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New Member

Washington resident working as an Independent Contractor for a California company

I've been working for this company as an independent contractor for a number of years. I have been using an LLC (with S Corp election) and I am the only member and employee.

 

However, I am planning to downsize and save cost.

 

I am thinking of revoking my S Corp election or closing down the LLC and performing my business as a sole prop. Which way is more beneficial?