Hi amazing MMM forum community,
I live in Cambridge, MA and am looking to start my own publishing business. I am currently working on the side to create products with a goal of actually starting the company once my current job eventually concludes.
In the mean time, I have many questions, such as:
- Should my business be a sole proprietorship or LLC?
- I will work with many independent translators (often ex-US), so how should I pay them so that everything is above board?
- How do I deal with my business taxes in relation to my family's taxes?
- What sort of daily/weekly/monthly practices should I have so that everything runs as cleanly, smoothly, and uncomplicatedly as possible?
- How do I properly deduct expenses (and properly track such expenses)?
- In short, are any of you experienced and confident enough with small businesses to help set me up for success on the organizational front?
I have read about these things, but I would prefer to simply talk to someone who has worked with small businesses many times before and knows the best ways they should proceed.
If you can offer advice, feel free to respond here or private message me.
much obliged.
P.S. To a moderator, I wasn't sure whether to put this topic under
Entrepreneurship,
Mustachian Marketplace, or
Ask A Mustachian, so feel free to move as needed.