davdear
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Posts posted by davdear
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Good to meet you! I know a little about making corn whiskey and I'm thinking about opening a small place in my area to make and sell spirits. It seems like a lot of experienced people are here so you may see my questions popping up soon!
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Looking for a good used still for making whiskey, but I have limited space and just starting out. Thanks!
-David
Is LLC the best type of entity?
in Federal Gov't
Posted
I am going to open (hopefully) a small craft distillery in the Northeast Tri-State area with a friend and we want to form an entity. Our space is small (900 sq ft) and it will just be the 2 of us for at least the next year- no other investors. We have a distillery name and our first thought was to form an LLC. It seems like many small businesses use the LLC, but I did hear a lawyer say the federal government does not like LLCs as much as other types of entities, like a C Corp. Unfortunately I heard this in passing and don't know the reasons why. Is an LLC good way to set it up? Has anyone experienced any problems related to the type of entity you create?
Thanks!