Do you need an LLC to be considered a business

Name: Do you need an LLC to be considered a business
Uploaded: 2026-08-06T19:20:56.988Z
Duration: 67 s
Description: You don't need an LLC or a minimum income threshold to be considered a business for tax purposes.

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A common question for new entrepreneurs: does forming an LLC make you 'official,' and is there some earnings threshold before the IRS cares? TJ tackles these misconceptions head-on, clarifying what actually determines whether you're running a business in the eyes of the tax code.

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