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Updated almost 7 years ago on . Most recent reply
advice for tax preparer?
Anyone in the San Antonio area ever used Sherwood Tax Solutions? I had a good conversation with an EA there. any help would be great. Thank you all.
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#4 Buying & Selling Real Estate Contributor
- Accountant
- New York, NY
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#4 Buying & Selling Real Estate Contributor
- Accountant
- New York, NY
@Travis Buck
I likely wouldn't get legal advice from an EA or CPA.
From my interpretation a single member LLC(if operated 100% like a business) should afford you the same asset protection rights as an S-corp.
S-corp is also a "pass-through" entity...so his counter argument should be null there.
If someone is going to go sue you - they don't look whether or not you filed a tax return.
Again - i'm a CPA so I wouldn't take legal advice from me.
You should get back to the EA if he knows personally anyone who was sued personally for an act that his/her LLC did
- Basit Siddiqi
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