on your own
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- abizzyman
who's freelance / incorporated on their own here?
pro's / con's?
I'm really close to making the switch from employed to self-employed...
I was thinking about protecting myself under an L.L.C. as you no longer need a partner. But S-Corp's also appear rather inviting.
Even if I don't leave the studio I'm at, I still need the protection of a corporation for my existing clients...
... any thoughts? I know it's different for all states (in the U.S.).
- jpea0
hey, i'd say to go for it.
it's so much better being your own boss anyway. Personally, i'm just using my SSN, but in the near future i'm forming an LLP with a friend of mine and we'll see where it goes from there. Hopefully it brings a little more of a legit feel for customers and we can gather larger clients rather than just agency work.well hey, good luck with it!
- woodyBatts0
Yeah i'm just using my SSN now as well but i'm doing an S-Corp in the future...
I say do it as well I'm a month in and am prety much set up for the next 4 months, the onlyu thing is is that with every good client, i seem to get a pooey one, but i guess thems the breaks
- withnail0
S Corp here.
our accountant claims its a good thing, but to be honest, I have to take his word for it
- SP™0
I have a Class C-Corporation
- abizzyman0
hmmm...
... explain how you use your SSN...
I'm a bit uneducated. I too am taking an accountant's word for it.
- shellie0
i use my ssn for most of it. if your working as a freelancers as a freelancer they'll just 1099 you. you can just use your ssn for that. you can also do your taxes with your regular ssn for your freelance income. usually this is what people do when they dont do much freelance.
for some companies i have worked with in the past.. they asked me to get an EIN.. which is just filling out a form on the irs site and they give you a number right there you can use.. and then they send you it in the mail. that would be an (employer identfication number) to you acronym impared types. heh.
- shellie0
ohyeah.. but when i registered for my EIN number i did it as sole proprietor ... so i didnt need a company name or anythng like that i can just be "shellie boyd" and use my EIN number. ya... ok. hope that helps.
- abizzyman0
I get 1099'd terribly...
... so I guess i'm doing the ssn thing...
... which I don't want to do anymore. I want to be able to write off everything I can and be protected under the articles outlining a corporation.
Under your ssn... someone can sue you directly... under a corp - you're protected... plus there are additional tax benefits.