If you are starting a small, part-time, home-based business that you can run at nights and weekends, what business form would you take?
I'm considered of establishing a small, home-based business. I've been reading some articles, but I'm still stuck dealing with the tax implications for each type. I've already got an equipment lease lined up and some suppliers, but I have not decided which type fits me better.
I'm really not fond of filing tax returns multiple times a year. I'm also not too excited about hiring an business accountant for such small operations even though the accountant's fees may be tax deductible.
Any business owners have any insights?
Thanks!
I'm considered of establishing a small, home-based business. I've been reading some articles, but I'm still stuck dealing with the tax implications for each type. I've already got an equipment lease lined up and some suppliers, but I have not decided which type fits me better.
I'm really not fond of filing tax returns multiple times a year. I'm also not too excited about hiring an business accountant for such small operations even though the accountant's fees may be tax deductible.
Any business owners have any insights?
Thanks!