I agree with the comments, but my experience was I did very well the first year. As a sole proprietor, I got hammered in taxes. I immediately created an LLC (moved to S Corp) and created another single member LLC management company for certain schedule C items. Best thing I’ve ever done is get smart with taxes and hire a good CPA. I learned the hard way. Never again.
I agree with the comments, but my experience was I did very well the first year. As a sole proprietor, I got hammered in taxes. I immediately created an LLC (moved to S Corp) and created another single member LLC management company for certain schedule C items. Best thing I’ve ever done is get smart with taxes and hire a good CPA. I learned the hard way. Never again.