Please upgrade your web browser

These pages are built with modern web browsers in mind, and are not optimized for Internet Explorer 8 or below. Please try using another web browser, such as Internet Explorer 9, Internet Explorer 10, Internet Explorer 11, Google Chrome, Mozilla Firefox, or Apple Safari.

Which incorporation S corps or LLC is feasible for a cleaning business just starting out.

Veteran

Christopher Ludd Lakeland , FL

21 January 2014 7 replies Small Business

Answers

Advisor

Cedric Cook Richmond , TX

Mark - I think that you may have gotten them backwards. My experience is that an LLC is least-expensive since there is no "board" requirement and certainly filing fees are less.

Regards,
Cedric

21 January 2014 Helpful answer

Advisor

Janice Clark Tampa , FL

You have to think like the wealthy and believe that it is possible.
An LLC is feasible in the cleaning business.

Advisor

Thomas Luten Lebanon , TN

The LLC is simpler, easier and most cost effective.

Advisor

Christian Giggy Battle Creek , MI

You could file as an LLC or an S Corp, but if this is a one man cleaning business you could also just file as a Sole Proprietorship and use your social security number when filing taxes. Just be sure to read up on your local laws to see if they would require a DBA (Doing Business As) or a TIN (Tax Identification Number). I think a cleaning business would be a great way to start out, but if you think bigger you may find that you have the capabilities to start a home maintenance business that incorporates cleaning, gutter cleanouts, window washing, lawn service and minor repairs that don't require a specialized license. Also be sure to become bonded through an insurance agency.

Veteran

Andreia Farias Columbia , MD

I am confused. Which one is better 'S' or LLC?

Advisor

Mark Russell Altamonte Springs , FL

Hello:
The least expensive route would be to create your company as an 'S' corporation. All profit would be taxed at the tax rate you achieved for that year. LLC's are set up primarily for companies that may have a number of working shareholders In them that need more accounting and may support several legal entities of different firms under the shareholders control.
Hope this helps.
Regards,
Mark.

Advisor

Stephen Sherwood Naperville , IL

I found a great resource to help answer your question. I cannot give account either way but the Small Business Association (SBA) is always a great place to look. The below is an article that discuss your same question.

http://www.sba.gov/community/blogs/community-blogs/business-law-advisor/should-my-company-be-llc-s-corp-or-both

Hope it helps some.

Your Answer

Pleaselog into answer this question.

Sign Up

You can join as either a Veteran, Advisor or a Spouse.

An Advisor already has a career, with or without military experience, and is willing to engage with and help veterans.
Sign Up as an Advisor.

A Veteran has military experience and is seeking a new career, or assistance with life after service.
Sign Up as a Veteran.

A Spouse is married to a current or former service member and is seeking career advice.
Sign Up as a Spouse.