Contents
Classificazione Fiscale LLC e Società: Guida Completa per Agente di Viaggio Indipendente LLC Membro Singolo
Introduzione
Come agente di viaggio indipendente, potresti considerare se dovresti operare come LLC membro singolo o stabilire una LLC con membri multipli con un partner. Questa è una decisione critica che impatta direttamente il tuo onere fiscale, la protezione legale, il potenziale di crescita aziendale e la complessità operativa quotidiana.
Questa guida completa esplorerà:
- Cos'è la classificazione fiscale LLC e come funziona
- Cosa significa essere una LLC membro singolo come agente di viaggio indipendente
- La differenza tra LLC con membri multipli e società
- Quando gli agenti di viaggio dovrebbero considerare di aggiungere un partner
- Implicazioni reali di membro singolo vs società nell'industria dei viaggi
- Come prendere la decisione giusta tra queste due opzioni
Questa guida fornirà tutte le informazioni necessarie per scegliere con sicurezza la struttura giusta per la tua attività di agente di viaggio.
Se stai considerando di registrare una LLC, ti raccomandiamo di leggere la nostra Guida Iniziale per comprendere il processo completo di registrazione LLC.
Part 1: Fundamentals - What is LLC Tax Classification?
Key Concept: Tax Classification vs Legal Structure
First, it's crucial to understand an important distinction:
Legal structure (what you choose at the state level) and tax classification (how the IRS treats your business for income tax purposes) are two different things.
Example:
- You can form an LLC at the state level (this is your legal structure—giving you liability protection)
- But for tax purposes, the IRS may treat it differently (this is your tax classification)
This is why an LLC can be taxed as a disregarded entity, partnership, S-Corp, or C-Corp. The LLC's legal status remains the same, but the tax classification can change.
How the IRS Classifies LLCs
The IRS has a system called "check-the-box" to classify LLCs. Essentially:
IRS looks at: "How many owners (members) does this LLC have?"
IRS response:
| Number of Members | Default Tax Classification |
|---|---|
| 1 member | Disregarded entity—taxed like a sole proprietorship |
| 2 or more members | Partnership—taxed like a partnership |
This is why "partnership" is mentioned in the title—when your single-member LLC becomes a multi-member LLC, it automatically becomes a partnership unless you choose a different classification.
If you want to learn how to register an LLC in Wyoming, you can refer to our detailed guide.
Part 2: Single-Member LLC as an Independent Travel Agent
Default Tax Classification: Disregarded Entity
If you are the sole owner, your single-member LLC's default tax classification is disregarded entity.
What This Means in Practice
1. How You Report Your Income
You report all travel agent income on your personal income tax return. Specifically:
Forms:
- You use Schedule C (Profit or Loss from Business)
- This is part of Form 1040 (your personal income tax return)
- Deadline: April 15
What you report:
- All client commissions
- Commissions from suppliers (airlines, hotels, etc.)
- Consulting fees
- Any other travel-related income
Example:
Suppose your travel agent LLC in 2025:
- Gross income (commissions + fees) = $85,000
- Business expenses = $25,000 (education, software, insurance, etc.)
- Taxable income on Schedule C = $60,000
This $60,000 is reported on your personal 1040 form.
2. You Don't File a Separate Business Tax Return
This is an advantage! Unlike multi-member LLCs (which need to file Form 1065), single-member LLCs don't need to file a separate business tax return with the IRS.
This means:
- ✅ Less paperwork
- ✅ Simpler tax filing
- ✅ Potentially lower accounting costs
If you want to learn about detailed LLC registration costs, you can check our Cost Guide.
3. You Pay Self-Employment Tax
As an independent travel agent, you need to pay self-employment tax. This is your contribution to Social Security and Medicare.
Self-employment tax rates (2025):
| Component | Rate | Income Limit |
|---|---|---|
| Social Security | 12.4% | Income up to $160,200 |
| Medicare | 2.9% | All income |
| Additional Medicare | 0.9% | Income above $200,000 (single) |
| Total | 15.3% | - |
How it works:
From the example above:
- Taxable income = $60,000
- Self-employment tax = $60,000 × 15.3% = $9,180
This $9,180 is paid along with your income tax.
Compared to salaried employees:
If you are an employee with a salary job, your employer pays half of your Social Security and Medicare taxes for you. But as a self-employed person, you pay the full 15.3%.
