07/24/2021
Here are some advantages of setting up an LLC.
*Pass-Through Taxation
An LLC business structure protects your personal assets from business liabilities but also offers pass through taxation. Your LLC will not have to pay any LLC taxes. Instead, the owners of the LLC will pay personal income on the profits of your LLC.
*Tax Deductions
Forming an LLC makes it easier for you to deduct business expenses from your taxable income compared to other business structures. (Rent, Travel, Insurance Premiums, Donations and more.
*Taxation Flexibility
You can choose to have your LLC be taxed as: A Sole Prop, Partnership, S- Corp or C-Corp.
To discuss more on what the best options are for you, contact me for a consultation and how to get started.