This question is for current or former 1099 BIs who operated an LLC while working as a 1099 IC.
What form of LLC (S Corp, Single Prop, etc) did you use?
Why did you chose that format vs the others?
Were/are the benefits really worth it?
What tips would you offer a beginner like myself?
What pitfalls are out there that a beginner like me might not be aware of?
I just finished the NIT/NTS training and will recieve my DoD and DIA creds soon (can’t work DHS contracts yet since I’m still employed with DHS) and plan to begin working DoD contracts before I retire and then add DHS after I do retire.
I have an appointment next week to create my LLC, so this groups input will be greatly appreciated.
Chadwick “CW” Cotner