I heard Jean Chatsky on her Oprah & Friends XM Radio station the other morning talking about how stressed out we all are these days about our money – whether we have it or we don’t have it. Money problems are often related to legal problems – whether you’re dealing with a collections and creditors, or trying to collect on a debt yourself! Money challenges run the gamut of our lives…
One of the suggestions on Jean Chatsky’s program was to start a side business to earn needed extra money. If you are looking for ways to add some extra income to your current salary and are thinking of starting a small business (or if you’ve simply always wanted to start your own venture), here are a few resources to help you get started:
LawInfo’s Free Legal Resource Center – Start a Business!
SBA Small Business Readiness Assessment Tool
SBA Financial Assistance for Small Businesses
Choose a Business Entity Structure
Lindsey O'Neill is the Director of Legal Content and Strategic Development at LawInfo.com. Ms. O'Neill is a California licensed attorney based in La Jolla and experienced in a wide variety of legal and business matters.
Whenever you incorporate, there are several tax and non-tax considerations that can have a long-lasting affect on you, your family and business associates; as well as your business itself.
I’ve researched this extensively and had considerable experience. I always suggest folks do their own research before either doing it themselves or hiring someone to do it for you. That way they know if the job is being done the best way for their situation. There is no substitute for first hand knowledge.
In any case, I always recommend that licensed legal and tax advisors be consulted before any action is take that can have legal or tax consequences.
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