method of payment

[Zubair Khan]

Hey everyone so I might be closing my first deal as an assignment so since its my first deal I really don't know what form of payment is best for me considering I'm young and don't have any tax deductions.

[Jon Holdman]

Actually, having an LLC or not doesn't affect these deductions. An LLC is a pass through entity for taxes, unless you elect to be taxed as a S or C corporation. But you're correct, Sherry, that you can deduct the expenses you incur in running your business.