@jpackar wrote:
Is there another benefit to becoming an llc over self-employed aside from liability? Anything better with taxes as an llc?
No. A single member LLC files the exact same tax return as an unincorporated sole proprietor.
If you are wondering how much to ask for your services, you probably want a premium of 20-40% compared to being on salary, although that can vary widely with the type of job.
My own employer tells me that my benefits (legally required government benefits, plus medical insurance and retirement contributions) cost them an additional 40% more than my stated salary.
Your state and federal income tax will be the same either way, but you will pay an extra 7.65% social security if you are self-employed (compared to being an employee) and you have to make your own arrangements for health insurance and retirement.
