I recently set up a new business as a single member LLC in the state of Georgia for myself as the only employee. For tax purposes, I filed form 2553 with the IRS asking to be granted tax status as a Sub-S corp (pending). Assuming the IRS grants my request, will I need to start paying GA State Unemployment taxes as a Sub-S with only 1 employee (myself)?
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@G_Wheeler wrote:
....will I need to start paying GA State Unemployment taxes as a Sub-S with only 1 employee (myself)?
I'll page Champ @DoninGA but you most likely will since you will be an employee of your corporation.
There may be an exception, however, for the sole shareholder of a corporation.
Sorry this is a section of the GA tax code I am not familiar with to help out.
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