create an llc

lacross

lacross

New Member
You can still be an independent freelancer and not make a profit during a tax year. Your best method of determining whether to file as an S-Corp is whether you're making a real profit. If you are, filing this way is clearly the best option. I have interest in create LLC. I check info about how to form an llc in idaho An LLC or a Limited Liability Company is a hybrid business entity combining a corporation’s characteristics with a partnership or sole proprietorship. It separates your personal assets from your business assets, thus giving you personal asset protection.
 
gaser

gaser

New Member
Apparent in the name, a sole proprietorship is a single person who owns an LLC. Choosing this option would mean that you would report the business’ profits and expenses on your personal tax return.
 
T

tomoki

New Member
Corporations, on the other hand, must distribute profits to shareholders according to the number and types of shares they hold.
 
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