Description
Whether you are just starting out as a freelancer or have been freelancing for years, choosing the right legal structure for your business is an important part of maximizing your returns and minimizing your risk. In the right situation, forming a limited liability company (LLC) or corporation can be a way to manage legal liability and potentially lower your tax bill. But the details are often confusing. Business Entities for Freelancers is a concise guide to legal entities and their related technicalities, focused on issues useful to U.S.-based freelancers. It offers clear, specific guidance, with numerous examples, designed to give readers a foundation for making sound choices. In addition to the basics of owning and managing sole proprietorships, LLCs, and corporations, the book introduces related topics, including contracts, trademark and other naming concerns, and taxes.