AC21 and Self Employment


gauravg

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Few questions on AC21 and Self employment:

1. Can you invoke AC21 to self employment?

2. If yes, what is the best corporate structure to have?

3. In order to invoke AC21, there has to be an employer - employee relationship. Can I, a 100% owner of my LLC, employ myself?

4. Can I a 100% owner of my LLC, sign my own employment verification letter?

5. I have been told that as an owner of an LLC, I cant pay myself a salary unless I also register the firm as a S corp. S Corporation can also be registered by US Citizens and permanent residents, of which I am neither at this point.

Any success stories of self employment? If yes, please post it.

I have not received a good answer to these questions after crawling the net for days and contacting a few attorneys.

Thanks.

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