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Originally Posted by AndyC
All good in theory but I have found that people who tend to be bad record keepers will always be bad record keepers regardless of their intentions or circumstances.
An LLC in CA can be an expensive way to keep your records in one place. There is both an $800 minimum tax and a gross receipts tax to factor in. Other states are much more friendly to LLCs. LLCs organized in other states but do business in CA are subject to the CA rules.
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An LLC or incorporation may only be beneficial with a minimum gross income of $150,000. Also, there will be self-employment tax aside from gross receipts.
