Consulting Business
Independent consultants use LLCs to protect personal assets and present a professional business identity.
Last reviewed: 2026-08-20 · General information only
Formation
Single-member LLCs are common. Form in your home state to avoid foreign qualification fees.
EIN
Recommended for business banking and client W-9 requests even without employees.
Licensing
Some consulting fields require professional licenses — verify your industry requirements.
Taxes
Default Schedule C taxation for single-member LLCs. Track home office, travel, and software deductions.
Bookkeeping
Invoice tracking and expense categorization are essential. Consider FormFlow bookkeeping.
Compliance
Quarterly estimated taxes if you expect to owe $1,000+. Annual state reports where required.
Relevant FormFlow services
- LLC Formation
- EIN
- Bookkeeping