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Self employed
HI, if your single member LLc you can be classified as a disregarded entity and chose to pay yourself as either a salaried employee and file a w-2 . That will be considered an operating expense for your LLC and reduce your company's profits or you chose to pay yourself as an independent contractor an issue yourself a 1099-MISC , you will be responsible for paying self employment taxes on the amount you earn.
Also this can all be filed on a 1040 with self -employment schedule C .
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‎August 31, 2022
2:57 PM
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