(originally written for The Water Trough, Ed Drozda’s fabulous website): Have you just started a business and been wondering whether or not to incorporate? Or freelancing for a while and wondering if now is the time to do it? What are the pros, cons, choices? LLC, S Corp, L3C, R2D2 – my head, she is
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Did you just open a business, start freelancing or receive a “1099 Form” for the first time? Congratulations on joining the ranks of the self-employed. You have earned the privilege of paying estimated taxes directly to the IRS, and perhaps your state as well. The skinny: When you are an employee you have taxes withheld
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GREAT! And — How you structure it is of vital importance — both to the business and to your friendships. If you want both to prosper it’s critical to think forward— how could things go wrong even if they go right? A critical component of any partnership or LLC is an operating agreement. Forego this
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Impoverishing One Impoverishes All If at all possible try to think as an economic unit, at least until the divorce is final. You are right – he/she is a louse –and you do need to have your financial needs met in a fair and equitable fashion. However when one party tries to grab all the
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© 2024 Aaronson Lavoie Streitfeld Diaz
