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Business & farm
I guess my question was why not continue as Self Employed/Sole Proprietorship (you can set up an LLC for legal protection, and still be taxed as Self Employed/Sole Proprietorship)?
Being Self Employed/Sole Proprietor is simpler and MUCH less paperwork. Yes, the distributions (which should me very minimal with that type of work) and medical insurance for a S-corporation saves some Social Security and Medicare taxes, but will that savings offset all of the other work and expenses involved with a corporation?
Being Self Employed/Sole Proprietor is simpler and MUCH less paperwork. Yes, the distributions (which should me very minimal with that type of work) and medical insurance for a S-corporation saves some Social Security and Medicare taxes, but will that savings offset all of the other work and expenses involved with a corporation?
‎June 3, 2019
4:45 PM