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New Member
posted Oct 27, 2021 10:32:40 AM

Do I Need an LLC?

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?

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2 Replies
Level 15
Oct 27, 2021 10:35:27 AM

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

Employee Tax Expert
Oct 27, 2021 11:29:52 AM

@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