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Re: LLC benefits (going from Sole Proprietor)

 

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Subject Author Date
Re: LLC benefits (going from Sole Proprietor) Stuart A. Bronstein 10-24-2006
Posted by Stuart A. Bronstein on October 24, 2006, 7:08 am
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> with respect to single member LLC privacy, if you have to
> give a SSN as your TIN, people with a bit of brains can
> figure things out. The way to avoid this is for the LLC to
> get its own TIN, which I guess amounts to an election to be
> taxed as a corporation. I didn't bother. I have the
> "corporate veil", and a bit of privacy, but not full
> privacy.

Even a sole proprietor can get a TIN for his business, so
getting one shouldn't imply any election whatsoever.

Stu

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