Biggest Mistakes Online Businesses Make With Taxes that Cost Them Thousands!
BIGGEST MISTAKES ONLINE BUSINESSES MAKE WITH TAXES THAT COULD COST THEM THOUSANDS!
Whether you are just thinking about forming a single member LLC, or have already done so, chances are that taxes are on your mind. And if they aren’t, they should be. Because sooner or later, the day of reckoning will come and you will need to pay income taxes on all the money you are making with your online business.
But did you realize that you have choices when it comes to how you get taxed as a single member LLC? In today’s video, I will share with you the 4 different elections you should be considering when it comes time to tell the IRS how you want them to tax your business.
For a quick summary of these option, click here to download our handy cheatsheat: https://pages.convertkit.com/38032ed981/c3b251fb45
Are you ready to form an LLC for your online business? Click here to get started: http://www.hawthornlaw.net/diy-LLC
Or if you just want the operating agreement template, then click here: http://www.hawthornlaw.net/llc-operating
Still trying to figure out the proper legal structure for your business? Click here for a cheatsheet: https://www.hawthornlaw.net/ultimate
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