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ifdj
Returning Member

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?

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‎October 27, 2021 9:28 AM
last updated ‎October 27, 2021 9:28 AM
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OpeA1
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Expert Alumni

Book publishing

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-compan... 

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‎October 27, 2021 10:13 AM
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