By no means the title of the article means that those that don’t Inc don’t Think. It refers at how easy is to start your own business in a country founded by capitalist principles and values (even when we may be losing them in recent years). Many people ask the same thing: How do I [...]
Tag Archives: Incorporating
Incorporating… Too Many Options
- 20
- Feb
To me, the main advantage of incorporating is to create a separate entity from my personal life. If my business really goes badly, then it will not destroy my life and that of the partners that may have joined me in my venture. There are mainly three options to do so: C-Corporation S-Corporation Limited Liability [...]
Post Tagged with Incorporating, limited liability corporation, self employment income, Work and Career, Working Independently
Employer Identification Number
- 18
- Feb
A requisite for any serious business is to get a Federal Employer Identification Number (EIN). It is the business-world equivalent of the Social Security or Taxpayer Identification Number. You will need to use it to register tax payments of all kinds, including Social Security, Medicare, and Income taxes. Most importantly, you will need it to [...]
