topic Is there any benefit to forming an LLC before the current tax year is over? in Get your taxes done using TurboTax

Is there any benefit to forming an LLC before the current tax year is over?

lsalazar1985 — Tue, 24 Feb 2026 08:13:52 GMT

Planning to get a small business license and I want to know if there are any benefits or detriments involved in starting the application before the tax year is over. Thanks!

Re: Is there any benefit to forming an LLC before the current tax year is over?

Bsch4477 — Sat, 30 Dec 2023 02:01:08 GMT

There’s no tax benefit.

Re: Is there any benefit to forming an LLC before the current tax year is over?

xmasbaby0 — Sat, 30 Dec 2023 04:22:04 GMT

And...you are asking your question on a Friday leading into a holiday weekend. The next business day will be Tuesday, Jan. 2, 2024.