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       #Post#: 63--------------------------------------------------
       Will work best for you incorporation
       By: Shovo Ray Date: September 2, 2023, 11:27 pm
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       Limited Liability Company, S Corporation, etc) be sure to
       consult with an accountant or attorney to figure it out. It's a
       pain to change after the fact. If you are forming your business
       with a partner, it is absolutely imperative that you have an
       Operating Agreement from day one. IMPERATIVE. The Operating
       Agreement defines your ownership (if it's not a corporation
       which issues shares), your roles and your responsibilities. Be
       sure to include what happens should a partner want to leave,
       should you want a partner to leave, should a partner die, should
       a partner get divorced -I don't care if your partner is your
       parent, sibling, friend - you need an Operating Agreement and
       you need one from day one. Sean and I are married and we STILL
       have an.
       Operating Agreement that details out every possible scenario and
       what happens in the event of it. And if there is one area where
       you stretch the budget and pay a lawyer (and NOT use some free
       template online) it is for the Operating Agreement if you enter
       into a partnership. The Business Paperwork Next up you'll Phone
       Number Data
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       need to file all that
       awesome paperwork with the IRS, state and in some cases even
       your county. Getting an EIN, getting a sales tax number, and
       getting local operating licenses (or even finding out if they're
       required). And if you're hiring employees, then you'll need to
       file paperwork to pay unemployment taxes, etc. I personally
       hired a local accountant to ensure we didn't miss anything in
       regards to these. I'd rather pay a modest hourly.
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       b/wp-content/uploads/2023/08/image_2023_08_29T07_20_58_965Z-300x
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       Fee now than much more expensive government penalties later.
       Business Insurance If you plan to have an office and employees
       (which is likely because you decided to no longer be a sole
       consultant), then you're going to want to get insurance. The
       basics would be General Liability and Property Insurance and
       Workers' Compensation Insurance. Additionally, because what we
       do for a living as online marketers is not an exact science,
       you'll likely want to look into getting Errors and Omissions
       (E&O) insurance too. The GLP and Workers' Comp insurance was
       fairly easy to find and get setup. E&O was another story. Most
       insurance agencies I spoke with didn't handle "digital marketing
       firms" and it took me a long time to find a recommendation to a
       company.
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