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	Subject - LLC or Sole Propritor? cvelectric I'm pretty sure I want to change from sole prop. to LLC. I'm a one man show and I'm looking to cover my personal assets. I got some software, LLC Maker,from nolo.com (law for everyone) for $69.95. it looks pretty good. Anyone know anything about this software or nolo.com? Should I get an attorney to do this for $900.00 instead? MONOLITH What's the benefit of going LLC instead of Corporation? I went Corporation, because I had a couple of books at the time that steered me away from LLC, just can't remember what the reasons were at the moment. kiwisholland my accountant said stay away from LLC and go S-corp, he gave a bunch reasons which I too forgot. MONOLITH Yeah, I'm S-Corp. In fact I have until Tuesday to file and keep my S corp status for the coming year. I'm a terrible procrastinator. CV...do a lot of research. The type of business structure you choose has profound effects on taxation benefits and other things. kbsparky S-Corp. You can limit liability, and take a percentage of your profits as distributions of income, which are not subject to payroll taxes. That is, unless you think that Social Security is a good investment David Hyatt I went LLC from sole proprietor 1 year ago. I did that to protect from being sued personally. My company can be but I can't. As far as taxes nothing changed. Now that I have hired some folks and have payroll I may change to S- Corp but I doubt it.