Donna F 77
Employee Tax Expert

Self employed

Congratulations on your new business!  The type of business entity that you choose will be based on your specific circumstances.  We would recommend speaking with a tax advisor to determine the best route for you.  However, a lot of businesses start out as sole proprietors initially.  In regards to starting an LLC - that's a great choice for the liability protection against your personal assets.  If you are a single member LLC, you would file your federal tax return as a sole proprietor since IRS does not acknowledge LLCs.

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