I have a tax question tooo pls.🌸✨
Hypothetical situation: I have an LLC entertainment biz. And I have a DBA (my sw name) and this DBA is an employee of the LLC.
My legal govt name is the “owner” of the LLC. My DBA purchases some sw outfits & my LLC also purchases outfits, makeup, etc for the employees aka my DBA :)
Does the DBA write this stuff off, or the LLC?
Do I file taxes for both my LLC & DBA ?
Or would i better be suited with an S-Corp for this hypothetical situation ?
Yes I willl definitely get an accountant n i know not do turbo tax (bc lord knows Idk how haha)... but from another sex worker, if u could pls <33
Ok first question I have right off the bat is : if I looked up said LLC I can’t find legal name yes? Because if that’s not the case, a client can search your llc, then find your associated legal name. Same to anyone else (vanilla people, friends family, bitter stalker) ; anyone who could do bad things with that info. (Out you, etc)
If you get an anon llc, it’s a non issue. No dba needed at all. Irrelevant.
The LLC is the entity that is being taxed, thus the LLC writes off any deductions for itself and employees (in your case said dba).
Your best case scenario: GET AN ACCOUNTANT. I personally use taxxx guy. He can help you set up everything, from the anon llc, to doing your taxes. But even before I started using them, I did a lot of research regarding how to best set this up. I have other businesses I set up this way on my own. If you’re a newbie or don’t feel comfortable I’d use him.
Have an anon llc. To cover your ass security wise. And elect to be taxed as an s Corp (especially if you’re bringing in decent-high money, which you should be as a sw. if you’re not, you need to re-evaluate your career choice lol (not trying to be mean)). There’s just a shitload of career choices that are less risky. If you’re gonna be a SW it should be to crush goals and make a shitload of $$$
Going forward right now: I would google your Llc and dba like a client would. See what comes up. If anything tying that llc and or dba to your legal name comes up, you better start yourself an anon LLC YESTERDAY!
And as a side note, if you took any SBA PPP (the aid from the government for businesses), you’re in some trouble. Legally you cannot use that funding for adult oriented businesses. That is when you will def need to consult legal/accountant.
Hope this clarifies some things 💕
















