LLC vrs S-Corp for 2 Partners

Mar 20, 2006 0 Replies

Hi everybody,



My partner and I live in CA and have a general partnership agreement.



We will be Auto Dealers selling cars to the public. We also will have a Brokering Service.



We were thinking of doing an LLC or S-Corp.



What is the best way to go for taxation, costs, simplicity, liability protection etc.



Thanks for your help,



Dale


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