LLCs and Taxes: What You Need To Know

One of the most common questions I receive during tax season is how LLCs affect taxes. My answer sometimes surprises people: Your LLC has nothing to do with taxes. 

There’s a lot of misleading information out there about LLCs and taxes, so today I’m going to lay out the facts and dispel some myths so that you are armed with the knowledge you need to make the right decisions for your business. 

In this episode, we’ll cover: 

  • Why filing for an LLC is important step for new businesses, regardless of your current revenue
  • The best DIY and DFY options available for filing for an LLC. 
  • How LLC protection works
  • How to decide if it’s time to make an S-Corp election (Take a listen to our S-Corp episode to learn more!)

As always, remember:

Are you ready to establish your LLC? Email me at [email protected] before the end of January, mention this podcast, and I will set you up with a special offer to establish your LLC! 

Which part of your business is in need of Review? Take a screenshot of this episode, add it to your Instagram Stories, tag @andreasagerlaw and let me know! Plus, follow our brand new IG, @legalpreneur!

Sign up for Legalpreneur Text Alerts

Text ‘PODCAST’ to 832.225.3164 to enroll in our Legalpreneur text alerts! You’ll receive alerts about new episodes, exclusive giveaways, and more. It also will allow you to chat 1-on-1 with me! 

Links: 

Instagram 

Website 

Facebook

Twitter 

TikTok – We’re blowin’ up!

Transcript

Disclaimer: 

The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020

—- 

Other Related Episodes

Episode 210: Strategy to Create a Life, not just a living

After many successful years in the corporate industry, Danielle started her role championing 6-7 figure CEO’s as they streamline and scale their businesses. Building a profitable business that is sustainable requires hard work and strategy. Danielle provides strategy, sales and operations expertise to support you in your growth.

LISTEN NOW
Episode 209: How to Structure a Partnership

Are you thinking of going into a partnership? If so, I highly recommend you listen to this episode before you jump in. Are you currently in a partnership? This is the episode for you. I am passionate about protecting you and your partners! So listen all the way to through for some sound advice.

LISTEN NOW
Episode 208 All About Credit Card Rewards

Are you utilizing credit cards to your advantage? Did you know that you can earn points and rewards that can benefit you and your business? If not, you should! And I am linking some of my favorites below for you to check out.

LISTEN NOW