Calling Icrontic's Entrepreneurs
Creeperbane2 Victorian ScoundrelIndianapolis, IN Icrontian
So. The wife and I are going into Copywriting on a freelance basis! We've studied up, got a shmancy new Outlook E-Mail, working on socials and a website, and even have a designer on call. Almost ready to start pitching clients. We just have one question, taxation.
The course we took suggested forming a Sole Proprietorship or perhaps an LLC. We are going to contact my Step Sister-in-law, whom is a CPA. However, I seem to remember a few folks on here work for themselvs. So what do you reccommend, Sole Proprietorship, LLC, or us it even worth it at this stage so long as we put back the right amount for taxes? We hope to market as Neverland Copywriting.
Personally I'd start work as DBA ("doing business as" yourself) to avoid the complications of an LLC until you're sure revenue is high enough to offset the overhead of separating your taxes and banking.
I concur: don't create a legal structure based on what you think will happen. Just start doing business (DBA as Lincoln says) and if you make enough revenue, the need for an LLC will become apparent. There is zero benefit to creating an LLC to start, and only increases your complexity and costs.
Thanks! I had a feeling an LLC would be overkill. Oh, and, hey, if you goys ever need some copy done drop me a line! I'll cut you a deal.