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Work Update & computer question
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<blockquote data-quote="timer lady" data-source="post: 337106" data-attributes="member: 393"><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'">Congrats on the self employment. Personally, I'd self incorporate as an LLC so that you don't lose your home over a litigious client. That would include the need to get a business license. There is legal software out there that will help you get this up & running. </span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'">I'm saying this, especially if it turns into a long term situation.</span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'">If you have a home office (a separate designated room is best) then it becomes part of a tax deduction. If you can swing it, I'd get a business computer with an external hard drive. That's the best way to conduct business at home. You don't want to mix business with "pleasure" in this case. </span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'">I know that you're hurting financially however as money comes in & if business continues more regularly please put these 2 items at the top of your list to protect you & your assets.</span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'">Obviously, ask for an consultation agreement letter from your client stating the estimated time of consultation, the potential income, etc. Put the letter together as a estimate/contract & have your client sign the estimate - that crosses your t's & dots your i's. Don't forget to invoice your clients monthly & keep copies of all payments as proof in income. Include a list of potential clients that you are contacting or who has contacted you.</span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p><p><span style="font-size: 12px"><span style="font-family: 'Comic Sans MS'"></span></span></p></blockquote><p></p>
[QUOTE="timer lady, post: 337106, member: 393"] [SIZE=3][FONT=Comic Sans MS]Congrats on the self employment. Personally, I'd self incorporate as an LLC so that you don't lose your home over a litigious client. That would include the need to get a business license. There is legal software out there that will help you get this up & running. I'm saying this, especially if it turns into a long term situation. If you have a home office (a separate designated room is best) then it becomes part of a tax deduction. If you can swing it, I'd get a business computer with an external hard drive. That's the best way to conduct business at home. You don't want to mix business with "pleasure" in this case. I know that you're hurting financially however as money comes in & if business continues more regularly please put these 2 items at the top of your list to protect you & your assets. Obviously, ask for an consultation agreement letter from your client stating the estimated time of consultation, the potential income, etc. Put the letter together as a estimate/contract & have your client sign the estimate - that crosses your t's & dots your i's. Don't forget to invoice your clients monthly & keep copies of all payments as proof in income. Include a list of potential clients that you are contacting or who has contacted you. [/FONT][/SIZE] [/QUOTE]
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