Well, it all depends on how much you make, and what state you are in. Laws are different in each state, so double check with a lawyer or accountant before you really get into it.
Being an LLC, my company income goes on my 1040 form in the dividends box, which means thanks to President Bush, my tax rate on that is much lower. Also, you are able to separate things from your personal life. My photography business is incorporated, the clients sign with the company, not me, and the company holds the insurance, not me, which means if there is a lawsuit or something along those lines, I am able to keep myself protected. The protections are limited, but they do exist. > -----Original Message----- > From: Candace Cottrell [mailto:[EMAIL PROTECTED] > Sent: Monday, June 16, 2003 10:07 AM > To: CF-Community > Subject: RE: Home Business was(RE: Microsoft ActionPack Subscription (with > cou pon....)) > > I was wondering about this as well. > > I do some sites on the side, but just add the $$ ( a very small amt) to > my gross income. > > I emailed the IRS and they didnt give me too definitive an answer. > > > Candace K. Cottrell, Web Developer > The Children's Medical Center > One Children's Plaza > Dayton, OH 45404 > 937-641-4293 > http://www.childrensdayton.org > > > [EMAIL PROTECTED] > > >>> [EMAIL PROTECTED] 6/16/2003 9:54:08 AM >>> > I have been operating my side/contracting business as Terminal-Fusion > for > several years now, but never actually went the legal route. Always > just > tack what ever I make on to the top of my base income come taxt time. > > What are the benifits of becoming incorperated? > > Tim > > > -----Original Message----- > > From: Raymond Camden [SMTP:[EMAIL PROTECTED] > > Sent: Monday, June 16, 2003 9:54 AM > > To: CF-Community > > Subject: RE: Home Business was(RE: Microsoft ActionPack > Subscription > > (with cou pon....)) > > > > > I am wondering, did any of you ever take the time to set up > > > an actual company? How difficult is it? I was thinking sub > > > chapter s? > > > > > > > I thought I _had_ to. I just used my name as my business (same thing > I > > did when I bought a computer via Dell using their Small Business > > prices). I should have named my company Vandelay Industries. ;) > > > > -ray > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Archives: http://www.houseoffusion.com/cf_lists/index.cfm?forumid=5 Subscription: http://www.houseoffusion.com/cf_lists/index.cfm?method=subscribe&forumid=5 This list and all House of Fusion resources hosted by CFHosting.com. The place for dependable ColdFusion Hosting. http://www.cfhosting.com Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
