Ask HN: When to establish an LLC or S-corp for a 1-person startup?

Re:Ask HN: When to establish an LLC or S-corp for a 1-person... by marpstar on Tuesday December 12, 2017 @04:39PM (#15909768)

Assuming you're in the USA:

1. No real tax benefits vs. sole proprietorship. You can deduct the same amount of stuff. In fact, you're taxed in exactly the same way as you are today.

2. I formed an LLC after a few years of freelancing, mostly because I didn't want to send my SSN around on W9s via email anymore.

3. Fellow freelancers I know have established S-Corps instead, but unless you're making $100k+, it seems like a lot more work than a single-member LLC.

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Re:Ask HN: When to establish an LLC or S-corp for a 1-person... by saluki on Wednesday December 13, 2017 @07:54PM (#15919114)

If you're asked for SSN/Tax ID for W9 and/or affiliate revenue you can obtain an EIN number over the web and use that instead of SSN. (website can only be used during normal business hours for some reason.)

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