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Free Lance or Small Busniess 101

Step 1 -Create a name for your business

Just 5 easy steps to have a business and the start-up cost is 300

You need a name before you can create a business.

Step 2 -Create and email

I would create a new email even if you have one. You will want to keep business and personal separate. I recommend Google because of all the tools that come with google. 

Step 3 - Create an LLC

You can go to a CPA or online. You will need to get an EIN number.

You will need:

Certificate of Limited Liability Company (LLC)

Employer Identification Number (EIN)

Step 4 - Open a business checking account.

Take your LLC and EIN paperwork to the bank. 

Step 5 - Taxes 

Find a CPA to help you and consult with a CPA. You will need to pay quarterly taxes. They will need your LLC and EIN paperwork to the bank. 

QUARTERLY TAXES

You just have to pay your estimated taxes

 (total revenue for that quater x 33)/100 = 

QUARTER 1

January 1 – March 31 DUE April 15

QUARTER 2

April 1 – May 31 DUE June 15

QUARTER 3

June 1 – August 31 DUE September 15

QUARTER 4

September 1 – December 31 DUE January 15

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