I see this all the time and even more at the end of the year…
Just forming a LLC or a INC online by yourself or even with most of the online “services” DOES NOT PROTECT you and it has tax implications that the average person does not understand.
I just received another phone call from a new client who formed her company online and had NO idea what problems she caused herself. She did not understand how the taxes worked with her new company. She was going to be double taxed and would be losing almost $10,000 in a refund to her! She also had no real layers of protection and that was a big reason for wanting to form the company.
If you have formed your company online and are not sure if you have a true “corporate veil” in place or you want to know what tax liability your new company has, connect with me today for a free strategy session!
Blessings & Belief,