Best Business Entity - C Corp, S Corp, LLC?

From: "rip west" <rip@montrose.net>
Subject: Best Business Entity - C Corp, S Corp, LLC?
Date: Fri, 22 Aug 1997 22:29:20 -0400 (EDT)

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Paul Dolce wrote....
<<
I currently am in a partnership with my mother.  As my mother prepares
to retire, I've been told that a switch to a C Corp, an S Corp, or a
Limited Liability Company would be wise.  Any suggestions on which
business form is best for our situation?  Also, what are the tax
consequences of making the switch from our current partnership form to
one of the otherspersfin-digest wrote:
>>

One would have to know a lot more about your situation before advice can be
given. What reasons were give for a switch to Corporation. What are the
plans when you mother retires. Will you buy her out, pay her a pension?
What kind of business is it? Are you both active? I'd like to be helpful,
but without knowing more, its impossible.

rip

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