Re:How to Survive as a Solo Dev for Like a Decade or So
by ryandrake on Thursday May 04, 2017 @12:02PM
(#14265878)
Wow that hits home. Been there, done that. Pro-tip, especially for Californians: If you're on a shoe string budget, don't go set up any kind of tax or business entity before you have revenue. Paying CA's $800 LLC tax and paying an accountant $400 to write "$0" on your tax return every year is a pointless waste of money. Ask me how I know.
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Re:How to Survive as a Solo Dev for Like a Decade or So
by Justin_K on Thursday May 04, 2017 @12:41PM
(#14266322)
But with a legitimate entity, you can deduct all kinds of legitimate business expenses to offset the minimum $800 tax. It's handy to write off the losses during your startup years. Doing business as a sole proprietor and filing losses is asking for an audit, which can be very time consuming. Doing the same as a legitimate business entity is far less likely to end up in an audit.