- How It Works
- ServicesServicesOverviewChoose the right level of support for your plan and needsExpert ReviewA comprehensive review of inputs and reports to get you on the right pathFiling AssistanceLet our experts deal with Social Security for youClawback AssistanceFor those who need help fighting a Social Security benefit clawback
.png)
- Why Choose Us
- ResourcesResourcesBooksFrom the world-renowned economist behind Maximize My Social SecurityWebinars & PodcastsExpert tips and guides to help you get the maximum from Maximize My Social SecurtyArticlesIn-depth commentary on Social Security from our founderAsk LarryThousands of questions answered by our Social Security expertsBlogSocial Security insights to help you maximize your lifetime benefitsFAQYour most pressing questions answered
- Pricing
Ask Larry
Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
Is It Possible To Create An LLC S Corporation If I'm Getting Early Social Security Benefits?
Am 64 and began receiving early retirement benefits at 63.Is it possible to create a legal business entity such as a LLC S corp that will not affect monthly benefits?? Thank you
Hi,
Forming an LLC Subchapter S corporation wouldn't affect your benefits in and of itself. However, your benefits could be subject to full or partial withholding prior to your full retirement age (FRA) depending on how much you earn (https://www.ssa.gov/planners/retire/whileworking.html). And, if you perform work as an employee or officer of the corporation, you are expected to properly report your earned income to the IRS and Social Security.
Best, Jerry
Category:
Posted:
November 28, 2018