Teaching · For Tutors
Answer five questions about owners, liability, profit, hiring and paperwork. The summary shortlists the structures that fit, explains each in plain federal terms and gives you the questions to take to an accountant or attorney before you file anything.
Included with Caveat Classroom and Whole-school licenses. Or get it in the Tutoring business kit, $69 for 64 items.
One record per comparison, under your initials or a business code. The example is made up.
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Teaching · For Tutors$12 · included with Classroom and Whole-school licenses
An LLC or corporation generally keeps business debts away from personal assets if the business is run separately. It does not protect you from a claim about your own work with a student; professional liability insurance does that.
A single-member LLC is taxed like a sole proprietor unless it elects otherwise. An S corporation election can lower self-employment tax once profit is well above a reasonable salary, but it adds payroll, a separate return and costs.
This guide explains general federal terms; it is not legal or tax advice. Formation, fees and liability rules come from your state.
The example business is made up. General federal terms; not legal or tax advice. Support: team@caveatacademic.com.