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Article: Colorado Entrepreneur Finds Unclear Choices in Incorporation.(Originated from Daily Camera, Boulder, Colo.)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 23, 1997
- Author:
CopyrightCOPYRIGHT 1997 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Jun. 23--When Christopher Parrett started his small computer software firm four years ago, he knew the best place to be was Boulder because of its growing reputation as a high-tech center.
But when he researched how he should organize his fledgling company, Abysmal Diving Inc., his decisions weren't quite so clear.
Should the company be incorporated and, if so, in what form? Should he protect his personal finances in case his business fails by forming his company as a C-corporation? Or should he help it along by avoiding paying more federal taxes, using S-corporation rules? Should he become a limited liability partnership or a limited liability ...