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Llc.com
LLC
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LLC
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LLC
LLC.com
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LLC-
1
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Liability
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Let's break down the differences in self-employment tax for a Sole Proprietorship, LLC, and S Corp with a $100K profit. 1️⃣ Sole Proprietorship: - $100K Income - Self-Employment Tax: 15.3% - Total Self-Employment Tax: $15,300 As a sole proprietor, all your profit is subject to self-employment tax, which can be quite hefty. Every dollar earned is taxed at 15.3%, resulting in a significant tax bill of $15,300. This is often the simplest structure but comes with higher tax implications. 2️⃣ LLC (Li
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