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Recently I started work for a friend of mine here in Arizona. He owns a home cleaning/restoration business and has hired me as a contractor to go in and clean up garbage and unwanted items left behind in the homes by the previous tenants. He suggested that because I will be getting a 10-99 from his company at the end of the year I may want to look in to getting a LLC for tax purposes as well as other benefits of an LLC. I want to know if there really is any benefit as far as tax breaks etc. if I were to get an LLC. I would be the only owner/worker on the LLC. Is it worth it?

2 Thoughts on Will I benefit for Getting a LLC?
  1. Reply
    August 15, 2013 at 5:15 am

    Not in your case. Only when you start adding employees.

  2. Reply
    Casey Y
    August 15, 2013 at 5:15 am

    No real tax breaks yet, but it does protect you from liability asociated with the business. Consult a lawyer, an accountant and an insurance agent on this issue; then decide if an LLC is right for you.

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