topic Do I Need an LLC? in Self employed

Do I Need an LLC?

kathleenh — Wed, 27 Oct 2021 17:32:40 GMT

I am a salesperson for a company, hired as a 1099 contractor. Should I form an LLC for myself, or continue receiving payment as an individual?

Re: Do I Need an LLC?

Critter-3 — Wed, 27 Oct 2021 17:35:27 GMT

Unless you want to incorporate or get an EIN or are required to do either by the payer it is not needed. Before you do anything get educated on the possibilities ... possibly consult a local professional.

https://www.irs.gov/businesses/small-businesses-self-employed/starting-a-business

Re: Do I Need an LLC?

HollyP — Wed, 27 Oct 2021 18:29:52 GMT

@Critter-3 is correct, you can still receive payments as a self-employed individual. Here is some more info that you can review regarding entity choices: Beginner's Tax Guide for the Self-Employed