Skip to main content
TurboTax
Community
TurboTax
TurboTax
H
hipaley2020
Level 2
October 27, 2021
Question

LLC creation

  • October 27, 2021
  • 1 reply
  • 7 views

I files an LLC 2 weeks ago. How does that effect my Unemployment in come and the PUA income I received in 2021.

 

    1 reply

    Critter-3
    Critter-3
    Level 15
    October 27, 2021

    Not sure what you are asking about ... simply setting up an LLC  doesn't affect your ability to get unemployment benefits.  

    H
    hipaley2020Author
    Level 2
    October 27, 2021

    Does it protect any of the income from taxes I have to pay.?

     

    Critter-3
    Critter-3
    Level 15
    October 27, 2021

    A single member LLC  is absolutely no different then a simple sole proprietor so it saves you nothing.  

     

    Before you do anything get educated on the possibilities on the different business entities ... I believe you are thinking about incorporating  ... possibly consult a local professional.

     

    https://www.irs.gov/businesses/small-businesses-self-employed/starting-a-business

     

    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Explore your options
    Terms & ConditionsAccessibility statement
    Sitemap
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2026 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, Credit Karma, and Mailchimp are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    About Cookies Manage cookies

    TRUSTe nResult Certified e-File C-Level Security Certification
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026 Intuit Canada ULC or its affiliated companies. All rights reserved. Intuit, QuickBooks, QB, TurboTax and ProFile are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice.

    Copyright © Intuit Canada ULC, 2026. All rights reserved.

    About Cookies Manage cookies

    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    © 2026, Entreprises Intuit Canada ULC ou ses sociétés affiliées. Tous droits réservés. Intuit, QuickBooks, QB, TurboImpôt et ProFile sont des marques déposées d’Intuit Inc. Les modalités, prix, fonctions et options de service et de soutien peuvent changer sans préavis.

    © 2026, Entreprises Intuit Canada ULC. Tous droits réservés.

    À propos des témoins Gérer les témoins