I may need to create an LLC this year and am a bit confused on the
"Pass Through" feature of S-Corp and generic LLC.
if the profits pass through to you as an individual, won't the tax rate be equal to self employment tax rate?
so besides the Limited Liability benefits of owning an LLC, there are no real income advantages?
besides maybe business cost write offs like equipment and that type of stuff?
"Pass Through" feature of S-Corp and generic LLC.
if the profits pass through to you as an individual, won't the tax rate be equal to self employment tax rate?
so besides the Limited Liability benefits of owning an LLC, there are no real income advantages?
besides maybe business cost write offs like equipment and that type of stuff?
from So in a nutshell, LLC = less taxes VS Self Employed?
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