4. You May Need to Pay Quarterly Estimated Taxes
Because no one is withholding taxes from your client payments, the IRS expects you to pay quarterly estimated taxes throughout the year, rather than paying everything on April 15.
2025 Quarterly Estimated Tax Deadlines:
| Quarter | Period | Deadline |
|---|---|---|
| Q1 | January-March | April 15 |
| Q2 | April-May | June 16 |
| Q3 | July-August | September 15 |
| Q4 | October-December | January 15 (next year) |
How much you should pay:
Generally, you should pay 100% of your previous year's tax liability, or 90% of your current year's expected tax—whichever is less.
Travel agent tip: Are travel commissions seasonal? Work with your accountant to adjust your quarterly payments to match your actual income patterns.
5. Travel Agent-Specific Business Expenses
As a travel agent, you can deduct many business-related expenses on Schedule C, which reduces your taxable income.
Common travel agent expenses (all deductible):
| Expense Category | Specific Examples |
|---|---|
| Education & Certification | ASTA dues, travel certification courses, industry conferences |
| Technology & Software | Booking system fees, CRM software, website hosting, accounting software, Zoom |
| Office Supplies & Equipment | Computer, printer, stationery, sample brochures, itinerary templates |
| Marketing & Advertising | Website maintenance, social media ads, Google Ads, business cards, brochures |
| Travel & Transportation | Costs to attend travel conferences (registration + hotel + meals); trips to research destinations (partial) |
| Insurance | Professional liability insurance (critical for travel agents); general business liability |
| Host Agency Fees | Annual fees or training fees that some host agencies may charge |
| Home Office | If you work from home: portion of rent or mortgage, portion of utilities, internet |
| Phone & Internet | Business phone line or cell phone, business internet |
| Professional Fees | Accounting fees, tax preparation, legal consultation |
Expense calculation example:
Travel Agent LLC Gross Income = $85,000 Deductible Expenses: - ASTA dues: $300 - Travel education course: $1,200 - Booking system software: $600/year - Professional liability insurance: $1,500/year - Home office (300 sq ft × $5): $1,500 - Marketing & website: $2,000 - Professional accounting & tax: $1,500 - Education conference travel: $2,500 - Phone & internet business portion: $800 - Other office supplies: $500 Total Expenses = $12,400 Taxable Income (on Schedule C) = $85,000 - $12,400 = $72,600With these deductions, your taxable income is reduced from $85,000 to $72,600, saving significant taxes.
6. Liability Protection Still Applies
Important: The disregarded entity tax classification does not affect your liability protection.
Your LLC is still a separate legal entity under state law and still protects your personal assets from:
- Client lawsuits
- Business debts
- Supplier claims
- Other business-related legal issues
Tax classification (disregarded entity) and legal protection (liability protection) are separate.
If you are a non-US resident, you can refer to our Non-US Resident LLC Registration Guide to understand special registration requirements.
Part 3: Adding a Partner - From Single-Member to Multi-Member LLC
Key Transition: Everything Changes
This is an important point: When you add a second owner, your LLC's tax classification automatically changes from "disregarded entity" to "partnership."
You don't need to file anything with the IRS—the IRS automatically makes this change.
Default Classification for Multi-Member LLC: Partnership
Once you have two or more members, your LLC is default classified as a partnership unless you choose a different classification.
How This Changes Everything
1. You Now Need to File Form 1065
Form 1065 is "U.S. Return of Partnership Income." This is an informational tax return that the LLC files with the IRS to report the partnership's total income and expenses.
Key points:
- The business itself doesn't pay tax - this is still "pass-through" taxation
- But you must now file this form, telling the IRS who earned what
- Deadline: Usually March 15 (before April 15)
2. Each Member Gets a Schedule K-1
After Form 1065, the partnership creates a Schedule K-1 ("Partner's Share of Income, Deductions, Credits") for each member.
Schedule K-1 shows:
- That member's share of income from the partnership
- Their share of expenses and deductions
- Their share of credits
- Other tax items
Example:
Two travel agent partnership LLC:
- Gross income = $200,000
- Total expenses = $50,000
- Taxable income = $150,000
If they each own 50%:
- Member A's Schedule K-1 shows: $75,000 of partnership income
- Member B's Schedule K-1 shows: $75,000 of partnership income
3. Each Member Reports Their Share on Personal Tax Return
After each member receives their Schedule K-1, they report their share on their own Form 1040 (personal income tax return).
