Tax Advantage
I just got started in REI and just want to know what is the best way to do it? Should I become a employee of my company or should I claim all the income on my personal taxes. I should mention its a LLC.
I just got started in REI and just want to know what is the best way to do it? Should I become a employee of my company or should I claim all the income on my personal taxes. I should mention its a LLC.
It's generally better to have pass-through taxation, which the LLC provides. If you're a 100% owner of the LLC, the question is really moot.
This is the kind of question to ask your CPA.