Single member LLC is treated as disregarded entity if you haven't done check the box election (form 8832), which is as good as working in 1099. I would suggest you working in W2 which will get you all those fringe benefits plus one half of the FICA. But if you do check the box with S Corp election (2553), you will save some money in taxes. Last edited: 02-Mar-17 05:57 PM

nayapidi · Mar 2, 2017 5:56 PM

I am thinking to do same and work on my own . But i scared of insurance and taxes . Do i need to file s corp or llc to work on my own ? Does vendor go through background check if i work in own 1099. ?

Snow2017 · Mar 2, 2017 11:29 PM

Hey nayapidi, You seem to be a professional. If everything goes right, I am interested to hire you to set up my payroll , give me suggestion on contractual bindings, generate pay stub etc. Would you be interested ? If yes, then inbox me your email. Thanks !

atiranjeet · Mar 3, 2017 1:46 PM

Atiranjeet, I am interested in any opportunity. Let me know when you make your decision. Snow 2017: LLC or S Corp doesn't make much difference. But if you are a single member LLC without electing to corporate for federal tax purposes you will be subject to self employment taxes. And again, yeah you will loose perks of insurance and one half of FICA. I don't know about background checks.

nayapidi · Mar 3, 2017 1:55 PM

Nayapidi- can you inbox me your email\ph , please?

atiranjeet · Mar 3, 2017 2:14 PM

Does any one have any idea what kind of insurance should one take for sole owner LLC ?

atiranjeet · Mar 7, 2017 12:39 PM

I am thinking a good one :)

nayapidi · Mar 7, 2017 12:40 PM