I was looking at starting out, recording what I made, then if it got over say, $400 depending on how business was, I'd turn in the papers and hire someone to do the work so I can afford them by that point, then I can work up to a business licence, and llc. That a decent approach?
Thanks, Tyler Littlefield Web: tysdomain.com email: tyler@xxxxxxxxxxxxx My programs don't have bugs, they're called randomly added features.----- Original Message ----- From: "Sina Bahram" <sbahram@xxxxxxxxx>
To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, June 01, 2009 9:34 AM Subject: RE: home business-getting started
You do not need a license, but you do need a tax guy to do some of the paperwork. When folks pay you, they can contract you as a 1099 employee , butthat means you pay both parts of federal and state, so the taxes are higher,but it's ok because you probably have a ton of expenses to show. Take care, Sina -----Original Message----- From: programmingblind-bounce@xxxxxxxxxxxxx [mailto:programmingblind-bounce@xxxxxxxxxxxxx] On Behalf Of Tyler Littlefield Sent: Monday, June 01, 2009 11:31 AM To: programmingblind@xxxxxxxxxxxxx Subject: Re: home business-getting startedI was thinking about going that, then using llc later. Will I need a licenceto get going? Thanks, Tyler Littlefield Web: tysdomain.com email: tyler@xxxxxxxxxxxxx My programs don't have bugs, they're called randomly added features.----- Original Message ----- From: "Sina Bahram" <sbahram@xxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, June 01, 2009 9:12 AM Subject: RE: home business-getting startedYou don't need a lawyer for this because you don't need to incorporate. Just phrase it as a soul propriotorship. Just get a good CPA. Take care, Sina -----Original Message----- From: programmingblind-bounce@xxxxxxxxxxxxx [mailto:programmingblind-bounce@xxxxxxxxxxxxx] On Behalf Of Ricks Place Sent: Monday, June 01, 2009 7:04 AM To: programmingblind@xxxxxxxxxxxxx Subject: Re: home business-getting started Hi TY:You are going to start a business. You are going to be a professional or aContractor in effect. Getting a Lawyer is a very good idea but the paperwork he will need to do is very standard and minimal so he should not charge much, shop around by phone. I will go back and see if I saved any notes when I was about to do the same thing. You just need to keep track of what you take in and spend and the hours you actually work. If you are on SocialSecurity or Medicaid there are rules about how many hours per week you canwork and how much you can make before you lose your benefits. There are also trial periods for Social Security etc... It all gets a little complicated and an experienced lawyer can help you sort all the ifs ands and buts. You don't have to actually start a business that requires anything more than you keeping track of what you do, no accountingsystem stuff other than just what you normally might do with a little moredetail and documentation in case there are any questions.The only thing I can say is that you will be like a Doctor, Plumber or other Professional providing a service. I don't know if you actually sell products if there isany diference. There are several types of business. The Type S Corp is forsmall businesses who don't want to Incorporate, it is for a single person orsmall partnership. It is overkill though since it requires some accountinghoops. Thereare a couple of other business forms, I forget off the top of my head, for contractors and professionals with fewer requirements. I willscrounge around a little but you should get a lawyer in any case. You wantlimited Liability so if sombody sues you you are only responsible for payments to the extent of your business, you want simple or no additional accounting tax requirements and any other safety and easy helper features of the business type you are going to start. I think my lawayer was going tocharge me about $150 to set up the business. I would have had to report mytaxes quarterly and had limited liability to the assets I put into the business. I was going to work less than the maximum hours allowed under Social Security so would not lose that income and run the business as a part time venture. This sounds like a plan for you as well depending on your current involvement with Government Programs like Social Security. Well, I will see if I saved anything on my business plan which included the legal framework. I will get back to you later but start googling and find a number of lawyers in your specializing in small business startups who you can ask questions of on the phone before you have to pay something to start the business. Youwill learn more as you google, hear from me and talk to the lawyers. Also, ask on other lists how self employed programmers are handling the businesstype and tax requirements. Rick USA----- Original Message ----- From: "Tyler Littlefield" <tyler@xxxxxxxxxxxxx>To: <programmingblind@xxxxxxxxxxxxx> Sent: Monday, June 01, 2009 2:15 AM Subject: OT: home business-getting startedHello list, I've thought about doing a computer repair/virus removal performance tuning type of business, and was going to put an add in the news paper. I'm wondering what kind of hoops I need to jump through; it looks like I need a couple of licences from the CO website, but I'd like to see how things go before I have to get a lawyer and etc. Is there a legal way to run it and record earnings while I see if I'm going to make enough money to make this worth it? Any ideas/advice would be great; I wasn't sure where to ask, and I believethere are a few people on the list that run a business that may be able tothrow out some ideas. Thanks, Tyler Littlefield Web: tysdomain.com email: tyler@xxxxxxxxxxxxx My programs don't have bugs, they're called randomly added features. __________ View the list's information and change your settings at //www.freelists.org/list/programmingblind__________ View the list's information and change your settings at //www.freelists.org/list/programmingblind __________ View the list's information and change your settings at //www.freelists.org/list/programmingblind__________ View the list's information and change your settings at //www.freelists.org/list/programmingblind __________ View the list's information and change your settings at //www.freelists.org/list/programmingblind
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