 |
 |
 |
 |
 |
 |
 |
 |
Tax Information With A Mother's Touch
Published by Eva Rosenberg, MBA, EA
|
Tax Information With A Mother's Touch Published by Eva Rosenberg, MBA, EA |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
» From: Charlotte, FL Dear TaxMama: I am in the process of purchasing a non-medical homecare franchise. Not sure how I should set up my business to incorporate, or not, as far as the best tax relief avenues. My spouse will be my parnter although on paper. I have a friend that would like to work for "sweat equity" to assist in start-up for a percentage of the business. Any comments or experience in that? I actually have a zillion questions guess I need to start one at a time for now. Thanks for any input you can share. Maggie  Run - Don't walk. To your nearest tax professional! You're right. You should have a zillion questions. And I can't answer them all. Most definitely you should set up some sort of corporation to protect you from any potential liability and lawsuits. Anything involving sending people into homes will generate accusations of damage and theft, at some point. What kind of entity to set up will all depend on too many factors to get into here. One day, I will write a short book on how to choose. Your tax pro will be able to evaluate your options. You know, you might just check with Frank Webster, EA in Florida. If he can't help you, he WILL be able to recommend someone who can, since he publishes the newsletter for the Enrolled Agents Society in Florida. Sounds like a wonderful business. Start out properly and you're going to succeed. Best wishes, Eva Rosenberg Your TaxMama  |
 |
 
|
|
 |
|
| Library of Congress - ISSN 1532-0790 Copyright © 2000-2003 - Eva Rosenberg |
|
Home | This Week's Issue | Articles by TaxMama | For Tax Pros Investment Secrets | IRS News | Smart Tax Moves | Critical Dates Using Money Wisely | Money Funnies & Inspiration | Because We Care About TaxMama | Our Privacy Policy | Legalese and Disclaimer | |
|
|
 |
Certain graphics on this site were created especially for TaxMama by Serenata of Serenata Design. Site design & maintenance by Serenata Design. |
