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Ep. 41 A case against starting an LLC

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Manage episode 363590746 series 2835800
Content provided by Dottie Dynamo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dottie Dynamo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

You read that right, this episode is all about why you probably DON'T need an LLC or why you aren't quite ready to file for one. It seems everywhere in the online small biz/sw'er tax space talks about starting an LLC. But do you really need one? Maybe not.

Whether or not you ever file one you should be handling you money like a business and my upcoming course Stripper to CEO will take you step by step thru the process of getting financially set up like the small business owner you are!

*Quick Mentions/Corrections because I was free-flowing

-if you don't dissolve an LLC the IRS doesn't still want self-employment taxes, you will still be responsible for the yearly filing costs such as annual reports.

  continue reading

46 episodes

Artwork
iconShare
 
Manage episode 363590746 series 2835800
Content provided by Dottie Dynamo. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dottie Dynamo or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

You read that right, this episode is all about why you probably DON'T need an LLC or why you aren't quite ready to file for one. It seems everywhere in the online small biz/sw'er tax space talks about starting an LLC. But do you really need one? Maybe not.

Whether or not you ever file one you should be handling you money like a business and my upcoming course Stripper to CEO will take you step by step thru the process of getting financially set up like the small business owner you are!

*Quick Mentions/Corrections because I was free-flowing

-if you don't dissolve an LLC the IRS doesn't still want self-employment taxes, you will still be responsible for the yearly filing costs such as annual reports.

  continue reading

46 episodes

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