Post #1755382

2026-04-28 21:08 UTC

@Soy_Magnus@detroitriotcity.com well, skipping most of the hurr duur business stuff. For you - having an llc would: 1. Allow you to get paid as a 1099 (independent contractor) 2. Get business insurance if needed for jobs 3. Write off taxes (usually you can write off about 50-60k if you’re smart so you can legally not pay taxes) 4. And LLC CAN in some cases act as a person and rent apartments, get credit cards, ect (though that’s mostly corporation stuff) but llcs can purchase vehicles, rent apartments, have their own lines of credit, ect You could open an llc and then apply for government contracts/1099 jobs as unlike w2 work as long as you carry insurance you no longer matter - but the “business” does. TLDR - if you plan to earn under about 20-30k/year it’s honestly not worth it if the money comes from tips/w2 job. But if you want to get into contract/1099 work it’s worth it.

Replies (3)

@Tony@clew.lol 2026-04-28 21:11

@Soy_Magnus@detroitriotcity.com for example - the city posts a contract job to repaint a bridge. You can now apply with your llc to be considered for the job. Idk why my brain went to city work lol - but you can bid on jobs with an LLC. And then if required you just get biz coverage ($50-$175 depending on job requirements) and now you now longer need an address, background check, ect to become employed.

Open ##1755470
@technolyze@whinge.town 2026-04-28 21:24

@Tony@clew.lol @Soy_Magnus@detroitriotcity.com can I borrow money as an llc then disappear and pocket it?

Open ##1755921
@Soy_Magnus@detroitriotcity.com 2026-04-28 21:19

@Tony@clew.lol I did read that whole thing thank u. I was thinking about starting one after that video I tagged you in and I realized I could possibly use it to get car insurance and registration. I was wondering do u need a physical business front or do u even need an adress to register? That one guy said it would only be about $100

Open ##1755938