Is there any tax advantages in forming an LLC?

LLC's have become THE form of new business. The Limited Liability Company is flexible and has advantages versus a corporation and the tax advantages of a partnership or sole proprietorship.

Considerations

In most states,  a limited liability company is an unincorporated business entity.
Because of that fact, the Internal Revenue Service will
not treat it as a corporation.  In such case, you need to make it look more like a corporation to be treated as such  from the IRS.

 
Tax Advantages

The most important advantage of a limited liability company is that it provides pass-through
treatment without taxation at the entity level, i.e. a partnership tax treatment,
while protecting members from personal liability. 
Single Member LLC's can be treated as a Sole Proprietorship and are taxed on the member's 1040 Schedule C.
Limited liability companies then provide the advantage of protecting its members from the liabilities of
debts and obligations, similar to corporate shareholders.  If your limited liability company is properly formed, it will be
treated as a partnership pass-through entity.

You will be benefited by filing an LLC because  you are legally required to get a business license, and record a DBA certificate. A business license is a legal requirement by all businesses. Finally, if your trade name is different from your LLC name,  you need to get a DBA because the trade name you do business under must be filed and published with the clerk. You can also register an LLC or set up and Incorporate instead of registering a DBA.  Keep in mind that in any case you will most likely be required to get a dba certificate trade name registration which is almost as pricy as an LLC.  An LLC has advantages, a DBA does not.  So get the LLC.

We can form an llc here online today.

Simply click on the order button to  get started.

Here is what your LLC should be like if you want it to be considered a corporation.

(1) Should have Associates

(2) A purpose to carry on business and divide the profits

(3) Continuity of life, i.e., perpetual existense

(4)  Transferability of interest

(5) Centralized management

LLC formation starts at under $200 including all government fees and LLC required legal documents.