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<blockquote data-quote="Warren Allison" data-source="post: 1786298" data-attributes="member: 40587"><p>Yes. an LLC is a method of operating a business, where as an S-corp is a tax strategy. An LLC can file for S Corp status! When I first starting seeing LLCs crop up was in the 0-'s. Big buildin boom going on here back then, and every one and his brother became a contractor. If a builder was developing a sub-division, he would form an LLC for each house, and kill it after the house sold. Lots of subs and/or suppliers got screwed if they were still owed money.</p></blockquote><p></p>
[QUOTE="Warren Allison, post: 1786298, member: 40587"] Yes. an LLC is a method of operating a business, where as an S-corp is a tax strategy. An LLC can file for S Corp status! When I first starting seeing LLCs crop up was in the 0-'s. Big buildin boom going on here back then, and every one and his brother became a contractor. If a builder was developing a sub-division, he would form an LLC for each house, and kill it after the house sold. Lots of subs and/or suppliers got screwed if they were still owed money. [/QUOTE]
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