Starting a business

Discussion in 'Stringing Techniques / Stringing Machines' started by vsgut, Apr 19, 2004.

  1. vsgut

    vsgut Rookie

    Apr 19, 2004
    I am considering stringing managing the racquet business for a major retailer. Last year we strung 10,000 racquets at the 3 stores I will manage. I will be paid per racquet as an Independent Contractor then I will pay my sub contractors.
    Should I get a business license? Should I incorporate? As an "S" corporation. How can I minimize my taxes. Should I "1099" my subcontractors?
  2. bendover

    bendover Rookie

    Mar 19, 2004
    You so lost me.
  3. Craig Sheppard

    Craig Sheppard Hall of Fame

    Feb 19, 2004
    Raleigh, NC
    Not exactly sure what you're looking for here. If you have basic questions about business setup, I suggest first reading a general guide for small businesses and working for yourself, such as these Nolo guides:

    For actual questions about taxes and business setup, first I would ask your accountant--and believe me, if you're going to manage stores as an independent contractor and have employees or subcontractors, you'll need one. Best to consult with him/her before you get started.


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