business licenses...
Out of context: Reply #8
- Started
- Last post
- 8 Responses
- madirish0
very good info, mrb.
and yes, you can write-off and depreciate all your freelance-related purchases/ expenses as a sole proprietor. you do not *have* to be a registered LLC, LLP, SCorp, ect to do this.
now, if you are in the US (i think you are) there are state limitations and or restrictions to the extent this can be done. check into that. i have had a multi-state, int'l billing LLC, sole p., single corp, and they all have their benefits and negatives. i know a lot of people here on NT feel you can have this done (whichever you choose) for $100 over the internet or something, but personally (and from someone who has done this enough already) i would never do this and i think it will result in a 'get what you pay for' situation down the road.
do it right, consult both a legal and accounting rep to weigh your options for this decision, and pay them for it. that is what they do. would you be happy if all lawyers designed their own websites? probably not....
just my 2 cents....