Dart Advantage Lease Purchase

If you’re the only one then ,Usually LLC aren’t worth anything and usually will cost more to maintain then just running as a sole proprietor. I f your accountant told you to form one,I was curious why if you’re the only person in the LLC.If your driving the truck the LLC doesn’t protect you from being sued and as far as savings on your self employment tax of 15% even if you save 15% on 70,000 you’re self employment tax would be roughly $1070 you would save about $200 but you would now have to pay your accountant to do 2 tax returns one for you and one for the LLC so really you just spent the money somewhere else and it probably will cost you more then the $200 to have a accountant do the taxes on an LLC

 

15% of 70,000 is 10,500. He's not going to save that on the entire 70k though. Only on the amount he disburses to himself as company profit, after he's paid himself a reasonable salary.

There's legitimate reasons he may want to form an LLC. But, it should be be his rationale. Not because an accountant sold it to him.

 

That’s why I was asking .So he would save 15% of the 10,500 he owes?Thats what I was trying to figure out.Well my intentions isn’t to turn this into a incorporat or not debate just curious what reason he was doing LLC.As far as I’ve been told in most cases you don’t save anything really to incorporate like LLC S Corp you save a little on self employment tax but spend the savings on extra tax preparing and I think I was told it cost like $800 a year in fees for the S Corp.

 

Where is the settlement attachment I am interested in comparing it to help me make my decision.

THANK you

 

Who are you with now?
Sorry haven’t had chance to get settlement pic I had a couple personal issues I’m no longer with dart. Not a bad company I’ll show you what my ytd total was as of the 19th. My first couple weeks was pretty low but I had a lot of repairs to pay for. Honestly if I had to do it all over again I probably would but not lease purchase I’d go company driver.

If you wanna make good money and ain’t afraid of cold ( cold as in up to like -70 degree with wind chill ) then go to North Dakota haul production water

 

Save some money up, pay cash, or go finance a used truck if need be, an old one, they are out there if you look with clean maintenance records. My buddy just picked up an old FLD with a fresh in frame for $14,000, and yes, he got a loan. It is honestly a nice truck, and just needs a little TLC. Not break the bank TLC, just a few bucks here and there while he works.

 

.


I’m only showing one pic uploaded will try to post pic of my ytd earnings after expenses $3807

 

You can make money but just so you know that $17xx.00 check was a 9 day period if not for repairs I would have made around $2200 but that was on 4,141 miles

 

$2200 for 4,141 miles? Dude, I would not brag about that.

 

I’m not bragging bout that, there was a guy asking to see settlement and I was just making note of miles I drove for highest paid week. Not happy bout that pay by no means at all. Go company if you go dart..