Freelance Taxes

Out of context: Reply #34

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  • skelly_b0

    I've had an S-Corp but ended up dissolving it because the Annual Report and associated fees became tiresome. I now have my company setup as an LLC. For a freelancer the tax benefits are the same. The LLC just has less paperwork involved in maintaining it. If you are going to start a larger business with employees and partners there can be some big advantages to a C-Corp. These have more paperwork involved then all of them, but for larger businesses they have the most tax advantages.

    skelly_b 0Permalink
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    • I will add some of this varies from state to state. It is always good to consult a good accountant on all this.skelly_b
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