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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

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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:

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Certificate of Limited Liability Company (LLC)

Employer Identification Number (EIN)

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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

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You just have to pay your estimated taxes

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

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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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