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Originally Posted by Trifolic This is true, however most people don't have the knowledge about managing and structuring themselves from a paperwork point of view as an LLC or Inc. Especially when it comes to taxes. |
Well, if you file your taxes with a Schedule C for the LLC it will always be related to your personal finances and income. But if the accounting, purchasing and spending are separated and you use different bank accounts this will not be a problem. It's a tax regulation - not a liability issue.
The LLC with a single member is really easy to handle. You can also read-up on it at
www.nolo.com
Chris