Dumb question but.  If I am a self contractor  llc is that a for profit or nonprofit. Or none of those?? ?

5 Answers

  • DON W
    Lv 7
    2 months ago

    For profit.  The LLC means you have "Limited Liability", which is for your financial protection.  Here's the definition from Investopedia:

    A limited liability company (LLC) is a business structure in the United States whereby the owners are not personally liable for the company's debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

  • 2 months ago

    That is for profit

  • Judy
    Lv 7
    2 months ago


  • ?
    Lv 6
    2 months ago

    Obviously it’s for profit. A nonprofit is only something like a charity 

    there’s nothing wrong with being “for profit”, but you just need to pay your taxes like everybody else

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  • Anonymous
    2 months ago

    You're right. Dumb question.

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