Thanks for joining the conversation, Laura. Let me share my insights about setting up a Limited Liability Company (LLC) in QuickBooks Online (QBO).
Setting up the company type is the same as setting it up in other company files in QBO. To do that:
- Go to the Gear icon and select Account and settings.
- Click Advanced.
- Select the pencil icon in the Company type section.
- From the Tax form dropdown, select Limited liability.
- Click Save, and then Done.
In QBO, we can have multiple companies under a single account. Each company has its separate paid subscription, but we can access them using the same Intuit login credentials. Doing so allows us to quickly switch between companies so we can manage their information more conveniently.
Feel free to leave a reply below if you have clarifications about setting up a company type. The Community is always open to entertaining your questions. Keep safe, and have a great day.
