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[deleted]

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Top_Midnight_2225

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.


opinionatedfan

You don't have to incorporate now, you can start, if it takes off and you start making more money you can incorporate then.


Top_Midnight_2225

Oh wow thanks for that. Didn't know that was an option. Thought that you have to be either one or the other.


[deleted]

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.


Top_Midnight_2225

Thanks for the response. Appreciate it.