The IRS has announced the 2009 standard mileage rates used to calculate auto expenses for business, charitable, medical, and moving purposes. Starting January 1, 2009, the standard mileage rates for cars will be: 55 cents per mile for business miles 24 cents per mile for medical or moving
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