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Start an LLC in Nebraska Guide Helpful Resources Form

Start an LLC in Nebraska Guide Helpful Resources Form

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the number one mistake okay in this video I'm going to show you the number one LLC mistake and this has to do with the way you're taxing your LLC when you set up an LLC right it's a disregarded entity so you have to tell the IRS what it is whether it's a sole proprietorship partnership S corp or C Corps let's just say you're a one-person operation and you do nothing here's what's going to happen the IRS is going to make you a sole proprietorship and let's say that's sole proprietorship right had this is a fictitious name con John Doe consulting say that sole proprietorship had a hundred thousand in income right let's tell you take a look at the scenario of that so we got a hundred thousand dollars in income right and then we'll just recalculate so right now I have twenty eight thousand 597 in income tax as a result of just doing nothing when I said on my LLC however let me go over and change

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