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hipaley2020
Returning Member

LLC creation

I files an LLC 2 weeks ago. How does that effect my Unemployment in come and the PUA income I received in 2021.

 

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3 Replies

LLC creation

Not sure what you are asking about ... simply setting up an LLC  doesn't affect your ability to get unemployment benefits.  

hipaley2020
Returning Member

LLC creation

Does it protect any of the income from taxes I have to pay.?

 

LLC creation

A single member LLC  is absolutely no different then a simple sole proprietor so it saves you nothing.  

 

Before you do anything get educated on the possibilities on the different business entities ... I believe you are thinking about incorporating  ... possibly consult a local professional.

 

https://www.irs.gov/businesses/small-businesses-self-employed/starting-a-business

 

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