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?
You'll need to sign in or create an account to connect with an expert.
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
@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
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
lugar-darin
New Member
hgagnon73
New Member
Ojnor
Level 1
xmir
Level 1
xmir
Level 1