Piper Mike - Surprisingly simple

Author : Piper Mike
Title : Surprisingly simple Independant contractor, sole proprietor, and LLC Taxes Explained in 100 Pages or Less
Year : 2009

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Introduction. First, I'd like to extend my sincere congratulations on your decision to strike out on your own. Choosing to start your own business can be a wonderful thing. Obviously, many people dream of being their own boss, of controlling their work week, of being able to make a living doing what they love. Yet only a small percentage of those people ever actually decide to go ahead and do it. The reason, of course, is that it can be quite risky to give up the steady paycheck. The good news is that, with appropriate preparation, you can substantially minimize the financial risk involved. e Market research can help to minimize the risk that you're making a product or service that nobody is actually going to pay for. Setting up some cash reserves can help minimize the risk of a slow season in your business. Purchasing the appropriate types of insurance helps minimize the risk of liability to vendors and clients. Learning about the different tax rules that you are now subject to as a sole proprietor helps minimize the risk of your business failing financially. ...

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