@originaldohnthornton03: You register with the state, file reports every year, lose anonymity, and the minute your business shows profit... Uncle Sam gets paid. Then one serious lawsuit comes along and that corporate veil everyone brags about gets tested fast. That's why some owners are walking away from statutory entities and running business through a contract law spendthrift business trust instead (info purposes only; not a licensed tax, legal, or accounting professional; #lawsuit #taxsavings #assetprotection #taxeductions #LLC