LLC vs C

[Pete Massiello <pmassiello@xxxxxxxxxxxxxxxx>]

They both provide unlimited liability, but the problem with an LLC is that it is
not recognized by every state in the same way that a C corp is. The LLC has
different rules, and as I remember was only recognized by 37 states about 3 
years
ago.  I think a C Corp is recognized by each state due to the Uniform code act
some 50 years ago.  In addition, I beleive that benefits are expensed 
differently
for the owners of an LLC vs a C Corp.  An LLC is essentially a partnership with
unlimited liability, and you must have atleast 2 people (Or companies) to be 
able
to start one.  Who knows how much of this has changed. A word to the wise, be
careful, as I am an AS/400 techy, not a Lawyer.

Pete Massiello


Bob Spinks wrote:

> Is an LLC the same as a C Corp?
>
> Bob
> +---
> | This is the Midrange System Mailing List!
> | To submit a new message, send your mail to MIDRANGE-L@midrange.com.
> | To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com.
> | To unsubscribe from this list send email to MIDRANGE-L-UNSUB@midrange.com.
> | Questions should be directed to the list owner/operator: david@midrange.com
> +---

--
Pete Massiello
OS Solutions International
Phone: (203)-744-7854  Ext 11.
http://www.os-solutions.com
mailto:pmassiello@os-solutions.com


+---
| This is the Midrange System Mailing List!
| To submit a new message, send your mail to MIDRANGE-L@midrange.com.
| To subscribe to this list send email to MIDRANGE-L-SUB@midrange.com.
| To unsubscribe from this list send email to MIDRANGE-L-UNSUB@midrange.com.
| Questions should be directed to the list owner/operator: david@midrange.com
+---