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Newsgroups: rec.crafts.metalworking
From: Ignoramus16919 <ignoramus16...@NOSPAM.16919.invalid>
Date: Tue, 3 Oct 2006 02:47:42 +0000 (UTC)
Local: Tues, Oct 3 2006 12:47 pm
Subject: Re: OT questions about starting part time bus.
On 2 Oct 2006 19:43:34 -0700, monkers <monk...@novocon.net> wrote:
> I was wondering if anyone could tell me how to go about starting a part I would a) open an S corporation or another legal entity (I have an S > time shop up? I would not be doing a lot of work, but would like to do > this proper, and legal so as not to worry about the IRS or anything > like that. Im a machinist full time but get request for machine work > and welding on occassion. I know a lot of people say "just take cash" > but that doesnt seem like the best solution. > What are the correct steps? I do not have an accountant yet, > and I dont know anything about running a buisness. Any help would be > great, corp) and b) if you make any money at all, get a tax advisor who cares about you and your deductions, not ust about getting a yearly check from you. The amount of tax deductible things that you can do if you turn your hobby into business, is considerable. i You must Sign in before you can post messages.
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