Hi @mindypasternak !
Congratulations on your new business!
You tax situation will greatly depend on your entity classification with the IRS. If you are a single member PLLC, you will default to a sole proprietorship and file on a Schedule C along with your personal 1040, unless you make an entity election to be taxed as a corporation.
If you are a single member and remain a sole proprietorship, this may be a useful resource for education on estimated tax, self-employment tax, and general business organization:
https://turbotax.intuit.com/personal-taxes/self-employment-taxes/
If you are a multi-member PLLC, you will default to be taxed as a partnership, unless you make an entity election to be taxed as a corporation. Here is a resource regarding entity elections: https://turbotax.intuit.com/tax-tips/small-business-taxes/limited-liability-company-taxes/L5TDDlstC
The taxation of S-corps and partnerships is similar in that they both "pass-through" to the individual level, but there are some marked differences that may or may not be beneficial to you. Here are some resources that may help you decide:
https://www.thetaxadviser.com/issues/2022/oct/10-good-reasons-why-llcs-should-not-elect-s-corporatio...
https://turbotax.intuit.com/tax-tips/small-business-taxes/do-chapter-sub-s-corps-file-personal-tax-r...
https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-form-1065/L5UpOREHb
Hope this helps!
Cindy
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