7
votes
4answers
114 views

Can I set up a second 401(k) at my LLC?

I have a 401(k) at work. I also have an LLC. Can I start a second 401(k) and contribute an additional $16,500?
2
votes
4answers
1k views

Which is better when working as a contractor, 1099 or incorporating?

When working as a contractor, is it better to work as a 1099 contractor or rather incorporate as a C, S or LLC corporation? (with one employee/owner/board member) (assuming that the pay is the same ...
6
votes
1answer
395 views

What are the benefits and downsides to an LLC vs. Sole Proprietorship vs. Individiual?

As a followup to my previous question, what benefits are there for an LLC vs. a Sole Proprietorship? What are advantages and disadvantages to both and also vs. just being paid as a person?
18
votes
4answers
774 views

When should I start an LLC for my side work?

I am doing quite a bit of sidework this year and wondering at what point would it be a good idea to "start a business" and bill through that.