Posted by William Bronchick on February 05, 2002 at 09:32:27:
You can do the partnership/corp combo, but I think the LLC is easier. As manager of an LLC, state law says you are not liable. Also, tax reporting is easier as H&W, since you can report the income and expenses on your personal return. The LLC still has the same liability protection, asset protection and estate planning features as a LP.