As a freelancer in Delaware operating as an LLC, understanding your tax obligations is crucial for financial health. This guide breaks down federal and Delaware-specific taxes, deductions, and common pitfalls to help you navigate the 2026 tax landscape. Let Lovie handle the complexities, so you can focus on your freelance work.
A Delaware LLC provides pass-through taxation, meaning profits are taxed at the individual level, avoiding corporate income tax. You'll report your business income and expenses on Schedule C of your personal income tax return. Delaware also levies a franchise tax on LLCs, regardless of income. Operating as an LLC offers liability protection, separating your personal assets from business debts and lawsuits.
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