OP 06 November, 2024 - 02:51 PM
Hey everyone! I’ve recently started my own LLC and I’m a bit confused about how taxation works for it. I know there are different ways it can be taxed, like as a sole proprietorship or as an S corporation. Can anyone explain the differences and what might be the best choice for someone just starting out? I don’t want to end up with a hefty tax bill down the road. Any personal experiences or tips would be super helpful!