Top Money Saving Reason to Have an LLC
2 years ago
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Here is the number one reason you should file an LLC. Incorporate so you can reduce your taxable income. This is for ANYONE even if you haven't thought of your exact business yet! You can still write off business expenses, or even take a loss (from a tax perspective, saving you money) if you don't make any money on your business.
Find out the biggest benefits of forming your company, including tax avoidance and a veil of legal protections by having an EIN used in place of your SSN.
I give examples of business expenses that you can deduct, such as your cell phone bill or email and marketing software or camera equipment for YouTube or Instagram influencers.
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