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Updated about 9 years ago,

Xai Xiong's profile image
Xai Xiong's profile image
Xai Xiong
Pro Member
  • Flipper
  • from Minneapolis, Minnesota
  • Member since Oct 31, 2015
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33
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Xai Xiong's profile image
Xai Xiong's profile image
Xai Xiong
Pro Member
  • Flipper
  • from Minneapolis, Minnesota
  • Member since Oct 31, 2015
Connect
Xai Xiong
Pro Member
  • Flipper
  • Minneapolis, MN
9
Votes |
33
Posts
Goals, Business Plans & Entities

Should I create an LLC, elect it to be S-corp status for $555

Xai Xiong
Pro Member
  • Flipper
  • Minneapolis, MN
Posted

Just starting out and have 2 other partners. We had a free consultation with a tax professional and he suggested we create a LLC with S-corp status for tax purposes. $400 for making sure everything runs smooth and $155 for the fee. Is this a fair price? To high? Any input is appreciated.

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