from http://www.adultfyi.com/read.php?ID=22762

Can someone tell brain wizard Ric Williams, who claim to have run Fortune 500 companies that you CAN'T INCORPORATE a limited liability company [LLC] in California or any state.

Rick, there is a huge difference between a corporation, a Sub Chapter S corporation and a limited liability company.

The term INCORPORATE means turning a company into a CORPORATION. A limited liability company IS NOT a corporation.

Yes, they have similar liability protections but are still vastly different. Yes a sub-chapter S corporation shares some tax advantages as a LLC in the eyes of the IRS.

But at the end of the day, a LLC is NOT a corporation.

Black Widow Talent being "INCORPORATED" or formed as a LLC doesn't mean diddly squat to talent or producers that use your company. All that means is now you are trying to protect your personal assets if and when you start ripping off talent or anyone else.

hmmm sounds like Black Widow Distribution stiffing people and creditors trying to collect but Rick claimed the company was broke.

Watch out talent, they are preparing themselves for ?????

Your point is 100% correct. What I don't get is why you would send out a press release to tell people your incorporated. Big deal.

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What I don't get is why you would send out a press release to tell people your incorporated. Big deal.

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In porn, most agents/pimps are not incorporated or licensed so it kinda is.

Michael

PrimeTimeUncensored.com

LLCs are relatively new, but there is nothing wrong with them. You have to register and file articles with the Secretary of State, so I don't see how that's different from incorporating.


"The main benefit of an LLC or a corporation is that these structures limit the owners' personal liability for business debts and court judgments against the business.

What sets the corporation apart from all other types of businesses is that a corporation is an independent legal and tax entity, separate from the people who own, control and manage it. Because of this separate status, the owners of a corporation don't use their personal tax returns to pay tax on corporate profits -- the corporation itself pays these taxes. Owners pay personal income tax only on money they draw from the corporation in the form of salaries, bonuses, and the like.

Like corporations, LLCs provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their shares of the business income on their personal tax returns.

Corporations and LLCs make sense for business owners who either 1) run a risk of being sued by customers or of piling up a lot of business debts, or 2) have substantial personal assets they want to protect from business creditors."

More info straight from the horse's mouth at http://www.ss.ca.gov/business/llc/llc_faq.htm