Should I Form an LLC?

Core12

Daycare.com Member

Join Date: Oct 2016

Posts: 160
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#1

Should I Form an LLC?

09-08-2021, 02:44 PM

Anyone please help! I have a small in home daycare
Tags: llc, s-corp

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Michael

Founder & Owner-Daycare.com

Join Date: Aug 2007

Posts: 7947
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#2

09-08-2021, 09:04 PM

These days an LLC is taxed different than a few years ago. I think an s-Corp might be better.

https://www.llcuniversity.com/irs/llc-taxed-as-c-corp/

An LLC taxed as a C-Corporation, or more technically known as an LLC taxed under Subchapter C of the Internal Revenue Code.

Last edited by Michael; 09-08-2021, 09:12 PM.
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