LLC vs Sole proprietorship - Printable Version +- Sup Startup (https://supstartup.com) +-- Forum: Startup Forum (https://supstartup.com/forumdisplay.php?fid=3) +--- Forum: Small Business (https://supstartup.com/forumdisplay.php?fid=12) +--- Thread: LLC vs Sole proprietorship (/showthread.php?tid=8829) |
LLC vs Sole proprietorship - Aplus - 02-08-2023 LLC vs Sole proprietorship For some context, I have a relative who is a pilot and uses his company card to take Uber and Lyfts back and forth between the airport and his house several times throughout the month. This cost totals about 70$ one way, I figured I could open a company just to exclusively drive him back and forth as a side hustle. This is because he needs some sort of receipt/invoice while using the company card. Even if I totaled a few hundred a month in revenue would it make sense to open a LLC or SP to accomplish this? If so could I potentially have some tax benefits for my vehicle? [link] [comments] |