I'm staring to work with longer and more substantial contracts, and it occurs to me that in a worst case scenario, if something goes sour for whatever reason, I could be sued. Is it worth it to start an llc, to seperate my work from my personal assets? Any polycount freelancers have any experience here? I'm going to…
What sort of circumstances are you scared of getting sued under ysalex? I've begun doing some freelance while I'm searching for another job, but it would seem to me that you would have to really go out of your way to give an employer reason to sue you. I'm just curious, as I could think of a few possible situations but I'd…
Yeah, Jon, as MM points out, all the tax breaks you mention apply to a sole-proprietor/independent freelancer filing under a section C. Really, all freelancers should pay their taxes quarterly (you don't need to file a return quarterly) unless your earned income is irregular (ie: 90% of income earned in one quarter). An…