First posting, finally broke down and got a computer this week.
A few questions;
My buisiness partner and I have been working together almost a year, and so far have been working without help most of the time. We get long most of the time and are pretty much equal in what we bring to the table, so the partnership seems to be a good idea, even though more people have advised against doing business this way. My partner has great customer contacts and we have been getting great jobs. Our current customers are pretty well to do, and seem hapy with our work and eager to start more projects. Our biggest concern now is speed of production and we are ready to step up our size. We are looking to incorporate and would be grateful for any advice as to what type has worked for others, llc,s-corp etc. Also when we take the step to worker comp and payroll, apart from the employee costs, how much less can we expect to bring hame each week when we are on the payroll as well, since taxes now don’t come intoplay until april?
I am pretty confident that our image and work history, as well as our clientelle will provide us with plenty of future work, but with two kids each, mortgages etc theres a lot riding on this.
any advice is greatly appreciated.