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I
ifdj
October 27, 2021
Question

Book publishing

  • October 27, 2021
  • 1 reply
  • 0 views

Is it more tax advantages to create an LLC to receive the royalties and pay myself as an employee? Also from expenses perspective?

    1 reply

    O
    OpeA1
    October 27, 2021

    It all depends on many factors. So to be sure, it is best to understand how the IRS treats an LLC, then you can decide which will be best for your situation. Please see the link to the IRS site for LLC: 

    https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies 

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