LLC, S-Corp, or Sole Prop?

[middle89]

I'm working as an independent 1099 contractor starting in 2026, and I'm wondering what I need to do to both protect myself from liability and be most tax efficient? Will an LLC, S-corp, or sole proprietorship protect me in one or both of those areas?

How I determine which one will be best for me? Can TurboTax help me determine which one will help or convert to it?

[LaShaunA3]

This is one of those decisions where it’s best to consult a EA, CPA and business attorney, because the right choice depends on your income, risk level, and state laws. 

You can also review the IRS overview of business structures here

Business structures