Feb 07, 2019 20:57
I closed out January today at least. So that's something. In fact on the business end pretty much everything is done, except actually setting up the LLC. I found Publication 3402, which states that an LLC can be taxed as a simple partnership, which is what we're doing now. Though if I send in uh, form uhhhh...what's that number again? Yeah. Form 2553 the LLC will then be taxed the same as an S corporation. Still I think for tax purposes we should eventually wind up with a full on S corp. I'm thinking of visiting the local chamber of commerce to investigate this further.
But tomorrow looks more like more work on the home front, specifically the dripping sink. We're probably best off just replacing the damn thing, but man they left NO room to work underneath. It's almost like I'd have to take the whole flipping sink out just to replace that faucet. URK.
home repair,
taxes,
home improvement projects