Any one have consultancy

[TechSri]

Consultancy Inc or LLC? Normally consultancies Inc untaya or LLC. Which one is better. What us the difference

[Sreeven]

Consulting open cheyatam stop cheyandi..next 2 years lo business vundi..motham AI taking vunna jobs kida pothayi 

[Aquaman]

@csrcsr he is the owner of Nippu software services LLC

[csrcsr]

1 hour ago, TechSri said:

Consultancy Inc or LLC? Normally consultancies Inc untaya or LLC. Which one is better. What us the difference

@Sucker @akkum_bakkum @fasak_vachadu knows 

[fasak_vachadu]

Anna LLC is much better option 

taxes lo check in google can’t explain more here 

[Point]

1 hour ago, Aquaman said:

@csrcsr he is the owner of Nippu software services LLC

@psyc0pk thatha is owner of yellow pappu SS llc 

[akkum_bakkum]

2 hours ago, csrcsr said:

@Sucker @akkum_bakkum @fasak_vachadu knows 

 

4 hours ago, TechSri said:

Consultancy Inc or LLC? Normally consultancies Inc untaya or LLC. Which one is better. What us the difference

LLC va...question ae ledu 

[TechSri]

22 hours ago, akkum_bakkum said:

 

LLC va...question ae ledu 

Thank you. 

can i take salary for my project work after getting it from vendor. Like i am also employee in my LLC. 

[akkum_bakkum]

5 hours ago, TechSri said:

Thank you. 

can i take salary for my project work after getting it from vendor. Like i am also employee in my LLC. 

You can directly take money and may be able to create a 1099 sent over to you by the LLC. If its salary on W2, you should pay payroll taxes (SS and medicare) for both LLC part and your part. Add fed+state witholding on top of that. LLC need to transmit those withholdings to IRS regularly. Just a hassle to keep in mind. 1099 aithe just a form that is issued by LLC to you after the year end. Consult a tax accountant (not attorney) for more details on how to do. Never operate an LLC without a tax accountant. Corporate tax laws r much more complex and personal tax servicing services like intuit turbotax may not of much help.

[TechSri]

On 12/4/2023 at 1:51 AM, akkum_bakkum said:

You can directly take money and may be able to create a 1099 sent over to you by the LLC. If its salary on W2, you should pay payroll taxes (SS and medicare) for both LLC part and your part. Add fed+state witholding on top of that. LLC need to transmit those withholdings to IRS regularly. Just a hassle to keep in mind. 1099 aithe just a form that is issued by LLC to you after the year end. Consult a tax accountant (not attorney) for more details on how to do. Never operate an LLC without a tax accountant. Corporate tax laws r much more complex and personal tax servicing services like intuit turbotax may not of much help.

Instead of opening LLC, if i just take on 1099-NEC from vendor then vendor deposits money every month right and at the end of the year they send 1099-NEC right. In this case how withholdings work. Do they withhold monthly to IRS when vendor deposits monthly money in our account. Or can we pay while filing tax returns?

[Aquawomen]

@TOM_BHAYYA has consultany went to jail and bail mida unadu

don't open consultancy

[haIwafan]

On 12/3/2023 at 7:50 PM, TechSri said:

Thank you. 

can i take salary for my project work after getting it from vendor. Like i am also employee in my LLC. 

Why you want to take salary and pay more taxes ? https://www.instagram.com/reel/C0TvwM5hfxb/?igshid=N2ViNmM2MDRjNw==

[haIwafan]

19 minutes ago, Aquawomen said:

@TOM_BHAYYA has consultany went to jail and bail mida unadu

don't open consultancy

https://www.instagram.com/reel/C0TvwM5hfxb/?igshid=N2ViNmM2MDRjNw==

[TOM_BHAYYA]

On 12/2/2023 at 4:36 PM, TechSri said:

Consultancy Inc or LLC? Normally consultancies Inc untaya or LLC. Which one is better. What us the difference

@ARYA is the owner of Blood and Breed infoTech. His company handles iTDP handle too bro. He is my previous employer.