FAQ
Frequently asked questions
- Do I need an LLC to deduct business expenses?
- No. Sole proprietors deduct ordinary and necessary business expenses on Schedule C without forming an LLC.
- When should I consider an S-corp election?
- Usually once consistent net profit is high enough that the self-employment tax savings outweigh added payroll and filing costs.
- Is the education a one-time purchase?
- Individual education purchases are one-time purchases with lifetime access. The All-Access Library is a monthly membership.