1099 worker- tax question. LLC EIN vs Personal SSN.

[Justin Pineiro]

I was recently hired as 1099 independent contractor in Florida. I have been curious, what are the benefits on registering an EIN for LLC vs a personal SSN?

I believe that by transferring over everything from my name to my LLC I can write off more and save more on taxes. That leads to further questions. Like what can I put under my business? How do I keep track of everything?

If anyone can help me or point me to a professional who can. I'm all ears. Thank you.

[Eric Shadowens]

@Justin Pineiro

Hello Justin,

I have linked an IRS website that provides good information for self-employed individuals. Generally remaining a self-employed individual without the LLC would be a good route to go. You can always change your mind at a later date once your business grows.

https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center