I spent 3 hours with my tax preparer today. I am an LLC corp but he was going over some options with me to make the most of my money. He said that I could just file my company as "trading as" so I won't have the 6% Maryland tax charged on my gross income and do an Article of Cancellation to get rid of the LLC. Also, I have to do a personal property inventory with a nice check to the state for $300 a year for that. I know that just filing a "trading as" (Prosperity Abstracting) will leave me wide opened to be sued personally.
To be an LLC, an S Corp, a C Corp, a "trading as", that is the question. Guess I'll hire an attorney to help me with this one.
Anyone willing to share with me what they have and how it benefits them?
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