For media inquiries or to request a LegalZoom press kit, please contact:
Johanna NamirLegalZoom.com, Inc323-962-8600 firstname.lastname@example.org
Sign up for our monthly newsletter, always packed full of helpful tips and informative articles.
Watch schedule C business deductions. If you have a small business consider forming a sub chapter S corporation. There is always of suspicion that business deductions on schedule C are mixed with personal expenses.
A sub chapter S corporation is clean and you can have a separate bank account for it. You issue yourself a K-1 with any profit or loss and it goes on one line on the 1040.
I have been doing this for 10 years no with no audits of my sub chapter S corporation.