[Week 5]–10 26 13

Standard

Business Structure and Legalities

I was able to read through several different webpages that helped me first figure out what type of business structure I had. This could be either sole proprietor, partnership, corporation, and LLC.

business types

I am going to use a Sole Proprietor business model because I am the sole owner, don’t have any employees and control all the expenses and profits. One great thing I found out is that I can also have my husband join the company as well still being a sole proprietor. This is great because I am training him as my second shooter.

I found out that are things that there are ways to maximize your taxes and save for your business expenses.

5 Tax Breaks

Other Tax Breaks

One way to make sure that I am saving the most money possible is by making sure to keep good records.

IRS Record keeping Advice

There are quite a few things that I need to take into consideration for local, state, and federal taxes and forms of registration.

Find Rules for Area Living

 

 

 

 

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