Setting up an LLC is a great choice for freelancers. In New York City, most major companies will actually require their freelancers to have an LLC in order to secure contract work. LLCs help limit the liability of the employer and the freelancer, thus it's no surprise that LLCs are often a prerequisite for contract work eligibility.

Another key benefit for freelancers is that your LLC can have an EIN (Employer Identification Number) therefore you won't need to use your social security number on all of those 1099s. Your personal privacy is further insulated come tax time and the IRS can easily associate your LLC and EIN for tax purposes. Lastly, setting up an LLC will help you will look more professional compared to all of those other independent contractors out there.

If you are a self-employed freelancer or independent contractor give us a call for more details on setting up an LLC for your freelance business!