2FD 013: Save Some Energy!
Energy is all around us.. But we usually have to pay money to consume it. The quickest way to start saving some extra money is to be mindful of where […]
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Tips for Filing a Tax Extension 2 Frugal Dudes
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Tips for Frugal Travel in the UK 2 Frugal Dudes
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How to De-Risk the Move to Self-Employment 2 Frugal Dudes
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When to Do Your Own Repairs 2 Frugal Dudes
We all seem to have great business ideas!
But there are a lot of questions on how to start a business while keeping startup costs to a minimum. Many business fails and you want to learn quickly if you have a product or service that people want before you spend too much.
Learn about the tax implications of owning a business and how it can take time to build traction until you’re able to expand your network. CHA-CHING!
Tune In Now!
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2FD 014: Starting a Business
Sean Merron
Podcast: Play in new window | Download
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Discussion Points
- How to create a business entity.
- Having an accountant to reduce your tax liability as much as possible.
- The liability protection with a LLC.
- The life expenses you can now direct towards your business as a deduction.
- Taking distributions from your business over a paycheck.
- The costs of starting a business.
- The advantages of using an accountant over a lawyer to start a business.
- Don’t incorporate too fast.
- Minimizing startup costs.
- Starting a business on the side.
- Your worst case scenario if your business fails: Get a job.
- Making money with your business just takes time.
Show Links
Related Episodes
- 2FD 036: Blogging as a Side Hustle with J. Money
- 2FD 030: Investing In Yourself
- 2FD 041: Tapping into Your Freelancing Potential with Brennan Dunn
- 2FD 042: Making Major Life Changes with Todd Nevins
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Thanks to http://www.bensound.com/ for the music used in the show.
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