4 ms·
An LLC can choose its tax status - that can be as a sole proprietorship (for single member LLCs; basically it all goes on your personal return), as a partnershi
by uiri 10y ago
An LLC can choose its tax status - that can be as a sole proprietorship (for single member LLCs; basically it all goes on your personal return), as a partnership/S corp or as a C Corp.
I agree that you should either do a domestic LLC or a Delaware C Corp depending on whether you want a lifestyle business or a high growth venture capital-backed startup.