Specifically, they use Schedule E (Supplemental Income and Loss) to report income from the partnership.
4. Each Member Still Pays Self-Employment Tax
This is key—each member still pays self-employment tax on their K-1 income share.
Example:
Continuing the example above, if Member A has $75,000 in K-1 income:
- Self-employment tax = $75,000 × 15.3% = $11,475
- Plus income tax (based on their tax bracket)
- Total tax for Member A = possibly $17,000-$20,000+
5. Distributions Are Restricted
Unlike single-member LLCs (where the owner can withdraw funds at any time), multi-member LLC members must follow distribution rules specified in the partnership agreement.
Typically:
- Distributions must be proportional to ownership percentage
- For example, if you own 50%, you can distribute up to 50% of profits
- Distributions cannot change without all members' consent
Multi-Member LLC Considerations for Travel Agents
Why Travel Agents Add Partners
Reasons may include:
-
Business Growth
- You can't handle all clients alone
- A second agent can expand your services
-
Complementary Skills
- One agent specializes in European travel
- Another specializes in adventure travel
- Combined can attract more clients
-
Personal Reasons
- You want to work with a friend or family member
- Share responsibility and workload
- Access additional capital or resources
Key Considerations for Travel Agent Partnerships
1. Client Relationships
Travel agent businesses are often based on personal relationships.
- Many of your clients have a relationship with you personally
- If you add a partner, some clients may leave
- Need to clearly communicate the partnership arrangement and introduce the new partner to existing clients
2. Commission Distribution
This can become complicated.
Questions:
- Who gets which client's commission?
- What if one partner brings all business from their existing clients?
- What if they develop new clients in various ways?
Need: A clear partnership agreement specifying:
- Who "owns" which client relationships
- How commissions are split between new clients
- What happens when clients are transferred
3. Workload and Time
Travel planning requires uneven work:
- Peak seasons (holidays, summer): Heavy workload
- Off-seasons (January, September): Lighter workload
- Some trips require more time (custom international trips vs standard Caribbean vacation)
Issue: Partners may feel differently about uneven work.
Need: The partnership agreement should reflect this, or be based on their respective client bases rather than the entire business.
4. Technology and Systems
Increased costs:
- Many booking systems charge extra for multiple users
- CRM systems may need upgrades to handle multiple users
- Communication systems (phone, email) become more complex
Need: The partnership agreement should specify who pays these additional costs.
5. What Happens When a Partner Leaves
This is a realistic consideration.
Scenario: One of the partners wants to leave. What happens?
- Can they get their capital return?
- Do they get the clients they "own"?
- How does the remaining partner continue the business?
- Are there non-compete clauses?
Need: When forming a multi-member LLC, you need a detailed partnership agreement addressing these issues.
If you're considering using a registered agent service, you can compare Doola with other registered agent services.
Part 4: Complete Comparison of Single-Member vs Multi-Member LLC
This is a critical comparison in table format, especially for travel agents:
Tax and Compliance
| Aspect | Single-Member LLC | Multi-Member LLC (Partnership) |
|---|---|---|
| Default Tax Classification | Disregarded entity | Partnership |
| Business Tax Return | None (Schedule C) | Yes (Form 1065) |
| Member Reporting | Schedule C (personal 1040) | Schedule K-1 (to each member) |
| Business-Level Tax | None | None (but Form 1065 required) |
| Deadline | April 15 | March 15 (Form 1065) + April 15 (personal) |
| Accounting Complexity | Simple | Medium-Complex |
| Accounting Cost | $500-$1,500/year | $1,500-$3,500/year |
Finance and Distribution
| Aspect | Single-Member LLC | Multi-Member LLC (Partnership) |
|---|---|---|
| Distribution Restrictions | None (any time, any amount) | Based on partnership agreement (usually by ownership %) |
| Profit Distribution | All to owner | Based on partnership agreement distribution |
| Capital Investment | One owner | Multiple owners may = more capital |
| Debt Liability | Protected by LLC (for single member) | Protected by LLC (for members), but more complex |
Growth and Scalability
| Aspect | Single-Member LLC | Multi-Member LLC (Partnership) |
|---|---|---|
| Adding Owners | Can add (becomes multi-member) | Already set up with multiple owners |
| Splitting Ownership | Can split to new members | Ready framework |
| External Investment | Difficult | Easier (multiple owner framework) |
| Financing | Difficult (rely on one person's credit) | Easier (multiple owners can guarantee) |
| Business Viability | At risk if owner leaves or dies | Can continue (has other members) |
Legal and Management
| Aspect | Single-Member LLC | Multi-Member LLC (Partnership) |
|---|---|---|
| Partnership Agreement Needed | No (but recommended) | Yes |
| Management Complexity | Simple | More complex |
| Member Disputes | N/A | Possible issue |
| Decision Making | Sole owner | May require consent |
| Record Keeping | Medium | More requirements |
Travel Agent-Specific Considerations
| Aspect | Single-Member LLC | Multi-Member LLC (Partnership) |
|---|---|---|
| Client Management | Clear (all yours) | Complex (needs agreement) |
| Commission Distribution | Simple (all to you) | Complex (needs rules) |
| Work Burden | All on you | Can be shared |
| Business Continuity | Stops if you get sick or die | Can continue (with partner) |
| Business Growth | Limited by your capacity | Can scale faster |
| Liability Protection | Good (LLC benefits) | Good (LLC benefits) |
If you want to learn about LLC requirements by state, you can check our States Guide.
