Dumb question but. If I am a self contractor llc is that a for profit or nonprofit. Or none of those?? ?
- DON WLv 72 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.
- StephenWeinsteinLv 72 months ago
That is for profit
- JudyLv 72 months ago
- ?Lv 62 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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- Anonymous2 months ago
You're right. Dumb question.