Create LLC now or in the new year?

[Jules Amua]

For tax reasons would it be detrimental to create an LLC now, or is it easier for accountants for entities that start in 2022?

[David M.]

@Jules Amua

I suppose/maybe depending on whether you make a single member or multi-member LLC. The latter requires a partnership return. the former doesn't assuming you don't elect another tax status. Also, in California there is an annual $750 or $850 state charge for each LLC you make. So making one now and paying the whole fee for its existence for a month doesn't sound that appetizing.

In my layman's opinion, I don't think there really is a difference, other than the California issue. It just depends on what you pay your accountant... I he or she going to charge the "full amount" to file a new LLC that probably just has some filing fees to claim?

Hope this helps.  Good luck.