PDA

View Full Version : the NEXT step


jhoneycutt
03-05-2006, 06:56 PM
now that I got some Insurance what is the next step as far as taxes etc...

Mr Budget
03-05-2006, 07:28 PM
you gotta make the money to pay the taxes on:)

ECS
03-05-2006, 08:54 PM
Get an accountant.

befnme
03-05-2006, 08:56 PM
now that I got some Insurance what is the next step as far as taxes etc...
are you going to employ anyone , get workers comp.

BCFLawnLandscape
03-05-2006, 09:15 PM
I wouldn't get an accountant just yet. You need to get a tax ID with the IRS. That would be the next step. Go to irs.gov and get all that stuff taken care of. I wouldn't get an accountant unless you have like 50 or more weekly jobs. Unless you really think you need one! Hope this helps!

down size
03-05-2006, 09:26 PM
jhoneycutt your profile says youv'e been in busines for 12 years? Is it a misprint.

jhoneycutt
03-07-2006, 08:50 PM
jhoneycutt your profile says youv'e been in busines for 12 years? Is it a misprint.
no it is not a miss print I was doing this P/T maybe 3 to 5 res. a yr. trying to get bigger a commercial. !

nobagger
03-07-2006, 09:09 PM
no it is not a miss print I was doing this P/T maybe 3 to 5 res. a yr. trying to get bigger a commercial. !
Find an accountant, make your company a "sole proprietor" (that is when you use your ssn) set up a bank account and make some money.:drinkup:

down size
03-07-2006, 09:39 PM
A sole proprietor is a good way to start.Work with a accountant they will be able to tell you when or if it's time to Inc. or LLC. Start a bank account in the business name. Make sure to tell your insurance co. (vehicle) once your'e using it for the business it may not cover you.