Small Business Taxes for Beginners & New LLC Owners



Small business taxes for beginners. There has been a record-breaking number of LLCs created in the last two years according to …

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30 Comments

  1. Single member LLC's have to file quarterly? I thought that was only for S/C corp. I just opened a startup business in June. I'm still designing my product and have no revenue, only startup expenses. I still have a full time job. Can I file my LLC taxes annually along with my regular W2 from my full time job?

  2. Thanks for this informative video. I started my business a year ago with no business experience. I have been an employee for 34 years before taking this step. This has been the scariest thing I've ever done in my life. Your video tutorial has given me a small amount of relief from the anxiety I'm having. Thanks again!!!

  3. Hey, I will appreciate everybody who can just drop a form that I need to file. I have Partnership LLC (with my wife), and Yearli turnover was 3000$, and it is in NJ. What forms need to be filed? 1065 / k-1 / 1120s / 1040 (individual income) that is all ?

  4. Bro I am 14 and trying to start a business, I dont want to file taxes because I dont know how to do it, My yearly pay is set to $0, my workers are independent contractors and have yearly pay of less than $400. SO the only file I would have to report is probably schedule C form, but I dont want to because I dont even know how to do it 🙁

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  6. Appreciate the detailed breakdown! 🧐 I wanted to ask something unrelated: 🤔 I have a set of words 🤷‍♂️. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What is this? 🤔

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