I know there are many business owners and entrepreneurs (especially those starting out) that are mystified about how to deal with taxes now that they aren't on a standard W-2. Here are a few tips to start out a new business owner on the right track:
You must make a choice about your Business Entity
Of all of the choices you make when starting a business, one of the most important decisions is the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability faced by the owners, and your ability to raise money.
Author: Aimee Haynes
I motivate, I blog, I listen, I give advice, I help, I create, I work with others, I stand my ground when needed, and I am always open to new ideas. In addition to the qualities that define me most, I'm also a Corporate Law attorney working with entrepreneurs, creatives, and small businesses to help them achieve success.