One of the career and small business mantras I follow is that “Your business / career should be built around something you are willing to do for free“. Something so fun and rewarding to yourself that you would like to do it very often, most of your days. I can’t claim to be the creator [...]
Tag Archives: self employment income
LLC Partnership Taxes: 1065 and K-1
- 07
- Feb
A Limited Liability Corporation (LLC) can be treated as an S-Corporation or as a Partnership by the Federal Government Internal Revenue Service (IRS) (you fill out form 8832 to classify it as Partnership). When I established my LLC I made it a Partnership: a very flexible arrangement that allows me to divide the earnings (or [...]
