The Business Side: Establishment and Billing
My main concern is if I should have a business license acquired before I start getting clients. Should I have a proprietorship or an LLC set up before I go into it?
And billing is also another of my concern. I am quite unsure how invoices work. I heard of two great services that automate this service: Freshbooks.com and Billingboss.com. I might very well go with Freshbooks, but I am clueless as how invoices or billing works.
Do I send an invoice and they send me either a check, paypal or cash or something? How does this get reported on my taxes? Should I set up a federal tax ID, like some sort of seperate account to handle taxes for my business?
I'm going to seek professional help from someone I know who has been a long time accountant about this. In the meanwhile, any thoughts?
I'd like to start making cold calls in as little as a week. I want to be completely prepared and i don't want to come back here saying "hey guys i have my first meeting tomorrow! what do i do?"
Anyways any help is appreciated.
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Andrew H -
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redlegrich -
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beeswarn -
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Green Moon -
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