Is It Better to Be a 1099 or LLC? Tax Implications for Different Business Entities
1099 Workers and Sole Proprietors A 1099 worker often pays less taxes compared to other business structures. As a sole proprietor, you have the ability to deduct business costs like health insurance but are personally liable if sued. LLC vs. Sole Proprietorship An LLC protects your personal assets, like your home or car if sued, … Read more