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Updated 19 days ago, 12/17/2024
Recommendations for new gig
Good evening! Wanted to inquire from a few experts on what route to take for a side hustle I plan on running out of my garage. My wife and I are past 150k W2s and I also have an S Corp out of IL for rentals I own. Which this new business out of Tennessee I am looking at either LLC or C Corp (S Corp is not recognized at a state level here). Would it make most sense to do S Corp federally with C Corp state or LLC state but S Corp federally. I will be investing roughly 10k into equipment for this new gig.