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Almond Tree

I became a LLC 2 years after starting my family daycare. I liked the idea of seperating my personal from business assets though it remains unclear if this is really so with a LLC. I also thought the LLC distinction makes for a more professional image in general and especially among the sea of daycare centers that are incorporated. I still operate as a sole proprietorship and file the same schedue c form and pay a nominal annual filing fee of $15 to maintain my LLC.

Tom Copeland

The proper way to identify how you are operating is as a single person LLC, not as a sole proprietorship.


Ok if you don't choose to set a LLC how your pay your taxes and how covinence is to have a pay roll for your employees? which is the best way to do or pay your own taxes as a provider when you have a payroll ? because I can no be in the payroll if I dontn incorporaret the business .

Tom Copeland

When you file your taxes as a single person LLC, you fill out your tax forms exactly the same as if you were a sole proprietor. In fact, by looking at your tax return you won't be able to tell you are an LLC. You can hire employees as an LLC. Do it in the same way as if you were a sole proprietor. Whether you are an LLC or a sole proprietor, you don't hire yourself as an employee. Instead, take out money for yourself whenever you want. There are no payroll taxes for you as the owner. You can pay in estimated taxes quarterly or have your spouse withhold enough in taxes to cover you.


Hm nice sharing about LLC thanks for the sharing

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