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Business & farm
The LLC is a state designation not a federal one. So if you’re just setting up the company now and you don’t want anything to show up on the personal return then just incorporate to start with. A C corporation is its own entity and files its own return. If you work for the corporation you should get a W-2 on the wages you get paid and you may even issue dividends to all the owners. Please take the time to make the best choice for you and talk to a local tax pro to get educated on these choices/options.
December 26, 2022
2:15 PM
2,054 Views