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Learning
Photography Business
LLC vs. Sole Proprietorship
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<blockquote data-quote="PhotoAV8R" data-source="post: 45266" data-attributes="member: 939"><p>My "day job," for now, is taxes. And, from a tax perspective, you're really talking apples and oranges. An LLC is not a form of business under the federal tax code. Those are corporations (C and S), partnerships and sole proprietorships.</p><p></p><p>An LLC is a designation under state law. The intent is to provide liability protection for the principles of the entity. The underlying business files its tax return as one of the other types. If you want or need that protection, form an LLC under your state regulations. You still have to decide how to file your tax return.</p><p></p><p>BWTHDIK</p></blockquote><p></p>
[QUOTE="PhotoAV8R, post: 45266, member: 939"] My "day job," for now, is taxes. And, from a tax perspective, you're really talking apples and oranges. An LLC is not a form of business under the federal tax code. Those are corporations (C and S), partnerships and sole proprietorships. An LLC is a designation under state law. The intent is to provide liability protection for the principles of the entity. The underlying business files its tax return as one of the other types. If you want or need that protection, form an LLC under your state regulations. You still have to decide how to file your tax return. BWTHDIK [/QUOTE]
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LLC vs. Sole Proprietorship
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