Illinois  |  Tax Law

Legal Question

Asked on: 8/28/11, 11:59 am

To Whom It May Concern:

I am the sole owner of my clinic, a P.C., and I am also an employee there. I receive a w-2 in january from my accountant. Am I considered to be self-employed? Or am I an employee? I am confused. Also, would there be any advantage for my clinic to become a s-corp with my current situation as being an employee of my own company? In case it matters, my clinic had a net loss for the past year.

Thank you.

-Adam

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