What are the benefits of forming an LLC?

Simplified Tax Filing

Filing taxes can be overwhelming, especially for busy professionals. An LLC (Limited Liability Company) simplifies the tax filing process by allowing for straightforward reporting of income and expenses.

For school district employees, this means spending less time analyzing paperwork and more time focusing on their primary job or personal commitments.

With an LLC, the business income is generally reported on Schedule C of the individual tax return, which makes managing it easier. Additionally, the LLC structure may allow for the potential use of a Qualified Business Income Deduction (QBI), which can further reduce the tax burden on qualified business income.