Unemployed loser wants to register an LLC--advice, please! Ok, I am a total loser. Let's establish that. I survive by cleaning, cooking, doing laundry, ironing, home repairs, being the errand girl, secretary, report proofreader and so on for my SO who keeps me on a no allowance budget. I have tried to get work but can't, that is a long story that you would probably not be interested in anyway. But I really need to make a little money.
I have the idea to make a little money from home by selling things I made online and by doing proofreading/translating work. The online websites I have looked at all require a Paypal business account, which seems to require a registered business to open. So I am considering registering an LLC.
I want to make sure that I start this in the right way. I will need to buy a computer and I would like to have a website built. I want to know the smartest financial way to go about this.
As I will likely have negligible income for the first year (two, three, forever?) I want to be able to write off business expenses as far into the future as possible. So is it better for me to buy the computer before or after I register the business for tax purposes. Is it better to have the website built before or after I register the business?
Are there other things I could do in a smarter way that I might not even know?
I understand that maybe it is possible to depreciate the computer over the course of 5 years. Does it matter when I buy the computer to do this? Is this the best way to handle the computer expense?
Those are the sorts of questions I have. I have been googling for answers but I have not found anywhere that has a lucid, comprehensive explanation of anything related to this.
Thank you very much if you would help me. It would be like giving $20 to a bum. You could feel good about your humanity. Maybe God will know you by your works. Or maybe it is a waste of your time with no reward. Whatever the case, thank you from one person to another.
Last edited by Anasazi : 09-17-2015 at 04:08 PM.
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