Many freelancers opt to own and operate their business in the form of an S corporation (also called a Subchapter S corporation), as doing so allows them to reap some helpful tax savings. Put simply, when your business is an S corporation (a.k.a. S corp), you become its employee for tax purposes. Most S corporations, […]
Post Formation
A Freelancer’s Introduction to Getting Taxes Right
When working as a self-employed freelancer, one of the biggest tasks that you’ll need to accomplish is paying your taxes. Things are quite different as a freelancer than an employee, so knowing what steps you need to take throughout the year, as well as during tax season, is key. To help you navigate the complicated […]
Guide to Single Member LLC Post Formation Setup in California
After you’ve filed your articles of organization with the California Secretary of State, your LLC will begin its legal life. But there are still other actions that you need to take in order to make your LLC fully operational. Just when you thought the work was over, you realize that it isn’t. Stephen FishmanStephen has […]