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Pre-takeoff checklist
Some questions for the instructors (especially those working independently) out there... I'm interested in how you handle the financial side of instructing.
How are you set up from a tax/business standpoint? Are you offering services in your name, or do you have some sort of business set up? Does money go right into your main bank account or do you have a separate account? Any things I need to watch out for? etc...
Basically I'm trying to find out what I need to know about being a part-time, independent instructor from the business and tax side.
I realize what is best for one person may not be best for me. I'm planning to meet with a professional to talk about this. But I don't know the right questions to ask yet. So I'm really interested in hearing how others are doing things and why.
Any thoughts would be appreciated.
How are you set up from a tax/business standpoint? Are you offering services in your name, or do you have some sort of business set up? Does money go right into your main bank account or do you have a separate account? Any things I need to watch out for? etc...
Basically I'm trying to find out what I need to know about being a part-time, independent instructor from the business and tax side.
I realize what is best for one person may not be best for me. I'm planning to meet with a professional to talk about this. But I don't know the right questions to ask yet. So I'm really interested in hearing how others are doing things and why.
Any thoughts would be appreciated.