7
votes
Can I claim payments to me personally as income for my single-member LLC?
Even as a single member LLC you must keep finances separate. You must have a bank account for the LLC which is not your personal bank account. Then you can pay yourself (or take dividends) from the ...
- 17.4k
6
votes
Accepted
Can I be held responsible for HIPAA violation?
I would suggest asking for a contract to be made, or you make one and ask it to be signed. The purpose of a contract is to protect both parties.
You can simply state (the contract should be more in ...
- 919
6
votes
Is Refund Consulting legal?
Refund consulting (e.g. telling people that you can help them to locate lost or unclaimed money or property, in return for a fee or a percentage of the money claimed) is, as far as I'm aware, ...
- 893
5
votes
Who Owns the Source Code & IP - Developer or Employer?
In any creative venture, be it artwork, fiction writing, markup writing, coding, music, film.... the "work" is copyrighted and owned by the creator the moment it is created.
There are only 9 ...
- 17.4k
5
votes
Accepted
Can I anonymously use my public LLC?
If you want to create an air-gap between yourself and the company that you're consulting for (so that people who have access to the company records for your freelancing LLC and your own personal ...
- 893
4
votes
What does an LLC's limited liability really protect you against (if you are sole owner and employee)?
I think it's valuable to add to the other answers that you must be able to prove that your LLC is acting as a business entity in order to have the protection specified.
Generally speaking you do this ...
- 141
4
votes
I am a US citizen living in the US, can I freelance for a UK company?
It is perfectly acceptable to work from the US for a UK company.
You will need to invoice the UK company from a US entity (either Inc or self-employed), paying the taxes at a state and federal level ...
- 1,030
4
votes
Accepted
EU resident working as a contractor in the US
I'm not a tax professional, which is who I think you really need to speak to.
I do believe any form of US business (LLC, S-Corp, Sole Proprietorship, etc.) is going to require you pay US taxes. You ...
- 17.4k
3
votes
Landscaping gig
More opinion than anything....
Any time you perform services professionally for another and get paid, regardless of how often or large the service may be, it's wise to protect personal assets from ...
- 17.4k
3
votes
Accepted
Does remote working for a US Company qualify you for a SSN?
Generally speaking, no you do not need a SSN. You will not be able to even apply for a SSN since you did not mention you have a visa to work physically in the US.
The most common request for a SSN ...
3
votes
Accepted
Invoicing Dutch clients from my Tennessee LLC
I've contacted a TN accounting firm, here's what they said:
"You can put 0% tax rate on your invoice if you like, but the main thing is that the invoice should clearly show that it is an out-of-...
- 131
3
votes
Accepted
Should I expect a 1099
Whether or not a company issues a 1099 is their choice. If they do not wish to comply with that requirement, that is their business. In 2011 the IRS made filing 1099s more easily tracked. They added a ...
- 17.4k
2
votes
Accepted
What are the consequences of letting your LLC become inactive?
Will that $400.00 still be charged?
No. You probably paid during the very brief grace period.
Does the owner lose the liability protection for business conducted during the inactive period?
No. ...
- 701
2
votes
Working while traveling out of country
I guess if you plan to get paid during that time, you may have some problems if you open an account there. You should check with your bank the options. Also, if you use paypal, there are some ...
- 153
2
votes
Accepted
IRS W-9 for customer who will purchase my products from my re-seller
The IRS site ( https://www.irs.gov/uac/About-Form-W9 ) has info on the W-9 form. It is used for a US person to determine whether a 1099 is required for payments made to "freelance workers" or "...
- 246
2
votes
Working while traveling out of country
The place where you are working from does not impact your current projects, the only problem you should have in mind is if you prospect new clients in the US, you need to warn them that you are ...
- 131
2
votes
How to verify a US based company?
To verify a US corporation, limited liability company or similar, check with the Secretary of State for the state in which the business is registered. Most of them will have a "Business Portal" link ...
- 5,303
2
votes
I am a US citizen living in the US, can I freelance for a UK company?
The regulations that tend to apply are typically guided by where the work is performed. Since you would perform the work in the US, then you are applicable to US laws (thus ensure you register ...
- 1,162
2
votes
Accepted
Freelancing in highschool?
Never stop learning.
Build something just for the hell of it. (Start with a blog or a portfolio) At least in my experience freelancing, not many people will care what specific software you know how ...
2
votes
Accepted
Do I charge VAT for work I do for UK clients (I am US-based)?
Answering my own question, in case anyone has this issue in future.
I sent a query to the UK tax authority (HMRC) who responded as follows:
"As you are providing supplies to a UK business from ...
- 41
2
votes
How can I gauge market demand for my skills before going freelance?
There's no way to gage anything without trying to get work in the market with your skills. You can guess based upon opportunities out there, but just because there are opportunities, that won't ...
- 17.4k
2
votes
Is there a time limit for assigning cost of training as a business expense?
You can't write off business expenses before the business entity is formed.
Think logically about what you are asking..... If it were possible to write off education as a business expense for a ...
- 17.4k
2
votes
Accepted
Which non-immigrant visa is required to work as a freelancer from the EU in the USA?
First of all, the ultimate source to consult is the US embassy (or its nearest consulate) in your country - mostly its web page, since embassies rarely engage in lengthy and abstract discussions over ...
- 288
2
votes
EU resident working as a contractor in the US
I recommend talking to a US tax professional who has dealt with EU citizens.
According to the IRS web site, the US has agreements with several countries to avoid double taxation. Here is one of their ...
- 1,567
1
vote
How can I be paid as founder of a LLC?
Yes.
[F]oreign owners may act as consultants to the LLC under a written
Consultant’s agreement completing all consulting work within their
home country and billing the LLC in the United States ...
- 701
1
vote
Freelancing for US clients as a US citizen with a foreign company
1) of course US companies can hire a non-US company. Unless The Idiot Formerly Knowm As Trump passed some new law that I am not familiar with restricting any business with non-US companies. (which he ...
- 1,629
1
vote
Do I charge VAT for work I do for UK clients (I am US-based)?
I'm pretty sure you DO have to collect and pay VAT if the sale takes place in the EU.
https://quaderno.io/blog/what-you-must-know-about-vat-if-you-have-customers-in-europe/
All the app stores for ...
- 111
1
vote
I am a US citizen living in the US, can I freelance for a UK company?
Yes, you absolutely can! I live in the US and freelanced for a company in Australia. The only thing is that because they are not in the country, they are not required to send you any kind of tax ...
- 65
1
vote
Having trouble gauging my level of knowledge/expertise?
Freelancing is simply offering your skills and expertise in exchange for compensation. Your job is to find clients with needs that match your skills.. and of course they exist!
It sounds like you're ...
- 275
1
vote
Having trouble gauging my level of knowledge/expertise?
You've probably already though of this, but working as an employee for a company in your field is a good way to test your level of expertise. What you learn at school is often very different than what ...
- 19
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