Hi, recently discovered this bowl. I am thinking about starting a business and I have decided to create an LLC for it. I would be the sole member. Would it make sense to have it be taxed as an S Corporation?

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Depends what you are doing. S Corp will be taxed at corporate and personal level.

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Are we allowed to create an LLC? And would we have to report it?

Just curious, what business are you looking at starting

Yes it does make sense.

If just yourself and starting out, why not just use DBA?

There’s no reason to make an S Election for an LLC. A single member LLC will be disregarded as an entity separate from its owner (for tax purposes), meaning you will only pay tax on it once (on your personal return).

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