Incorporation and Business Setup
Should Writers Incorporate or Create an LLC?
The real answer to that question is "Why do you need to?"
That is, why do you want to incorporate or create an LLC? Is it to protect your personal assets from lawsuits and claims? Are you looking to save money on your writing-related taxable income? Or are you trying to legitimize your freelancing business?
These are all good questions to ask, and the answers will vary from writer to writer. But for the most part, writers who earn less than $50,000 a year should probably avoid incorporating or creating an LLC.
Check out this article from our Payroll provider Gusto to help you make your decision:
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