I am looking to start a business to protect my personal assets, in the event of misfortune. I am thinking about an LLC, but I am unsure about how that will affect me filing taxes. I will be the only employee. Am I able to include the business taxes on my personal tax return, or will it completely change everything?
Asked on 1/19/11, 3:06 pm
1 Answer from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
I beleive that you will be able to pass it through to your individual return. Confirm with your accountant.
Answered on 1/25/11, 2:56 am
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