January 19, 2009

I start a study abroad LLC~ Do I just fill out income tax?

Can you answer Luke's question about Incorporation?:

I live in Gergia~ I just started a study abroad LLC company~ Basically my business is sending students to universities in other countries~ Do I just need to pay federal income and Georgia income tax?
Expet income tax, do i need to pay any other taxes?

Delaware LLC

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Comments on I start a study abroad LLC~ Do I just fill out income tax? »

January 19, 2009

Serge M @ 12:53 pm

Yes, any income the LLC earns is your personal income which you report on schedule C, then transfer the net income or loss to form 1040.

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