| Author | Thread |
|
|
01/18/2007 01:42:02 PM · #1 |
ok, so I have been shooting a couple of jobs under the table now and want to go legal. it's just the right thing to do. What do I need to do to do that. I'm hopeing for some help here. I have tried google and I keep getting words like tax id number, and small business licens but no one can tell me what I have to do to get these.
please help
|
|
|
|
01/18/2007 01:50:46 PM · #2 |
|
|
|
01/18/2007 01:51:50 PM · #3 |
my question is what is this. After I get it, what do I do with it.
this is getting in over my head, would an accountant be able to help me with this or should I go to where I file my taxes?
|
|
|
|
01/18/2007 01:55:37 PM · #4 |
Step one: Talk to a lawyer.
Step two: Hire an accountant. |
|
|
|
01/18/2007 01:57:06 PM · #5 |
your guys's legal system scares me..but I'm canadian so pretty much everything scares me...hahaha
KIDDING!!!!
Be careful with an accountant, they're not exactly cheap. I know lots of people with legit small businesses who've never gone that route, but again, I'm in Canada so admittedly in the states it might be different. |
|
|
|
01/18/2007 02:00:26 PM · #6 |
Not to hijack, but I have a question about EINs. Can they be used to establish credit?
|
|
|
|
01/18/2007 02:04:54 PM · #7 |
You can be a sole proprietor and use your SS number instead of a Tax ID. You will be required to pay estimated quarterly taxes. If you decide to incorporate and employ people then a tax id (EIN) will be needed.
SO a DBA (trade name) and a tax resale license is what you need.
In Arizona I got a register of trade name and tax resale license from the state. Call the secretary of state in your state they will have all the info for you.
Message edited by author 2007-01-18 14:05:45. |
|
|
|
01/18/2007 11:32:36 PM · #8 |
wonderful thankyou so much
|
|
|
|
01/18/2007 11:44:08 PM · #9 |
i am a fulltime freelancer, so i say this with confidence:
run (do not walk) to the library/bookstore and get this book.
nolo press offers a great line of books for small biz ppl like us.
you don't need an EIN if you're a self-employed, small shop. you can register as a sole proprietor and use your SSN instead.
these books will help you determine if you're actually a sole proprietor or if this is considered a "hobby" instead of a business.
i suggest that you read this book (and others in the series) and THEN talk to a small business accountant. that will make your time worth much more, as you will have a foundation of knowledge and will be able to have a full-on discussion rather than a "talking to."
:) good luck! |
|
|
|
01/19/2007 12:17:05 AM · #10 |
Originally posted by muckpond:
... get this book.
... these books will help you determine if you're actually a sole proprietor or if this is considered a "hobby" instead of a business.
... i suggest that you read this book (and others in the series) |
Thanks for the book suggestion  muckpond. I thought I would jump on the bandwagon too. I did a search for the book on Amazon, and noticed there are newer editions than the 7th edition you linked.
8th Edition
Latest Edition
Thanks again.
|
|
Home -
Challenges -
Community -
League -
Photos -
Cameras -
Lenses -
Learn -
Help -
Terms of Use -
Privacy -
Top ^
DPChallenge, and website content and design, Copyright © 2001-2025 Challenging Technologies, LLC.
All digital photo copyrights belong to the photographers and may not be used without permission.
Current Server Time: 08/01/2025 04:12:50 AM EDT.
