I'm getting ready to start a small one-person home-based business, which will require minimal capital (less than $5k) to start and probably under $200 to maintain a month. My low-end projections indicate a minimal monthly profit of $500 a month, but it could grow to well over $5,000 per month. I do have a f/t job and would not depend on this for my income. Any amount would be extra money to my family budget. In order to set it up, I was considering starting an LLC to acquire a separate Tax Id. No and use that for a line of credit. Is that a good idea? Should I wait to start an LLC until I'm making a certain amount of money? Or is it best to just do all this without an LLC and file all everything on my income taxes? Thanks!
2007-06-04
06:09:42
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2 answers
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asked by
dvox
1