Forums: Discussions for entrepreneurs and small business.

I recently left the corporate world and decided to work on my own.
I have been offered a consulting engagement in London for 4 months.

Question - I am currently a resident of California (live in San Francisco) and it seems evident that I need to establish a sole proprietorship (as opposed to Partnership or Corporation) as I will not have employees.

Question - since I would like to take advantage of tax benefits - would you recommend me to establish a sole proprietorship in California?

Can I explore establishing it in another state - eg Florida - where I used to reside fot tax purposes?

Finally, any other interesting tax/business implication/benefit with providing consulting in the UK?  An option I have is to work with an umbrella company in the UK that charges me 200 pounds per month to provide the services to my client - of course, I think I will lose the tax benefits right?

Any feedback is greatly appreciated - I just received the offer from the UK and I have to move quickly and estbalish the company as I need to leave by the first week of Jan - I am not sure how quickly this process/

Thanks again

DC

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Hello DC,

 

congratulation on your new venture as a business owner. I just wanted to tell you that I believe your questions are more for an accountant. I will suggest to call any accountant in your area to address this issues.

ok, good luck sent us some pictures from london. wish i can visit london.