Hello and great question. I'm not sure if you have taken money out via distributions. If you have, I recommend that you work with your bookkeeper to reclass som...
Hi@sf94 Great question! So remember that LLC's are normally formed at the state level. If you chose to be SMLLC, generally it goes right onto your Schedule C. H...
Hello@coumbak! So there are two methods to home office deductions. Once is called the simplified method and the other is percentage of your home used. I love th...
Hello and yes starting a new business in a huge endeavor and it comes with more responsibility. As you mention becoming an LLC would not have any huge financial...
