Starting Llc Affects Ssi

Summary

Starting an LLC in Alabama can affect your SSI disability payments, as SSI is need-based and considers income and resources for eligibility. The income from the LLC could potentially reduce or affect your SSI payments. The Social Security Administration will evaluate your earnings and work activity to determine the impact. It is advisable to consult a lawyer specializing in Social Security law to understand your specific situation better.

Full Conversation

Ssi
Hey Rob! Here's what you need to know:
- SSI (Supplemental Security Income) is need-based. Your income and resources are considered to determine eligibility.
- Starting an LLC could count as income, potentially reducing or affecting your SSI payments.
- The Social Security Administration (SSA) will evaluate your earnings and work activity.
You might want to consult a lawyer specializing in Social Security law to understand your specific situation better. Would you like more information on this?