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Updated over 5 years ago,
1099 worker- tax question. LLC EIN vs Personal SSN.
I was recently hired as 1099 independent contractor in Florida. I have been curious, what are the benefits on registering an EIN for LLC vs a personal SSN?
I believe that by transferring over everything from my name to my LLC I can write off more and save more on taxes. That leads to further questions. Like what can I put under my business? How do I keep track of everything?
If anyone can help me or point me to a professional who can. I'm all ears. Thank you.