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H
hipaley2020
October 27, 2021
Question

LLC creation

  • October 27, 2021
  • 1 reply
  • 0 views

I files an LLC 2 weeks ago. How does that effect my Unemployment in come and the PUA income I received in 2021.

 

    1 reply

    Critter-3
    Critter-3
    October 27, 2021

    Not sure what you are asking about ... simply setting up an LLC  doesn't affect your ability to get unemployment benefits.  

    H
    hipaley2020Author
    October 27, 2021

    Does it protect any of the income from taxes I have to pay.?

     

    Critter-3
    Critter-3
    October 27, 2021

    A single member LLC  is absolutely no different then a simple sole proprietor so it saves you nothing.  

     

    Before you do anything get educated on the possibilities on the different business entities ... I believe you are thinking about incorporating  ... possibly consult a local professional.

     

    https://www.irs.gov/businesses/small-businesses-self-employed/starting-a-business

     

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