Hello my CPAs, would I really save somewhat taxes if I open a LLC or an individual company? I’m thinking just doing some online retailers as part time but want to save more money and utilize company credit card to ease personal finance

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Too many people get hung up on this

It’s not a tax question it’s a legal question

If you sell smth or a service that can get you sued

You prob need to talk to a lawyer about an LLC to shield your personal assets

Tax wise, there isn’t a magical LLC deduction. You can deduct any business expense that an LLC can deduct

You can even open a SEP without any issues

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No ur looking for tax loopholes and I’m sorry to say there aren’t any

No. You can just operate as a sole prop and open some biz cards. Chase Inks are great (if you know, you know).

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Great that’s very helpful. Thanks.

No.

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