Part 5: Decision Guide for Specific Scenarios
Scenario 1: You're Just Starting as an Independent Travel Agent
Recommendation: Start with a single-member LLC.
Reasons:
- ✅ Simple taxes (Schedule C)
- ✅ Lower accounting costs
- ✅ Less paperwork
- ✅ You can learn the business without being burdened by complex taxes
- ✅ Can easily upgrade to multi-member later (if needed)
When to upgrade: When you genuinely need a partner's help, or when your income grows to $80,000+ and S-Corp election starts making sense.
If this is your first time registering an LLC, you can refer to our Non-US Resident LLC Registration Guide to learn how to avoid common mistakes.
Scenario 2: You and a Friend Want to Start a Travel Agent Business Together
Recommendation: Start as a multi-member LLC (with two members from the beginning).
Reasons:
- ✅ Clear ownership structure from the start
- ✅ Partnership agreement can prevent misunderstandings
- ✅ Can have clearer profit distribution
- ✅ No need to restructure later (changing from single-member to multi-member)
Key: Before registering the LLC and starting the business, take time to create a detailed partnership agreement. This should cover:
- Initial investment and capital contributions
- Profit and loss distribution
- Decision-making and voting rights
- What happens when one partner wants to leave
- Non-compete clauses
- Dispute resolution process
Scenario 3: Your Single-Member LLC is Growing, You Want to Add a Partner
Recommendation: Work with a lawyer and accountant for the transition.
What happens:
- Create a detailed partnership agreement
- Amend your LLC documents with the state (adding new member)
- Notify the IRS that you're now multi-member (your tax classification automatically changes)
- First year: There may be some tax complexity as you transition
Tax implications:
- Transition year can be complex (IRS may treat you as part-year based on when you added the member)
- Subsequent years: Follow standard multi-member LLC→Partnership rules
Costs:
- Lawyer fees to draft revised partnership agreement and LLC documents: $500-$1,500
- Additional accounting fees for transition: $500-$1,000
Timing consideration: To minimize tax complexity, it's best to add a new member at the beginning of the calendar year (January 1).
Scenario 4: You Want to Know What Happens If You Choose S-Corp Classification
Key point: Whether you're single-member or multi-member, you can elect S-Corp tax classification, but it works slightly differently.
S-Corp for Single-Member LLC
If you have a single-member LLC and elect S-Corp classification:
- You still operate as the sole owner
- You pay yourself a reasonable salary (through payroll)
- Any profit above salary is distributed (no self-employment tax)
Tax advantage: You may save 10-25% on self-employment tax, depending on your profit.
S-Corp for Multi-Member LLC
If you have a multi-member LLC and elect S-Corp classification:
- Each member must pay themselves a reasonable salary
- Any profit above salary is distributed to members (no self-employment tax on that portion)
- More complex (multiple payrolls, K-1s still needed, etc.)
Part 6: Insurance and Liability Considerations for Travel Agents
Why Professional Liability Insurance is Critical
While LLCs provide liability protection, for travel agents, professional liability insurance (E&O insurance) is critical.
