Best Partnership LLC Type?
I have a partner who lives in ATL and I live in NY. What's the best type of LLC or partnership should I do? We're building a website together that will generate revenue. Any advice would be appreciated.
- EvaLv 78 months ago
There is no "type". A multi member LLC is a partnership by default for tax purposes. The only difference between the two is the legal protection offered by the LLC. A LLC can also choose to be taxed as a corporation. The ramifications of that are too involved to go into here.