Input Wanted on Small Business
Discussion in 'Ask An Owner Operator' started by ihford350, Jan 15, 2010.
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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So i get that this has no upside for me, i would like to thank you guys for your input, im wondering now what your thoughts are as to the two different types of deductions and which one most truckers use.
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The LLC is viewed by the IRS almost the same as a sole prop or partnership would be anyway. Full incorporation is just not that cost effective or beneficial. Some argue that incorporating will save you and your personal stuff from lawsuits. That is unrealistic. Since you are the CEO of the corporation, they can go after you just as easy for business decisions you make or, since you are the driver, they can mess your life up just like any other driver. Just ask the former executives at Enron. Remember that Bernie Madoff who swindled all those investors out of billions was the CEO of his corporation. Where is he sitting now?
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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