Why:
- Clients lose money due to your advice
- You book the wrong flight or date
- Incorrect passport information causes clients to miss flights
- Terrorist attack or disaster at a destination you recommended
LLC liability protection may not be sufficient to cover these scenarios.
What E&O Insurance Covers
Coverage:
- ✅ Your errors or omissions causing clients' financial losses
- ✅ Defense costs and attorney fees for lawsuits
- ✅ Settlement or judgment amounts (up to policy limits)
Not covered:
- ❌ Intentional misconduct
- ❌ Criminal acts
- ❌ Disputes with host agencies
- ❌ Cybersecurity breaches (need separate insurance)
Cost
Typical cost: $500-$2,000/year
Factors affecting cost:
- Your annual revenue
- Number of clients you handle
- Your claims history
- Coverage amount you choose (typically $50,000-$500,000)
Good news: This expense is deductible on Schedule C!
Insurance Implications for Single-Member vs Multi-Member
- Single-member LLC: You personally are covered as the owner
- Multi-member LLC: Each member should be covered; some policies cover multiple members, but you need to ask specifically
Part 7: Special Considerations for International Entrepreneur Travel Agents
As an independent travel agent from outside the United States, there are additional considerations:
EIN and Foreigners
If you are not a U.S. citizen:
- You may need an ITIN (Individual Taxpayer Identification Number) instead of SSN (Social Security Number)
- Or your LLC may need an EIN (if multi-member or has employees)
- This uses the same SS-4 application form, but with additional steps
Tax and Green Card/Visa Status
- U.S. LLC tax rules apply to both U.S. citizens and foreigners
- Foreigners must elect U.S. taxation, same rules apply
- You may also have tax obligations in your home country (depending on that country's laws)
Recommendation: Work with a tax professional who has experience with international clients.
If you are a non-US resident, we strongly recommend reading our Complete Guide for Non-US Residents to Register an LLC to learn detailed registration steps and common pitfalls.
Part 8: Frequently Asked Questions
Q1: If I have a single-member LLC now, will it be difficult to add a partner later?
A: Not difficult, but requires some steps:
- Create partnership agreement
- Amend LLC documents, add new member (state level)
- Update your EIN or get a new one (if you didn't have one before)
- Notify IRS of classification change
- Set up Form 1065 reporting
Cost: $500-$2,000 for lawyer and accounting
Time: 2-4 weeks
Tax implications: Transition year can be complex; best to do at beginning of calendar year
Q2: What if I don't get along with my partner anymore?
A: This is exactly why you need a detailed partnership agreement.
It should specify:
- How partners can leave
- How they get their capital
- Whether they get the clients they "own"
- Non-compete clauses upon departure
- How remaining partners continue
No clear agreement = Chaos and potential lawsuits
Q3: Is it harder for travel agents with multi-member LLCs to get bank accounts or financing?
A: Not necessarily harder, but may be different.
Bank accounts:
- Need identification from all owners
- Need partnership agreement
- Need to show who has signing authority
Financing:
- Multiple owners may actually be easier (multiple credit histories)
- Banks like to see multiple owner commitment
- But need all members to agree to any loan terms
Q4: Can I have different ownership percentages if I'm a multi-member LLC as a travel agent?
A: Yes, absolutely.
Examples:
- Partner A owns 60%
- Partner B owns 40%
Or:
- Partner A owns 75%
- Partner B owns 15%
- Partner C owns 10%
Key: The partnership agreement must clearly specify percentages and should explain how this affects:
- Profit distribution
- Loss distribution
- Voting rights
- Decision-making authority
Q5: When does a single-member LLC no longer make sense for travel agents?
A: Usually when the following occurs:
-
Income reaches $80,000-$100,000+
- S-Corp election starts making tax sense
- Accounting costs justify the savings
-
You have a legitimate second owner
- Not just "considering," but genuinely need a partner
-
Your personal assets need more protection
- Multi-member structure may provide additional protection (though single-member LLC already provides a lot)
-
You handle client funds
- Some host agencies or high-end clients may prefer multi-member LLC as "more established"
Q6: What should a travel agent partnership agreement include?
