I'm considering consulting out of state. What kind of incorperation?

[Bruce Dawson]

Subchapter S or LLC should be fine. Tax-wise, profit (income after
expenses) is rolled into your personal income. Just beware of the level
of duplication for paperwork (taxes, insurance, ...) for having  a
corporation.

Other things to be aware of when working out of state:

  * Licensing (especially medical field)
  * Increased insurance (esp vehicle) due to distance travelled
  * Increased expenses (parking fees, tolls, meals, room, ...)

Also, a lot of states still require quarterly taxes to be paid to them,
but refund it at year end (and expect each state to have a different
definition of "year end", and "refund").

But all-in-all, its manageable once you get all the ducks lined up.

Good luck and have fun!

--BRuce


On 01/28/2013 10:28 PM, Bill Freeman wrote:
> I have a potential gig on Long Island on a 1099, but will remain
> domiciled in NH.  I figure that I should become a LLC or sole
> proprietorship or something.  Suggestions?
>
> Bill

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