Notes for ODC.

Incorporation:

LLC:

- Advantages of LLC:     protection of assets from creditors

                                   No required meetings, notes

                                   No shares required for single/married couple

                                    Taxes can flow through to owners

- Costs of an LLC:         may not be a financially feasible idea since the minimum LLC annual fee is $800 to the state. 

Sole Proprietorship:

- Advantages of SP:    No Annual State Fees

                                No required meetings or shares

                                Taxes automatically flow through to owners personal taxes.

- Dissadvantages of SP:

                                No protection of private assets.