This is very helpful. Thanks for this post. I was just 'roaming around' for information when I bumped into your comment/reply sir. Thanks! I'm still planning to do Uber and got into some comment by someone that it might be better to open an LLC just for my Uber drives. My thing is, currently, I am a teacher. And, as I had tried before, when I filed my taxes (W2) I got a way bigger refund just because my Uber 'business' was a loss. (Of course, I can't really drive much because of my teaching job - special ed!) So, when considered the LLC format, I wondered if I'd lose that 'advantage' of having a bigger refund (I don't actually know how it worked or, how it will work the next time around.)
So, I wondered, if do Uber as an LLC, what's the advantage or, disadvantage?
I wonder if you could advise me where to get information related to my concern. If you got any...
But, thanks all the same for your very detailed feedback. I got some ideas I never heard of before.
Also, I'll switch to TurboTax the next time I'll do my taxes. (I do them myself, too...using another software...).
