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Sole Proprietor to LLC Single Member Questions
I have been a sole proprieter the last couple years. I now am a single member LLC but I also have a part time job 24.5 hrs per week.
I have some questions here.
1.How will my taxes be different now?
2. Do I need to file quarterly taxes?
3. If I reinvest 100% of my profit back into my business which is my plan, how do I report that on my taxes so they know I'm not taking in that as income/profit?
May 4, 2020
7:41 AM