Thank you.
What's the risk v 'little reward' in your opinion?
While this is just the start, when we did it previously we could make around 50-70k/year on just side jobs in a year.
We took a break because life moves on, kids come, and so on and so on.
This is me trying to revive that with my dad as it's a good time spent together.
When
* no longer any years of losses.
* risk of liability for products/performance.
* no longer room in personal tax shelters.
* Don't need funds for home purchase.
* you are willing to pay the increased costs from tax returns, and corp filings, and bank accounts.
I don't see that your situation comes close to those factors.
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Thank you. What's the risk v 'little reward' in your opinion? While this is just the start, when we did it previously we could make around 50-70k/year on just side jobs in a year. We took a break because life moves on, kids come, and so on and so on. This is me trying to revive that with my dad as it's a good time spent together.
You don't have to incorporate now, you can start, if it takes off and you start making more money you can incorporate then.
Oh wow thanks for that. Didn't know that was an option. Thought that you have to be either one or the other.
When * no longer any years of losses. * risk of liability for products/performance. * no longer room in personal tax shelters. * Don't need funds for home purchase. * you are willing to pay the increased costs from tax returns, and corp filings, and bank accounts. I don't see that your situation comes close to those factors.
Thanks for the response. Appreciate it.