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<p>[QUOTE=&quot;stayinback, post: 7113747, member: 135360&quot;]TallJoe- Sometimes(At least more often than not) a Single 1 tryuck operation is better to File as a Singl member LLC or Sole proprietor.</p><p><br /></p><p>Why?</p><p><br /></p><p>The money Sitting Idle after your Payroll (s and c corp) Will eventually Get Taxed Upon, Keep that in Mind- no Im not a CPA- But Learned a lot.</p><p><br /></p><p>So Many guys go S or C corp- Then Fall Victim to Hundreds and Thousands of Dollars in taxable income- Sure you can put it in an IRA or CD- But,You&#039;ll get it taxed later on.</p><p><br /></p><p>Single member LLC- Simple way for a 1 truck show- You&#039;ll Pay 100% on all Profit Right Now- And Never have to worry later-</p><p><br /></p><p>So,Just an example- If You Net $80k per year after expenses, You&#039;ll be paying Approx $30k in all taxes (Give or take your personal exemptions)</p><p><br /></p><p>So,your quarteriles you send out are around $7500.....State and Fed/Fica, Medicare[/QUOTE]</p><p><br /></p>

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