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Topic	Any B8ers good with tax questions? (LLC vs Sole Proprietor)
Colegreen_c12 12/01/20 11:19:52 AM #4:	ShatteredElysium posted... From what I understand if I do sole proprietor it just gets bundled in with my own personal taxes and if I do LLC it becomes its own entity Also to answer this I believe you can tax an LLC as a sole propitiership anyways if theres only one owner. At the end of the day though both are taxed once. They aren't like a c corp where the corporation and the individual are both taxed. I believe LLC actually gives you more options for taxation purposes but not sure if it would help you or not --- DPOblivion beat us all. <cite>Colegreen_c12 posted [p:947799934] in Any B8ers ... [t:79146294]...</cite> <quote>ShatteredElysium posted... </cite> <quote>From what I understand if I do sole proprietor it just gets bundled in with my own personal taxes and if I do LLC it becomes its own entity</quote> Also to answer this I believe you can tax an LLC as a sole propitiership anyways if theres only one owner. At the end of the day though both are taxed once. They aren't like a c corp where the corporation and the individual are both taxed. I believe LLC actually gives you more options for taxation purposes but not sure if it would help you or not --- DPOblivion beat us all.</quote> ... Copied to Clipboard!
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