Tax booking 101
faster work
2 membersLLC vs CorpSole Proprietor1099s & ContractorsAudits & IRS NoticesReal Estate
About
Many successful nail salon owners start as Sole Proprietorships or single-member LLCs. However, once net profits cross approximately $50,000 to $60,000 a year, it is highly beneficial to look into electing S-Corporation status.