10/07/2026
Did you form an LLC this year? One of the biggest misconceptions I hear from new business owners is that forming an LLC automatically changes how they file their taxes. — It doesn’t. A single-member LLC is taxed as a sole proprietorship unless you elect a different tax classification. Before tax season, make sure you understand how your business is taxed and which form you are required to file. Starting the business is only the first step. Understanding how your business is taxed is crucial to filing correctly. LLC