|
I was gonna respond with some technical details, but you should really speak with an accountant. I'll give you some general thoughts, but please meet with at least one accountant. Most will do an initial consult for free in hopes of scoring your business when you form a company. Are you good with keeping records? The make the most of 1099 you're going to want to take deductions, and to take deductions you need to keep great records. I know you mention office space, but think about things you use at work, many of them can be deducted. If you're one of those people who can't keep track of that stuff, W2 might be better for you. Forming your own company is a great move and opens you up to other opportunities. Chances are you'll start attracting new clients and things will just roll from there. Having a big client to bankroll you thru the early times is a nice bonus. To be honest, tho, the IRS is the one who determines which you are. This is an extremely important read: https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee Here's a good article: https://www.forbes.com/sites/robertwood/2013/11/21/do-you-want-a-1099-or-a-w-2/#3cc23fd17463
|
#
¿
Mar 10, 2017 00:12
|
|
|
|
| # ¿ May 4, 2024 01:29 |
|
|
Find an attorney. They always have time and will have solid advice for your, as well. And chances are the attorney knows an accountant, and can pull a favor for you and get you a little time (or at least, a brief email conversation to nail down any details the attorney wasn't clear on)
|
|
#
¿
Mar 13, 2017 20:49
|
|