Question by dog lover: I am opening a child care center Need advice on Incorporating or going with LLC?
PLEASE HELP

I am planning on opening a LICENCED child care CENTER “WITH A PARTNER”. I just need some advice on what is best for me to do. We are in Minnesota if that makes a difference.
“Should I incorporate or LLC???”

Also if anyone is a OWNER of a child care CENTER, please email me if you are ok with me asking you a few questions on how to go about everything (do’s and don’ts)…
Thank You!!!!! 🙂
PS I have heard (DONT HAVE A PARTNER), The reason I am haveing one is because she has private investors, and also has the schooling and backround we need to start this up. Why not do LLC? Please tell me why this is a bad idea? I need informaive answers please…
Thank you!!

Best answer:

Answer by Mathew
There are two aspects of your plan that I would consider unwise. They are “with a partner” and LLC . Neither of those are a good way for a small business to organize.

Know better? Leave your own answer in the comments!

 

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