Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
L
lsalazar1985
December 30, 2023
Question

Is there any benefit to forming an LLC before the current tax year is over?

  • December 30, 2023
  • 1 reply
  • 0 views
Planning to get a small business license and I want to know if there are any benefits or detriments involved in starting the application before the tax year is over. Thanks!

1 reply

B
Bsch4477
Employee
December 30, 2023

There’s no tax benefit. 

X
xmasbaby0
Employee
December 30, 2023

And...you are asking your question on a Friday leading into a holiday weekend.  The next business day will be Tuesday, Jan. 2, 2024.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification