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Reply to "Setting up consulting business - LLC, PC, or what?"
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[quote=Anonymous][quote=Anonymous]I'm not sure why you say LLC has high taxes. It doesn't, in fact it saves you a ton of money on taxes. Your places of home is a business expense, everything you buy for the company (computers, etc) is a business expense. Last year our consulting LLC grossed $30,000 and we only paid taxes on $9000.[/quote] What do you count as business expenses? Mine are much lower even though my income is much higher. I've got computer and phone, accountant and lawyer fees, virtual bookkeeper, business travel, office supplies. What else am I missing?[/quote]
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