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ifdj
Level 1
Oct 27, 2021 4:28 PM UTC
Question

Book publishing

Is it more tax advantages to create an LLC to receive the royalties and pay myself as an employee? Also from expenses perspective?

    1 reply

    OpeA1
    Level 6
    Oct 27, 2021 5:13 PM UTC

    It all depends on many factors. So to be sure, it is best to understand how the IRS treats an LLC, then you can decide which will be best for your situation. Please see the link to the IRS site for LLC: 

    https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies 

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