rosha-ent
New Member

I started coaching biz & want to start an LLC but if I wait until 2021 I'll save $1600 but don't want to get audited,should I choose LLC or sole proprietorship in 2020?

I want LLC because of the liability separation but if you register in 2021 the $800 tax is waived in CA (Where I live). Can I change Sole prop to LLC and does it cost me anything?