Avatar
    Join Date
    May 2005
    Location
    Redford, MI
    Posts
    19,884

    Re: do i need

    Yes, now the thing is you have to find one that will help you, not just answer questions but actually help you. A lot of them go to accounting school because they are socially dysfunctional (or at least the 15 or so I interviewed to replace mine were, he retired) so don't just pick one and say "I found one". The trick is to see who you are comfortable with and remember you are paying them to advise you.
    Greg
    1999 Freightliner FL70
    Professional International Traveler
    First Member of the 10,000 Post Club


    To become a great chef, you must follow some basic rules;

    #1 – don't stick your finger up your nose after chopping up jalapeno peppers.

  5. #5
    Junior Member
    Join Date
    Nov 2008
    Posts
    7

    Re: do i need

    thanks so much for the help

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