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Business & farm
You should really discuss your situation with a legal and a tax professional before taking any action one way or the other.
One fact to keep in mind is if you register a new LLC and you are the only member then, unless you make an election to be taxed as a corporation (S or C), your LLC will be treated as a disregarded entity for federal income tax purposes (you will file on Schedule C for the company).
‎April 17, 2020
12:31 PM
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