FCP 050: How to Legitimize Your Business
Financial Conversation Podcast
English - December 12, 2016 10:30 - 47 minutes - 43.7 MB - ★★★★★ - 5 ratingsCareers Business Investing entrepreneur budgeting finance increasingyourincome lifestyle money onlinebusiness personalfinance sideincome solopreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This is a special episode as it’s our 50th and our last for 2016. After this, we will be taking a break to spend time with our friends and family for the holidays. We plan to come back next year with lots of new ideas to make the show even better!
To celebrate our 50th episode, we’re talking about something a lot of small business owners and entrepreneurs think about: how to legitimize their business, and what it actually means for you.
Because we have a lot of questions on this topic, we decided to bring in a special guest to tell us what we need to know about transforming our businesses into actual legal entities and other ways to legitimize your business.
Our special guest today is Eric Nisall from AccountLancer.com and Entrepretunity.com. Eric’s an accountant for freelancers and totally knows his stuff when it comes to all the ins and outs of taxes and business law. He's also an entrepreneur himself, so we knew he'd be the perfect guest to join us in this episode.
In this episode we discuss: 1:50 - Eric introduces himself 3:30 - When Eric chose to strike out on his own 10:00 - When to consider tax benefits of forming an entity 24:50 - Viewing your business as a business 35:00 - How to tell a bad accountant from a good one 38:15 - Eric's future plans Related Links to Check Out: Accountlancer.com Entreprentunity.com What To Do When You Wrongly Receive A 1099-MISC Choosing The Right Tax Professional For You & 1 Question You NEVER Thought To Ask Your Accountant is Robbing You & Pissing Off Your Partners