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#1 (permalink) |
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Registered User
Join Date: Apr 2006
Posts: 10
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Business license help (legal stuff etc)
Hello everyone! I have been looking for a nice web design for dedicated to purely web design, but also the business side! So thanks to designersTalk I can get the advice I really need. Okay, I am going to explain my situation, and what I plan on going with my business. I am 17 and still in school, but I have been a designer/programer for about 2 years, but I havent done it "professionally" or for money until about 4 months ago. Ever since I have been doing it I have been making a nice living with it. I am still in school, and I have one more year until I graduate. So I do not have any license or even paying taxes (dont tell anyone ) from my business. I am the only person working for me. However, I have been contracted by two companies to do outsourcing for them. So when I turn 18 I would like to actually do this legally, and pay taxes. So I can get the taxes breaks, and write offs or whatever with equipment like desks, and stuff. Also not to go to jail, hehe. I am not taking my own business (iMousesstudios) full time or any employees until I move out next year. I plan on using the few months of this year, and next year of living for "free" to get the things I need for my apartment (couchs, desk, tv, etc etc) So when I take my business full time I wont need to spend my money on a new computer, becasue I would need to pay for food, and rent. So now to the main question. I do not mind paying the $1,000 it costs for the nice desk, and so forth, but I have heard that if I had a business license I could get tax breaks or write offs (?) and I could get the money back from purchases like desk, home office type things. Bottom line questions; - Do you need a business license to be a webdesigner/programmer (legally?) - What age do you need to be to get a business license (18?) - What are the major benefits of having the license? - Is it possible to get one without having a high school depolma? - If one doesnt need a business license to work, what is required? (legally) - What are all the write-offs/breaks that can be refunded? (if anything) - If a company(me) was making about $2,000 to $4,000 a month what would my taxes be at the end of the month? - For taxes, is it monthly? annually? - Any adivce for a person planing to take the business full time? My plan for the full time business is hiring two to three for each section: designers, programmers, marketing people, and hosting. I know when I get a business I will need to register for a different kind because of the number of personall. I plan on being the big boss, but also being the head designer. So take on both jobs. I dont know how bosses usually take commission for each package, but I plan on getting a fair amount. For example a small package for like $250, for a simple site. $100 for designer, $100 for programmer, and $50 for me. Is that fair? So yeah..sorry for the long post, but any help would be really great! I plan on making this forum one of my homes on the net Thanks for your time! |
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#2 (permalink) |
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On yer bike...
Join Date: Feb 2005
Posts: 4,951
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Contact the CAB or local chamber of commerce (or US equivalent) - they lend free advice to people wanting to start a business. Your questions are probably too broad many to get an informed response here just yet. Unless you catch a very bored member |
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#4 (permalink) |
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Senior Member
Join Date: Oct 2004
Location: Bristol
Posts: 2,958
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I would recommend going on a small business course - I would not recommend creating a businesss model based on forum advice (especially some of this lot). Also most of those questions would be better off bieng answered by an accountant - which i also recommend you get |
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