I just registered my business in NJ, however I am afraid I may have registered inappropriately for my LLC.
I registered as a LLC (1120 Filer). I am a single owner of a physical therapy office, who will have another part time job (W-4). With my LLC, I may hire 1 person in the next year. Did I file appropriately? I am worried I should have filed Single Member LLC.
Any assistance or direction would be appreciated.
If you are the only member of the LLC then yes you should file as a single-member LLC which means that you can file Schedule C with your 1040 or if you have filed paperwork to file as a Corporation then you can file Form 1120. If you only listed yourself on the paperwork then you will most likely receive a letter indicating you are a single-member LLC. I would contact the office where you mailed the documents to see what they recommend you do.
All the Best-
315 Madison Avenue, 24th Floor
New York, NY 10017
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.