A: At minimum include:
-
Initial investment and capital
- How much each partner contributes
- How this reflects in ownership
-
Profit and loss distribution
- How profits are distributed (usually by percentage)
- How losses are distributed
-
Distributions and withdrawals
- How much can be withdrawn
- When withdrawals can be made (monthly, quarterly, annually)
-
Work and responsibilities
- What each partner does
- Time commitment expectations
- What if one partner has to leave
-
Decision-making and voting
- Who can make which decisions
- When all partners' consent is needed
- How to resolve disagreements
-
Client ownership
- Who "owns" which existing clients
- How new clients are split
- What happens to clients if partner leaves
-
Non-compete clauses
- Whether partners can compete if they leave
- How long they can't compete
- Geographic restrictions (if any)
-
Departure
- What happens if a partner wants to leave
- How they withdraw their capital
- What happens to their clients
- Whether there are buy-sell options
-
Death or disability
- What happens if a partner dies or becomes unable to work
- What happens to heirs or beneficiaries
- How the business continues
Cost: $1,000-$3,000 for lawyer to draft partnership agreement, depending on complexity
Q7: Will a multi-member LLC affect my clients differently as a travel agent?
A: Won't directly affect most clients, but:
Potential benefits:
- Multi-member LLC may look "larger" and "more established"
- If one owner is sick or on vacation, clients know there's someone else
- You may be able to handle more clients (division of labor)
Potential risks:
- If clients are closely tied to one specific agent, they may be disappointed when "their" agent leaves or is unavailable
- Need to clearly manage expectations
Best practice: Clearly communicate your structure:
- "My partner and I are both available to help you"
- "If I'm on vacation, [partner] will take care of your booking"
Part 9: Next Steps
If You're Currently a Single-Member LLC
Immediate steps to take:
-
Talk to an accountant or tax professional
- Confirm your tax classification is correct
- Understand your tax burden
- Plan your quarterly estimated taxes
-
Get professional liability insurance
- Contact insurance agent for travel agent E&O quotes
- This should be deductible on Schedule C
-
Establish good record-keeping system
- Use QuickBooks or FreshBooks
- Track all business expenses
- Save all receipts (7 years, in case of IRS audit)
-
Monitor your income
- If reaching $80,000+, discuss S-Corp election with accountant
- Calculate potential savings
If You're Considering Adding a Partner
Steps to take:
-
Have in-depth conversations with potential partner
- Ensure your goals align
- Discuss work styles, client management philosophy
- Have honest discussions about money and profit distribution
-
Consult with a lawyer
- Draft partnership agreement
- Discuss LLC structure (multi-member vs others)
- Handle all legal documents
-
Consult with an accountant
- Understand tax implications
- Set up accounting system to handle multiple members
- Plan Form 1065 reporting
-
Communicate with all relevant stakeholders
- Existing clients: Introduce your new partner
- Host agencies and suppliers: Update your business information
- Bank: Modify account access and signing authority
Immediate Action Checklist
- [ ] Understand your current tax classification
- [ ] Get professional liability insurance quotes
- [ ] Consult accountant about quarterly estimated taxes
- [ ] Establish or improve record-keeping system
- [ ] If considering partnership: Consult with lawyer and accountant
- [ ] If you have a partner: Draft partnership agreement
If you need more help, you can check our About Us page to learn how we help global entrepreneurs establish and grow their US businesses.
Summary and Final Recommendations
Key Takeaways
✅ Single-member LLC (default disregarded entity) is great for independent travel agents:
- Simple taxes
- Lower accounting costs
- Still provides liability protection
- Can easily upgrade later
✅ Multi-member LLC (default partnership) is great when you need a partner:
- Clear ownership structure
- Ability to share work and resources
- Stronger growth potential
- Requires detailed partnership agreement and more complex taxes
⚠️ Key difference:
- Adding a member automatically changes your tax classification from disregarded entity to partnership
- Form 1065 and Schedule K-1 become necessary
- Accounting complexity and costs increase
✅ Must have:
- Professional liability insurance (whether single-member or multi-member)
- Good record-keeping
- If you have a partner: Detailed, lawyer-drafted partnership agreement
Final Recommendations
If you're now an independent travel agent: Start with a single-member LLC. Simple, cheap, scalable.
If you're working with someone else: Start as a multi-member LLC from the beginning, with a clear partnership agreement.
As you grow: Monitor your income and discuss S-Corp election with your accountant when the numbers make it worthwhile.
Always: Get professional liability insurance. This is one of your most important investments in your travel agent business.
Last updated: January 2026
This content is for educational purposes only. For specific tax or legal advice for your particular situation, consult a qualified tax professional (CPA) or business attorney.
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