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Should I Form an LLC?

Evaluate liability protection, annual state maintenance costs, and S-Corp tax election thresholds in 60 seconds.

$
Net freelance revenue after business expenses.

Evaluating your criteria...

  • Calculating best structure for your risk profile...

Key Principle:

A Single-Member LLC is a "disregarded entity" for federal tax purposes by default — it provides personal liability protection, but does NOT lower your self-employment taxes unless you make an S-Corp election (typically beneficial only once net profit exceeds $80,000+).