I'm starting to bank finally but I'm new to marketing so I haven't ever filed taxes yet. I pretty much don't know shit about it since i've never even had a job. (just graduated from HS)
I'm registered as a sole proprietor and don't have a company yet. I overheard that as sole proprietor I'd have to give away a good fucking chunk of my income but If I make a company I would have to give a good chunk of my profit is that true? I know I should have thought about this all earlier but I just came to the realization that even if I have a 20% ROI I would still be losing money.
Do most of you have companies? LLC? S corp? I'd just like to get a feel of how people in the business deal with taxes in the US.
-Alex
I'm registered as a sole proprietor and don't have a company yet. I overheard that as sole proprietor I'd have to give away a good fucking chunk of my income but If I make a company I would have to give a good chunk of my profit is that true? I know I should have thought about this all earlier but I just came to the realization that even if I have a 20% ROI I would still be losing money.
Do most of you have companies? LLC? S corp? I'd just like to get a feel of how people in the business deal with taxes in the US.
-Alex
