December 1, 2007 8:14 AM EST
In a nutshell . . .
I`m on a shoe string budget, but I want to:
1. Legally separate myself from my business entity and thus significantly reduce my personal financial, legal and tax liability.
3. Avoid excessively complicated tax paper work. (Hopefully only doing this annually, rather than quarterly).
4. Reduce taxes as much as possible.
I am a California resident and I have considered starting an LLC in Delaware; thread:http://www.startupnation.com/forums/8976/1/1#PID79871
But I wouldn`t want to do this if it`s going to make my tax situation ridiculously complicated. (I will likely be doing my own taxes for the first two years that my LLC is in operation.)
What would you experienced and knowledgeable folks recommend that I do?
quickfoot212/1/2007 5:05 PM