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kathleenh
New Member

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

Do I Need an LLC?

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

HollyP
Employee Tax Expert

Do I Need an LLC?

@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 

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