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Updated 11 months ago, 02/02/2024

Jackie Linne's profile image
Jackie Linne's profile image
Jackie Linne
  • Member since Jan 18, 2023
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23
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11
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Jackie Linne's profile image
Jackie Linne's profile image
Jackie Linne
  • Member since Jan 18, 2023
Connect
Jackie Linne
11
Votes |
23
Posts
Starting Out

Taxes question for LLCs

Jackie Linne
Posted

I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.

Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be reflected on my personal federal tax return? 

Will this void the liability protection an LLC offers?

Toledo, Ohio
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