re: Business structure: LLC or S-corp?

quote:

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Should I 1099 myself at the end of the year?

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Well if you don't, it would be tax evasion. Basically, you K1 yourself for the money you take. If the business is steady and you know how much to expect, you switch to an S corp and pay yourself a W2 salary and you pay yourself a dividend at the end of the year.

If I am right, you can't switch the company to an S corp till next year. the deadline has passed for this year already.

But you do know you can have an S corp LLC, right? I'm not sure if you are asking if you should change to be incorporate instead of an LLC. But, to my knowledge, you can just change from a C corp LLC (which I presume you are now0 to an S corp LLC.