You're probably going to want an LLC or an S-Corp. Google around and you should get some good articles on the pro/cons or each.
Also consider these top of mind questions and notes... - How are you going to do your accounting? I use Quickbooks Online for this. QBOE also has a decent time entry tool that will pull over into Quickbooks invoices It's also worth looking at: Freshbooks, Tick, Harvest - Do you need business insurance and what type? Some corp-to-corp contracts will require certain types and amounts/levels. - Do you need a standard contract for customers? Some customers will bring one to you, others will not. - What Taxes to you need to file and when? Your CPA should be able to help you with this. - What Tax deductions can you take? Your CPA should help you with this. You can deduct all sorts of stuff. Also, read this "The unfortunate math behind consulting companies": http://blog.asmartbear.com/consulting-company-accounting.html And watch this "F*ck You. Pay Me": http://vimeo.com/22053820 That is a good start. -Cameron On Tue, Feb 21, 2012 at 4:11 PM, Frank Moorman <stretch...@franksdomain.net>wrote: > All, > > I am meeting with a CPA tomorrow. I plan on starting a company in order to > take > on the payments for the free lance work I am currently performing. When I > was > talking with the CPA today, I realized that not only do I not know what > type of > business I need, but I do not even know what questions to ask... The > reasons I > am most interested in doing this is so that I can try to minimize taxes, > but is > that all I need to look for? The CPA is suggesting a S-Corp for me, and I > know > I need to talk in more detail with him, but I still do not understand my > choices. > > While I will probably take the CPA's advice, I was hoping that maybe some > of the > people on this list that have gone through this experience can share some > insight. Any advice on questions I need to ask the CPA, or any topics I > should > discuss with him would be appreciated. I would love to hear from someone > who had > a moment of "WOW!, I wish I thought of that when I first started..." > > I know that this has been discussed at ACFUG meetings in the past (even > ones > that I attended and now wish I remembered more...) So if someone has a URL > to > share, that would also be appreciated... > > Once again, thanks for any advice... > > Frank > > > ------------------------------------------------------------- > To unsubscribe from this list, manage your profile @ > http://www.acfug.org?fa=login.edituserform > > For more info, see http://www.acfug.org/mailinglists > Archive @ http://www.mail-archive.com/discussion%40acfug.org/ > List hosted by http://www.fusionlink.com > ------------------------------------------------------------- > > > > -- Cameron Childress -- p: 678.637.5072 im: cameroncf facebook <http://www.facebook.com/cameroncf> | twitter<http://twitter.com/cameronc> | google+ <https://profiles.google.com/u/0/117829379451708140985>
