Forums: Discussions for entrepreneurs and small business.

Hi Everyone,

I am an IT Professional for about 10 years, I do alot of work on the side for extra income. I set myself up as a sole proprietor. Now I am wondering if I should use another business structure. My goal is to make this my full time career, so I want to lay the ground work correctly now. Any IT pros out there with any insight? Thanks for your time.

Ommie

as you gather insight from people within the community, you should also be sure you`re familiar with this information:

http://www.startupnation.com/pages/start/Step4.asp

START IT UP!!!

rich

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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

You should emulate successful business models, regardless the industry the most successful businesses are real corporations.

You will find opposition to that statement from those that claim "double Taxation" or "excess retained earnings" or "Personal Service Corporation tax rates". Rest assured that proper structuring, common sense and even a modicum of intelligence, avoids any of these ethereal spectors.

If you want an explanation of any or a solution to any of these, let me know.

Richard