Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
I am forming an LLC and subchapter s to save some social security tax. Right now I file as self employed ie no LLC or corp.
I am a non resident agent in around 20 states. Do I have to pay all those state registration fees again, or can I just change from my name to an LLC?
I am forming an LLC and subchapter s to save some social security tax. Right now I file as self employed ie no LLC or corp.
I am a non resident agent in around 20 states. Do I have to pay all those state registration fees again, or can I just change from my name to an LLC?
You can do that for tax purposes but it makes it tougher to actually sell the agency in the future.Maybe you could just have yourself and LLC on record in your resident state with the DOI, then have yourself as an individual listed in the LLC as a Member / Organizer.
You may want to reach out to a CPA, though.
With Humana, I appoint with them individually in non-res states. They pay me and I write a check to the agency.
How does that work from a tax standpoint? Or how do you classify the payment from you to the agency?
How does that work from a tax standpoint? Or how do you classify the payment from you to the agency?