'The aerial view can be difficult. The information is difficult to draw because there is so much information with lots of windows, park areas and buildings. 'I like London landmarks like the Houses of Parliament, St Paul's and Tower Bridge.
Step 1. File profit or loss from business on Schedule C. As a member of an LLC, you must report business income on Schedule C to Form 1040. This form contains lines that help you calculate your profit or loss and deduct appropriate expenses.
If the LLC is a multiple-member entity, it pays federal income taxes as a partnership. If the LLC is a single-member entity, it pays federal income taxes as a sole proprietorship. This means in most cases that the single-member LLC pays taxes by filing a Schedule C and including it in the owner's personal income tax return. LLC's can also elect to be taxed as either a corporation or an S corporation, making the confusion even greater.