Independent Consulting

What is the name of your state (only U.S. law)? New Jersey

What is the appropriate type of company (LLC, C or S Corp) for independent consulting ?.

mforrest said:

What is the name of your state (only U.S. law)? New Jersey

What is the appropriate type of company (LLC, C or S Corp) for independent consulting ?.

Click to expand...

There are many factors that go into entity selection, as each entity type has pros and cons. A "C corp" and "S corp" are not actually types of corporations (under a state's corporate law) but are tax designations.

Your best bet is seeking the advice of an attorney and your accountant.

What makes you think that any sort of corporate entity is NECESSARY or APPROPRIATE.

As pointed out, it highly depends on your situation. I had substantial income from my consulting business for decades without any sort of corporate entity.

I agree and besides the entities one can be an IC as an individual and sole proprietor. Considering the liability issues, many choose a corporate entity.