4 ms·
Are you in the US? If you have a single person company you could have a simple single member LLC set up so profits would flow through to you without getting tax
by weird-eye-issue 5y ago
Are you in the US? If you have a single person company you could have a simple single member LLC set up so profits would flow through to you without getting taxed at the company level.
Of course you'd also have to pay self-employment tax on top of the regular income tax though (can get around some of that by using an S Corp).