'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.
Share |. When looking at business types, many business owners choose to form a limited liability company (LLC). Creating an LLC is a good way to wall off your personal assets from your company's liabilities, offering protection for your personal assets in the event of a judgment against your business. limited liability company (LLC) also has certain tax advantages. The business itself is not responsible for taxes on its profits. Instead, the LLC's owners, known as members, report their share of business profit and loss on their personal tax returns, similar to tax reporting for a general partnership.