LLCs for Freelancers and Independent Contractors

Forming an LLC is a smart choice for self-employed freelancers and independent contractors. In NYC, many employers actually require their contractors to have an LLC in order to secure contract work. LLCs help limit both the liability of the employer and the contractor, thus it's no surprise that LLCs are often a prerequisite for contract work eligibility.

Another benefit for freelancers is that an LLC has an EIN Number, therefore you won't need to use your personal social security number on all of those 1099s. Your privacy is further insulated come tax time and the IRS can easily associate your LLC and EIN for tax purposes. Lastly, setting up an LLC looks very professional, so if you work in a competitive field it may help you stand out.

If you are a freelancer or independent contractor give us a call for a free phone consultation.