Can a person who receives social security benefits start a LLC business?
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Can a person who receives social security benefits start a LLC business?
Asked on November 24, 2014 under Business Law, Louisiana
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Yes, social scurity benefits are a function of age, not employment status: people can receive social security benefits while still working (full or part time), while being self-employed, while creating or owning a business, etc. The one has nothing to do with the other. (Obviously, you need to make sure that all you income, including from social security as well as from any business activities) is accounted for on your taxes.)
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