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June 5, 2023
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Estimtated Taxes

  • June 5, 2023
  • 1 reply
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I switched my sole proprietorship to an LLC in March, i currently pay estimated taxes on my sole proprietorship should I transfer the estimated taxes to my new LLC?

    Best answer by Anonymous_

    @Hill Distribution wrote:

    I switched my sole proprietorship to an LLC in March, i currently pay estimated taxes on my sole proprietorship should I transfer the estimated taxes to my new LLC?


    No, not unless you made an election for your LLC to be treated as a C corporation (which would be rare and unusual).

    1 reply

    Employee
    June 5, 2023

    @Hill Distribution wrote:

    I switched my sole proprietorship to an LLC in March, i currently pay estimated taxes on my sole proprietorship should I transfer the estimated taxes to my new LLC?


    No, not unless you made an election for your LLC to be treated as a C corporation (which would be rare and unusual).

    June 5, 2023

    Thank you