The Freelancers' Show: LIVE Q&A #6 - March 24, 2015
Published: May 07, 2015
The Freelancers' Show: LIVE Q&A #6 - March 24, 2015
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Show Notes
04:07 - At what point does it make sense to register as a corporation? Apart from liability, I assume. If you have profits to reinvest in the business?
- Types of Business Entities:
- Sole Proprietorship
- Limited Liability Company (LLC)
- S-Corporations
- “Piercing the Corporate Veil”
- Errors and Omissions Insurance
- Annual Minutes and Organizational Meetings
13:25 - Do you umbrella all your products, brands, DBAs, etc. under a main corp?
18:32 - What was the comical, but legit contract you mentioned on a show recently? (Contracts)
- Contract Killer
- Sue => Fold
21:35 - Expensing Home Office for Tax Purposes
- Tax Deductions
- Tax Credits
31:12 - Errors and Omissions Insurance (Cont’d)
34:38 - Marketing to Launch
41:26 - Contract Resolution
43:29 - If expensing a home office, do you pay for bills, utilities, etc. out of a personal or business account?
45:44 - Prototyping Tools
50:20 - Partnerships and Investments: “My friend has an idea!! ... I actually like this one!!”
- Even small-scale apps or services?
Picks
Just Fucking Ship by Amy Hoy (Eric)
The Brain Audit: Why Customers Buy (and Why They Don't) by Sean D'Souza (Jonathan)
The Silkworm (A Cormoran Strike Novel) by Robert Galbraith (Jonathan)
The Positioning Manual for Technical Firms by Philip Morgan (Reuven)
WASD CODE 87-Key Illuminated Mechanical Keyboard with White LED Backlighting - Cherry MX Clear (Chuck)
Grifiti Fat Wrist Pad (Chuck)
Ready Player One by Ernest Cline (Chuck)
Mastery by Robert Greene (Chuck)
The Brain Audit: Why Customers Buy (and Why They Don't) by Sean D'Souza (Jonathan)
The Silkworm (A Cormoran Strike Novel) by Robert Galbraith (Jonathan)
The Positioning Manual for Technical Firms by Philip Morgan (Reuven)
WASD CODE 87-Key Illuminated Mechanical Keyboard with White LED Backlighting - Cherry MX Clear (Chuck)
Grifiti Fat Wrist Pad (Chuck)
Ready Player One by Ernest Cline (Chuck)
Mastery by Robert Greene (Chuck)
Join us for our next Live Q&A on Tuesday, May 26th 2015! Sign up and get The Ultimate Guide of Marketing Tools for Freelancers here.