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[quote=Anonymous][quote=Anonymous]My husband and I want to set up our own consulting business for work we'll be doing on the side, apart from regular day jobs. I looked briefly at the LLC option, but it seems like the income taxes are pretty high and it requires a bunch of other stuff we'll never need. (We will never have employees, for example.) Are we better off setting up a PC? I know very little about this kind of thing, so any tips or suggestions about where to start would be very appreciated![/quote] Can't speak to the other issues, but from a tax standpoint I don't think it makes any difference between LLC or PC. You'll be a passthrough entity in either case, paying taxes at your top personal marginal rate. You don't want to be a corporation for a variety of reasons, but one of them is the double taxation component. Are you and dh going ot be equal partners? You should consult a lawyer.[/quote]
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