4 ms·
I have a LLC and fill out a Schedule C simply because at the end of the day there's very little profit to claim (I reinvest most of the money). I've read some
by yourentwesplit 16y ago
I have a LLC and fill out a Schedule C simply because at the end of the day there's very little profit to claim (I reinvest most of the money).
I've read some entrepreneurs claim that over $50,000 in Net Income should warrant conversion to a C-Corp but that's definitely not set in stone.
Of course, I don't know your situation (i.e. are you making any money yet?), so I can't comment fully. But if you're not wanting to pay for a tax accountant then sticking with a schedule C seems to make more sense in the interim.