When keeping track of meals for your business as an expense, keep in mind that some meals are only 50% deductible while others are deductible at 100%. Meals that are 50% deductible: Meals for business meetings of employees, stockholders, etc. Meals during business travel. Meals at
Single member limited liability company (LLC)
Single member limited liability companies (LLC) are ignored for federal tax purpose. Thus you will be taxed as a sole proprietor. Adding a limited liability company, however. will offer liability protection. This can be important. You have the simplicity of a sole proprietor but the liability