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new LLC
Hello
I have been working as an independent contractor for a few years now. I had a business set up, however, it was just this year (in 2023) that I turned it into an LLC. I was previously filing one tax return, but I would like to for this year file one for the business and a separate one for myself as a 1099 contractor working for the LLC. I have no other employees (other than myself).
1. My understanding is that I have the option to still file only one tax return (for myself and the business together) since I am the only owner of the business. Is that correct?
2. If I choose to file a separate personal and then one for the business, do I pay double taxes?
Note I live in GA and the business operates from GA. It is a consulting business.
Thank you